Overview In June 2022 Bahia exported $1.16B and imported $882M, resulting in a positive trade balance of $281M. Between June 2021 and June 2022 the exports of Bahia have increased by $220M (23.4%) from $942M to $1.16B, while imports increased by $19.3M (2.24%) from $862M to $882M.
Trade In June 2022, the top exports of Bahia were Soybeans ($247M), Refined Petroleum ($221M), Sulfate Chemical Woodpulp ($71.4M), Soybean Meal ($65.6M), and Raw Copper ($49.9M). In June 2022 the top imports of Bahia were Refined Petroleum ($157M), Crude Petroleum ($116M), Potassic Fertilizers ($53.4M), Semiconductor Devices ($51.3M), and Mixed Mineral or Chemical Fertilizers ($51.1M).
Destinations In June 2022, Bahia exported mostly to China ($236M), United States ($187M), Singapore ($93.6M), Argentina ($90.5M), and Virgin Islands ($85.6M), and imported mostly from China ($179M), United States ($135M), Nigeria ($116M), Indonesia ($52M), and Russia ($40.8M).
Growth In June 2022, the increase in Bahia's year-by-year exports was explained primarily by an increase in exports to China ($73.2M or 72.7%), United States ($32.7M or 47.7%), and France ($19.7M or 81.9%), and product exports increase in Copper Ore ($47.9M or 129k%), Sulfate Chemical Woodpulp ($12.1M or 18.1%), and Dissolving Grades Chemical Woodpulp ($8.67M or 49.1%). In June 2022, the increase in Bahia's year-by-year imports was explained primarily by an increase in imports from United States ($123M or 167%), Chile ($70.9M or 1.67k%), and Spain ($55.5M or 194%), and product imports increase in Refined Petroleum ($230M or 297%), Delivery Trucks ($7.67M or 93.9%), and Electric Motors ($7.14M or 147%).