Overview In January 2023 Pernambuco exported $219M and imported $638M, resulting in a negative trade balance of $418M. Between January 2022 and January 2023 the exports of Pernambuco have decreased by $-59.5M (-21.3%) from $279M to $219M, while imports increased by $147M (30%) from $490M to $638M.
Trade In January 2023, the top exports of Pernambuco were Refined Petroleum ($124M), Raw Sugar ($40.3M), Petroleum Coke ($8.74M), Alcohol > 80% ABV ($6.6M), and Polyacetals ($6.59M). In January 2023 the top imports of Pernambuco were Refined Petroleum ($161M), Petroleum Gas ($54.2M), Motor vehicles; parts and accessories (8701... ($41.9M), Delivery Trucks ($31.6M), and Cyclic Hydrocarbons ($27.3M).
Destinations In January 2023, Pernambuco exported mostly to Singapore ($122M), Mauritania ($14.7M), Democratic Republic of the Congo ($12.3M), Argentina ($10.4M), and China ($9.17M), and imported mostly from Argentina ($124M), China ($98.7M), United Arab Emirates ($84.9M), Bahrain ($58M), and United States ($53.8M).
Growth In January 2023, the decrease in Pernambuco's year-by-year exports was explained primarily by an decrease in exports to Netherlands ($-8.25M or -73.5%), Canada ($-3.55M or -95.7%), and Uruguay ($-3.12M or -46.5%), and product exports decrease in Tropical Fruits ($-1.06M or -24.1%), Synthetic Rubber ($-899k or -57.2%), and Bathroom Ceramics ($-351k or -95.3%). In January 2023, the increase in Pernambuco's year-by-year imports was explained primarily by an increase in imports from India ($58M or 327%), Switzerland ($21.9M or 2.76k%), and Argentina ($19.3M or 70.5%), and product imports increase in Petroleum Gas ($36.5M or 104%), Refined Petroleum ($19.7M or 36.7%), and Wheat ($7.15M or 63.3%).