Overview In July 2021 Recife exported $23.2M and imported $39.2M, resulting in a negative trade balance of $16M. Between July 2020 and July 2021 the exports of Recife have increased by $11.4M (97.1%) from $11.8M to $23.2M, while imports increased by $12.3M (45.8%) from $26.9M to $39.2M.
Trade In July 2021, the top exports of Recife were Semi-Finished Iron ($6.67M), Manganese Ore ($5.34M), Raw Iron Bars ($3.42M), Crustaceans ($3.38M), and Petroleum Coke ($2.34M). In July 2021 the top imports of Recife were Refined Petroleum ($5.26M), Malt ($3.52M), Potassic Fertilizers ($1.45M), Frozen Bovine Meat ($1.28M), and Medical Instruments ($916k).
Destinations In July 2021, Recife exported mostly to Argentina ($6.67M), India ($5.3M), Jamaica ($3.42M), Benin ($2.57M), and United States ($1.9M), and imported mostly from China ($10.4M), Argentina ($7.03M), United States ($5.34M), United Kingdom ($3.29M), and Italy ($2.41M).
Growth In July 2021, the increase in Recife's year-by-year exports was explained primarily by an increase in exports to United States ($1.51M or 396%), China ($856k or 97.7%), and Bolivia ($296k or 1.21k%), and product exports increase in Semi-Finished Iron ($4.01M or 151%), Crustaceans ($2.17M or 178%), and Petroleum Coke ($1.95M or 513%). In July 2021, the increase in Recife's year-by-year imports was explained primarily by an increase in imports from Argentina ($4.92M or 233%), United Kingdom ($3.09M or 1.62k%), and Italy ($2.12M or 752%), and product imports increase in Refined Petroleum ($3.64M or 224%), Frozen Bovine Meat ($1.09M or 565%), and Fork-Lifts ($866k or 787k%).