Overview: In March 2021 Ubá exported $551k and imported $4.28M, resulting in a negative trade balance of $3.73M. Between March 2020 and March 2021 the exports of Ubá have increased by $336k (157%) from $215k to $551k, while imports increased by $3.37M (371%) from $908k to $4.28M.
Trade: In March 2021, the top exports of Ubá were Other Furniture ($501k), Seats ($49.1k), and Iron Stovetops ($442). In March 2021 the top imports of Ubá were Polyacetals ($1.44M), Cold-Rolled Iron ($1.27M), Other Nitrogen Compounds ($743k), Woodworking machines ($390k), and Metal Mountings ($154k).
Destinations: In March 2021, Ubá exported mostly to United States ($179k), Ecuador ($75.3k), Angola ($60.7k), Puerto Rico ($51k), and Dominican Republic ($49.8k), and imported mostly from China ($3.41M), Germany ($390k), India ($177k), Singapore ($136k), and Hungary ($89.3k).
Growth: In March 2021, the increase in Ubá's year-by-year exports was explained primarily by an increase in exports to United States ($87.4k or 95.4%), Ecuador ($23.7k or 45.9%), and Puerto Rico ($8.9k or 21.2%), and product exports increase in Other Furniture ($368k or 277%). In March 2021, the increase in Ubá's year-by-year imports was explained primarily by an increase in imports from China ($3.23M or 1.89k%) and South Korea ($28.9k or 96.5%), and product imports increase in Polyacetals ($1.12M or 344%), Other Nitrogen Compounds ($540k or 267%), and Woodworking machines ($180k or 85.4%).