Overview: In February 2021 Santos exported $222M and imported $61.7M, resulting in a positive trade balance of $160M. Between February 2020 and February 2021 the exports of Santos have increased by $52.2M (30.7%) from $170M to $222M, while imports decreased by $-79M (-56.2%) from $141M to $61.7M.
Trade: In February 2021, the top exports of Santos 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 Santos 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, Santos exported mostly to China ($112M), Marshall Islands ($13M), Liberia ($11.6M), Morocco ($9.86M), and Panama ($7.78M), and imported mostly from United States ($27.7M), Argentina ($21.9M), China ($3.37M), Venezuela ($2.06M), and France ($1.58M).
Growth: In February 2021, the increase in Santos'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 ($288M or 5.57k%). In February 2021, the decrease in Santos's year-by-year imports was explained primarily by an decrease in imports from United States ($-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%).