Overview: In February 2021 Salvador exported $5.86M and imported $38.2M, resulting in a negative trade balance of $32.3M. Between February 2020 and February 2021 the exports of Salvador have decreased by $-1.74M (-22.9%) from $7.6M to $5.86M, while imports increased by $1.93M (5.32%) from $36.3M to $38.2M.
Trade: In February 2021, the top exports of Salvador 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 Salvador 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, Salvador exported mostly to United States ($4.01M), Netherlands ($842k), Spain ($356k), Bolivia ($177k), and Argentina ($95.4k), and imported mostly from United States ($17.6M), Argentina ($9.68M), China ($2.32M), Germany ($2.2M), and United Kingdom ($1.66M).
Growth: In February 2021, the decrease in Salvador's year-by-year exports was explained primarily by an decrease in exports to China ($-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 increase in Salvador'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%).