Formosa

Overview: In February 2021 Formosa exported $1.13M and imported $762k, resulting in a positive trade balance of $369k. Between February 2020 and February 2021 the exports of Formosa have increased by $575k (103%) from $556k to $1.13M, while imports decreased by $-77k (-9.18%) from $839k to $762k.

Trade: In February 2021, the top exports of Formosa 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 Formosa 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, Formosa exported mostly to Venezuela ($543k), Paraguay ($218k), Malaysia ($180k), Colombia ($109k), and China ($81.9k), and imported mostly from China ($512k), Belarus ($228k), Germany ($21.3k), Mexico ($281), and United States ($158).

Growth: In February 2021, the increase in Formosa's year-by-year exports was explained primarily by an increase in exports to China ($555M or 10.7k%), China ($473M or 73.2%), and China ($380M or 101%), and product exports increase in Iron Ore ($656M or 72.6%), Iron Ore ($593M or 129%), and Soybeans ($288M or 5.57k%). In February 2021, the decrease in Formosa's year-by-year imports was explained primarily by an decrease in imports from United States ($-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%).