Rio Grande

Overview In February 2024 Rio Grande exported $175M and imported $77M, resulting in a positive trade balance of $98.3M. Between February 2023 and February 2024 the exports of Rio Grande have decreased by $-62.3M (-26.2%) from $238M to $175M, while imports decreased by $-77.9M (-50.3%) from $155M to $77M.

Trade In February 2024, the top exports of Rio Grande were Soybean Meal ($49.8M), Soybeans ($45.2M), Poultry Meat ($24.6M), Fuel Wood ($17.6M), and Refined Petroleum ($14.8M). In February 2024 the top imports of Rio Grande were Mixed Mineral or Chemical Fertilizers ($39M), Nitrogenous Fertilizers ($10.3M), Refined Petroleum ($7.31M), Potassic Fertilizers ($5.25M), and Phosphatic Fertilizers ($4.56M).

Destinations In February 2024, Rio Grande exported mostly to China ($55.7M), Slovenia ($14.4M), South Korea ($13.8M), France ($13M), and Japan ($12.4M), and imported mostly from Morocco ($29.1M), United States ($15.4M), Nigeria ($9.57M), Peru ($4.03M), and Jordan ($3.88M).

Growth In February 2024, the decrease in Rio Grande's year-by-year exports was explained primarily by an decrease in exports to China ($-81.9M or -91.2%), Spain ($-17.6M or -79.6%), and France ($-11.6M or -78.7%), and product exports decrease in Soybeans ($-39.5M or -50.6%), Fuel Wood ($-13.5M or -65.4%), and Rice ($-6.2M or -46.4%). In February 2024, the decrease in Rio Grande's year-by-year imports was explained primarily by an decrease in imports from Russia ($-31.2M or -97.9%), Nigeria ($-22.5M or -90.2%), and Netherlands ($-7.31M or -38.1%), and product imports decrease in Nitrogenous Fertilizers ($-15.8M or -35.8%), Potassic Fertilizers ($-8.27M or -51.6%), and Refined Petroleum ($-6.62M or -56.6%).