Overview: In February 2021 Socorro exported $320k and imported $156k, resulting in a positive trade balance of $164k. Between February 2020 and February 2021 the exports of Socorro have decreased by $-862k (-72.9%) from $1.18M to $320k, while imports decreased by $-106k (-40.4%) from $262k to $156k.
Trade: In February 2021, the top exports of Socorro 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 Socorro 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, Socorro exported mostly to Hong Kong ($190k), Paraguay ($63.9k), Chile ($56.8k), Colombia ($7.88k), and Argentina ($1.54k), and imported mostly from Spain ($84.4k), China ($33.4k), United Kingdom ($25.9k), Argentina ($8.05k), and Portugal ($4.26k).
Growth: In February 2021, the decrease in Socorro's year-by-year exports was explained primarily by an decrease in exports to China ($-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 ($-222M or -84.2%). In February 2021, the decrease in Socorro's year-by-year imports was explained primarily by an decrease in imports from United States ($-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%).