Overview: In February 2021 Lapa exported $1.65M and imported $16.6M, resulting in a negative trade balance of $15M. Between February 2020 and February 2021 the exports of Lapa have increased by $881k (114%) from $772k to $1.65M, while imports increased by $15.6M (1.47k%) from $1.06M to $16.6M.
Trade: In February 2021, the top exports of Lapa 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 Lapa 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, Lapa exported mostly to South Korea ($903k), China ($294k), Vietnam ($189k), Italy ($99k), and Cambodia ($49.4k), and imported mostly from Argentina ($14.4M), Trinidad and Tobago ($2.17M), Switzerland ($22.7k), and Austria ($11.9k).
Growth: In February 2021, the increase in Lapa'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 Lapa'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%).