Recife

Overview: In February 2021 Recife exported $3.49M and imported $48.6M, resulting in a negative trade balance of $45.1M. Between February 2020 and February 2021 the exports of Recife have decreased by $-1.17M (-25.1%) from $4.65M to $3.49M, while imports decreased by $-5.14M (-9.57%) from $53.7M to $48.6M.

Trade: In February 2021, the top exports of Recife 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 Recife 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, Recife exported mostly to Benin ($1.1M), Angola ($988k), United States ($332k), Portugal ($273k), and Germany ($216k), and imported mostly from United States ($14.7M), China ($12M), Argentina ($5.43M), Belgium ($2.18M), and Colombia ($1.71M).

Growth: In February 2021, the decrease in Recife'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 Recife'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%).