Colombo

Overview: In February 2021 Colombo exported $1.59M and imported $7.3M, resulting in a negative trade balance of $5.71M. Between February 2020 and February 2021 the exports of Colombo have decreased by $-885k (-35.8%) from $2.47M to $1.59M, while imports decreased by $-361k (-4.71%) from $7.66M to $7.3M.

Trade: In February 2021, the top exports of Colombo were Iron Ore ($1.56B), Iron Ore ($1.05B), Crude Petroleum ($902M), Soybeans ($625M), and Crude Petroleum ($464M). In February 2021 the top imports of Colombo were Special Purpose Ships ($1.43B), Telephones ($192M), Vehicle Parts ($190M), Electricity ($189M), and Blood, antisera, vaccines, toxins and cultures ($180M).

Destinations: In February 2021, Colombo exported mostly to United States ($430k), Argentina ($246k), Paraguay ($121k), Bangladesh ($99.1k), and Netherlands ($80.1k), and imported mostly from China ($2.58M), Russia ($673k), Spain ($513k), Argentina ($426k), and Czechia ($393k).

Growth: In February 2021, the decrease in Colombo's year-by-year exports was explained primarily by an decrease in exports to China ($-585M or -41.9%), China ($-245M or -69.2%), and Singapore ($-158M or -99.8%), and product exports decrease in Crude Petroleum ($-1.01B or -52.8%), Soybeans ($-356M or -36.3%), and Soybeans ($-222M or -84.2%). In February 2021, the decrease in Colombo's year-by-year imports was explained primarily by an decrease in imports from United States ($-972M or -74.1%), United States ($-253M or -29.7%), and United Kingdom ($-143M or -84.7%), and product imports decrease in Other Construction Vehicles ($-1.19B or -100%), Flexible Metal Tubing ($-265M or -75.6%), and Valves ($-154M or -66.3%).