Overview: In February 2021 Ibaiti exported $4.14M and imported $83.3k, resulting in a positive trade balance of $4.05M. Between February 2020 and February 2021 the exports of Ibaiti have increased by $2.09M (102%) from $2.05M to $4.14M, while imports increased by $19.5k (30.6%) from $63.8k to $83.3k.
Trade: In February 2021, the top exports of Ibaiti 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 Ibaiti 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, Ibaiti exported mostly to United States ($2.31M), Chile ($557k), Denmark ($486k), Belgium ($166k), and Mexico ($136k), and imported mostly from China ($48.1k), Paraguay ($18k), Argentina ($16.7k), and Finland ($516).
Growth: In February 2021, the increase in Ibaiti'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 increase in Ibaiti's year-by-year imports was explained primarily by an increase in imports from Brazil ($1.11B or 235%), China ($276M or 38.4%), and China ($244M or 45.1%), and product imports increase in Electricity ($188M or 23.6k%), Petroleum Gas ($128M or 5.81M%), and Blood, antisera, vaccines, toxins and cultures ($81.9M or 83.2%).