Overview: In February 2021 Bahia exported $449M and imported $389M, resulting in a positive trade balance of $59.5M. Between February 2020 and February 2021 the exports of Bahia have decreased by $-138M (-23.5%) from $587M to $449M, while imports decreased by $-92.5M (-19.2%) from $482M to $389M.
Trade: In February 2021, the top exports of Bahia were Raw Cotton ($58.6M), Gold ($43.5M), Soybean Meal ($38.7M), Sulfate Chemical Woodpulp ($38.4M), and Refined Copper ($29.5M). In February 2021 the top imports of Bahia were Copper Ore ($44.4M), Cocoa Beans ($40.2M), Petroleum Gas ($16.4M), Semiconductor Devices ($15.4M), and Vehicle Parts ($13.9M).
Destinations: In February 2021, Bahia exported mostly to United States ($76.1M), China ($59.9M), Argentina ($44.2M), Germany ($33M), and Switzerland ($28.1M), and imported mostly from China ($72.5M), United States ($53.4M), Chile ($42.7M), Ghana ($40.2M), and Argentina ($22.5M).
Growth: In February 2021, the decrease in Bahia's year-by-year exports was explained primarily by an decrease in exports to Singapore ($-158M or -99.8%), China ($-15M or -20.1%), and Italy ($-11.6M or -71%), and product exports decrease in Refined Petroleum ($-165M or -97.1%), Sulfate Chemical Woodpulp ($-17.1M or -30.8%), and Electric Generating Sets ($-12.5M or -64.7%). In February 2021, the decrease in Bahia's year-by-year imports was explained primarily by an decrease in imports from Argentina ($-47.8M or -68%), Spain ($-44.2M or -77.4%), and Cote d'Ivoire ($-31.5M or -98.1%), and product imports decrease in Refined Petroleum ($-137M or -92.3%), Wheat ($-11.7M or -55.3%), and Copper Ore ($-10.6M or -19.3%).