Overview: In February 2021 Porto Velho exported $10.5M and imported $46.9M, resulting in a negative trade balance of $36.5M. Between February 2020 and February 2021 the exports of Porto Velho have decreased by $-11.9M (-53.2%) from $22.4M to $10.5M, while imports increased by $1.57M (3.46%) from $45.4M to $46.9M.
Trade: In February 2021, the top exports of Porto Velho 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 Porto Velho 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, Porto Velho exported mostly to Spain ($4.98M), Turkey ($2.42M), United Kingdom ($1.38M), United States ($385k), and Mexico ($261k), and imported mostly from China ($22.4M), Argentina ($5.57M), Vietnam ($2.63M), Colombia ($2.15M), and United States ($1.89M).
Growth: In February 2021, the decrease in Porto Velho's year-by-year exports was explained primarily by an decrease in exports to China ($-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 Porto Velho'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%).