Overview: In February 2021 Novo Hamburgo exported $8.25M and imported $8.26M, resulting in a negative trade balance of $5.76k. Between February 2020 and February 2021 the exports of Novo Hamburgo have decreased by $-1.57M (-16%) from $9.83M to $8.25M, while imports increased by $1.83M (28.5%) from $6.43M to $8.26M.
Trade: In February 2021, the top exports of Novo Hamburgo 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 Novo Hamburgo 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, Novo Hamburgo exported mostly to Argentina ($1.39M), United States ($1.02M), France ($668k), Germany ($633k), and Tunisia ($553k), and imported mostly from China ($2.9M), Germany ($737k), Italy ($631k), Uruguay ($573k), and United States ($428k).
Growth: In February 2021, the decrease in Novo Hamburgo's year-by-year exports was explained primarily by an decrease in exports to China ($-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 increase in Novo Hamburgo'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%).