Overview In October 2024 Rio Grande exported $278M and imported $234M, resulting in a positive trade balance of $44.1M. Between October 2023 and October 2024 the exports of Rio Grande have decreased by $-8.81M (-3.07%) from $286M to $278M, while imports decreased by $-57.8M (-19.8%) from $291M to $234M.
Trade In October 2024, the top exports of Rio Grande were Soybeans ($139M), Soybean Meal ($58.9M), Refined Petroleum ($19.3M), Poultry Meat ($14M), and Soybean Oil ($13.5M). In October 2024 the top imports of Rio Grande were Mixed Mineral or Chemical Fertilizers ($95.7M), Potassic Fertilizers ($34.9M), Nitrogenous Fertilizers ($32.6M), Phosphatic Fertilizers ($31.8M), and Crude Petroleum ($29.5M).
Destinations In October 2024, Rio Grande exported mostly to China ($147M), Iran ($21.9M), Germany ($19.2M), India ($13.5M), and Costa Rica ($7.08M), and imported mostly from Saudi Arabia ($49.2M), Morocco ($38.4M), China ($32.9M), Argentina ($31M), and Russia ($20.9M).
Growth In October 2024, the decrease in Rio Grande's year-by-year exports was explained primarily by an decrease in exports to Japan ($-23.1M or -99.1%), South Korea ($-7.9M or -88.1%), and Gambia ($-6.52M or -86.7%), and product exports decrease in Rice ($-14.4M or -58.1%), Poultry Meat ($-11.1M or -44.2%), and Pig Meat ($-5.67M or -91.3%). In October 2024, the decrease in Rio Grande's year-by-year imports was explained primarily by an decrease in imports from Canada ($-37.4M or -81.4%), Nigeria ($-18.8M or -83.8%), and Italy ($-6.33M or -100%), and product imports decrease in Potassic Fertilizers ($-52M or -59.8%), Nitrogenous Fertilizers ($-15M or -31.5%), and Refined Petroleum ($-5.33M or -99.6%).