Overview: In February 2021 Toledo exported $3.14M and imported $23.8M, resulting in a negative trade balance of $20.7M. Between February 2020 and February 2021 the exports of Toledo have increased by $952k (43.6%) from $2.19M to $3.14M, while imports increased by $15.9M (199%) from $7.98M to $23.8M.
Trade: In February 2021, the top exports of Toledo 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 Toledo 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, Toledo exported mostly to Paraguay ($1.87M), Bolivia ($442k), Uruguay ($306k), Argentina ($265k), and Colombia ($106k), and imported mostly from Paraguay ($17M), China ($3.31M), India ($2.33M), Mexico ($370k), and Netherlands ($130k).
Growth: In February 2021, the increase in Toledo'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 Toledo'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%).