Overview: In February 2021 Rio Grande exported $155M and imported $66.1M, resulting in a positive trade balance of $88.7M. Between February 2020 and February 2021 the exports of Rio Grande have increased by $76.7M (98.1%) from $78.1M to $155M, while imports increased by $5.85M (9.71%) from $60.3M to $66.1M.
Trade: In February 2021, the top exports of Rio Grande 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 Rio Grande 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, Rio Grande exported mostly to France ($29M), Slovenia ($20M), South Korea ($18.2M), Indonesia ($10.1M), and India ($9.49M), and imported mostly from Russia ($17.3M), Nigeria ($14M), Netherlands ($4.92M), Qatar ($4.91M), and Belarus ($4.52M).
Growth: In February 2021, the increase in Rio Grande'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 Rio Grande'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%).