Overview: In February 2021 Ubá exported $580k and imported $2.07M, resulting in a negative trade balance of $1.49M. Between February 2020 and February 2021 the exports of Ubá have increased by $427k (278%) from $154k to $580k, while imports increased by $1.63M (370%) from $440k to $2.07M.
Trade: In February 2021, the top exports of Ubá 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 Ubá 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, Ubá exported mostly to Panama ($140k), Puerto Rico ($125k), Dominican Republic ($114k), Ecuador ($72.9k), and United States ($53.2k), and imported mostly from China ($1.48M), Singapore ($250k), India ($132k), United States ($102k), and Spain ($63.6k).
Growth: In February 2021, the increase in Ubá'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 Ubá'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%).