Overview: In February 2021 Sinop exported $45.4M and imported $7.04M, resulting in a positive trade balance of $38.4M. Between February 2020 and February 2021 the exports of Sinop have increased by $14.5M (47%) from $30.9M to $45.4M, while imports increased by $5.89M (511%) from $1.15M to $7.04M.
Trade: In February 2021, the top exports of Sinop 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 Sinop 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, Sinop exported mostly to China ($30.2M), Turkey ($3.39M), Italy ($3.05M), Russia ($2.48M), and United Kingdom ($2.38M), and imported mostly from Germany ($3.9M), China ($707k), Netherlands ($700k), Russia ($606k), and Algeria ($595k).
Growth: In February 2021, the increase in Sinop'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 increase in Sinop'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%).