Sinop

Overview In February 2024 Sinop exported $127M and imported $35.4M, resulting in a positive trade balance of $91.7M. Between February 2023 and February 2024 the exports of Sinop have decreased by $-26M (-17%) from $153M to $127M, while imports increased by $16.9M (91.5%) from $18.5M to $35.4M.

Trade In February 2024, the top exports of Sinop were Soybeans ($87.6M), Corn ($28.7M), Bran ($6.06M), Frozen Bovine Meat ($3.5M), and Raw Cotton ($844k). In February 2024 the top imports of Sinop were Nitrogenous Fertilizers ($12.8M), Potassic Fertilizers ($8.68M), Centrifuges ($5.45M), Other Heating Machinery ($2.97M), and Mill Machinery ($2.92M).

Destinations In February 2024, Sinop exported mostly to China ($47.7M), Turkey ($17M), Spain ($14.5M), Egypt ($12.9M), and Algeria ($7.19M), and imported mostly from Russia ($11.6M), China ($6.63M), Israel ($4.21M), Germany ($4.02M), and United States ($3.23M).

Growth In February 2024, the decrease in Sinop's year-by-year exports was explained primarily by an decrease in exports to Vietnam ($-1.24M or -94.4%), United States ($-298k or -60.8%), and South Korea ($-279k or -3.68%), and product exports decrease in Soybeans ($-760k or -49.8%) and Shaped Wood ($-658k or -70.7%). In February 2024, the increase in Sinop's year-by-year imports was explained primarily by an increase in imports from Russia ($10.7M or 302%), and product imports increase in Motor vehicles; parts and accessories (8701... ($54.1k or 3.26k%), Valves ($835 or 118%), and Gaskets ($184 or 78.6%).