Formiga

Overview: In February 2021 Formiga exported $221k and imported $224k, resulting in a negative trade balance of $2.68k. Between February 2020 and February 2021 the exports of Formiga have decreased by $-118k (-34.8%) from $339k to $221k, while imports decreased by $-724k (-76.4%) from $947k to $224k.

Trade: In February 2021, the top exports of Formiga 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 Formiga 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, Formiga exported mostly to United States ($207k), Japan ($12.8k), and Switzerland ($923), and imported mostly from Argentina ($224k).

Growth: In February 2021, the decrease in Formiga'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 Formiga'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%).