Overview: In February 2021 Alagoas exported $73.8M and imported $61.5M, resulting in a positive trade balance of $12.3M. Between February 2020 and February 2021 the exports of Alagoas have increased by $57.6M (356%) from $16.2M to $73.8M, while imports increased by $464k (0.76%) from $61M to $61.5M.
Trade: In February 2021, the top exports of Alagoas were Raw Sugar ($72.8M), Unglazed Ceramics ($565k), Fruit Juice ($127k), Coconuts, Brazil Nuts, and Cashews ($74.8k), and Coconut Oil ($35k). In February 2021 the top imports of Alagoas were Halogenated Hydrocarbons ($6.82M), Mixed Mineral or Chemical Fertilizers ($3.8M), Telephones ($3.75M), Insulated Wire ($3.1M), and Vinyl Chloride Polymers ($2.6M).
Destinations: In February 2021, Alagoas exported mostly to Uzbekistan ($23.1M), Algeria ($19.6M), Georgia ($9.84M), Spain ($9.72M), and Canada ($4.26M), and imported mostly from China ($28.5M), United States ($10.6M), Saudi Arabia ($2.15M), Morocco ($1.86M), and Argentina ($1.64M).
Growth: In February 2021, the increase in Alagoas's year-by-year exports was explained primarily by an increase in exports to Spain ($8.64M or 797%), Algeria ($7.56M or 62.5%), and Portugal ($2.72M or 2.97k%), and product exports increase in Raw Sugar ($59.6M or 453%), Fruit Juice ($49.8k or 64.7%), and Coconuts, Brazil Nuts, and Cashews ($37.1k or 98.4%). In February 2021, the increase in Alagoas's year-by-year imports was explained primarily by an increase in imports from United States ($2.1M or 24.8%), Saudi Arabia ($2.05M or 1.99k%), and Morocco ($1.83M or 7.61k%), and product imports increase in Telephones ($2.47M or 194%), Vinyl Chloride Polymers ($2.38M or 1.1k%), and Insulated Wire ($2.34M or 310%).