Overview: In February 2021 São Paulo exported $440M and imported $682M, resulting in a negative trade balance of $241M. Between February 2020 and February 2021 the exports of São Paulo have increased by $230M (109%) from $210M to $440M, while imports decreased by $-8.71M (-1.26%) from $690M to $682M.
Trade: In February 2021, the top exports of São Paulo 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 São Paulo 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, São Paulo exported mostly to China ($90.2M), United States ($52.9M), Canada ($30.3M), Thailand ($26.1M), and Switzerland ($21.4M), and imported mostly from China ($209M), United States ($83.8M), Germany ($45.7M), Argentina ($36.3M), and India ($23M).
Growth: In February 2021, the increase in São Paulo'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 ($288M or 5.57k%). In February 2021, the decrease in São Paulo's year-by-year imports was explained primarily by an decrease in imports from United States ($-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%).