Overview: In February 2021 Palmas exported $1.34M and imported $4.79M, resulting in a negative trade balance of $3.45M. Between February 2020 and February 2021 the exports of Palmas have increased by $121k (9.91%) from $1.22M to $1.34M, while imports increased by $359k (8.1%) from $4.43M to $4.79M.
Trade: In February 2021, the top exports of Palmas 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 Palmas 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, Palmas exported mostly to China ($1.34M) and France ($5.97k), and imported mostly from China ($4.28M), Austria ($290k), Turkey ($108k), Hong Kong ($65.5k), and Portugal ($19.9k).
Growth: In February 2021, the increase in Palmas'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 Palmas'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%).