Overview: In February 2021 Vera Cruz exported $2.18M and imported $504k, resulting in a positive trade balance of $1.67M. Between February 2020 and February 2021 the exports of Vera Cruz have increased by $1.32M (153%) from $860k to $2.18M, while imports decreased by $-62.4k (-11%) from $566k to $504k.
Trade: In February 2021, the top exports of Vera Cruz 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 Vera Cruz 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, Vera Cruz exported mostly to Paraguay ($1.04M), Argentina ($668k), United States ($205k), Lebanon ($158k), and Chile ($68.4k), and imported mostly from China ($494k) and Italy ($9.65k).
Growth: In February 2021, the increase in Vera Cruz'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 ($288M or 5.57k%). In February 2021, the decrease in Vera Cruz's year-by-year imports was explained primarily by an decrease in imports from United States ($-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%).