Overview: In February 2021 Navegantes exported $1.97M and imported $44.2M, resulting in a negative trade balance of $42.2M. Between February 2020 and February 2021 the exports of Navegantes have decreased by $-808k (-29.1%) from $2.77M to $1.97M, while imports decreased by $-5.96M (-11.9%) from $50.2M to $44.2M.
Trade: In February 2021, the top exports of Navegantes 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 Navegantes 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, Navegantes exported mostly to Argentina ($973k), Bangladesh ($484k), Portugal ($160k), Republic of the Congo ($102k), and India ($84.5k), and imported mostly from China ($27.5M), Morocco ($2.52M), Argentina ($2.27M), India ($2.08M), and Oman ($1.7M).
Growth: In February 2021, the decrease in Navegantes's year-by-year exports was explained primarily by an decrease in exports to China ($-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 ($-222M or -84.2%). In February 2021, the decrease in Navegantes's year-by-year imports was explained primarily by an decrease in imports from United States ($-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%).