Overview: In February 2021 Pernambuco exported $85.8M and imported $321M, resulting in a negative trade balance of $235M. Between February 2020 and February 2021 the exports of Pernambuco have decreased by $-42.2M (-33%) from $128M to $85.8M, while imports decreased by $-27.9M (-7.99%) from $349M to $321M.
Trade: In February 2021, the top exports of Pernambuco were Raw Sugar ($19.7M), Polyacetals ($16.3M), Electric Batteries ($6.79M), Cars ($6.43M), and Refined Petroleum ($6.23M). In February 2021 the top imports of Pernambuco were Refined Petroleum ($51.3M), Petroleum Gas ($36.4M), Wheat ($20M), Cyclic Hydrocarbons ($18.1M), and Malt ($14.8M).
Destinations: In February 2021, Pernambuco exported mostly to Argentina ($12.6M), Senegal ($9.69M), United States ($8.64M), Mexico ($6.41M), and Guinea ($5.78M), and imported mostly from United States ($97.9M), Argentina ($48.8M), China ($35.6M), France ($22.6M), and Mexico ($14.7M).
Growth: In February 2021, the decrease in Pernambuco's year-by-year exports was explained primarily by an decrease in exports to Argentina ($-35.2M or -73.7%), Singapore ($-8.88M or -61.1%), and United Kingdom ($-5.6M or -87.5%), and product exports decrease in Delivery Trucks ($-18M or -93.9%), Cars ($-11.7M or -64.6%), and Refined Petroleum ($-9.62M or -60.7%). In February 2021, the decrease in Pernambuco's year-by-year imports was explained primarily by an decrease in imports from United States ($-64.1M or -39.6%), Oman ($-9.73M or -90.4%), and Argentina ($-9.38M or -16.1%), and product imports decrease in Refined Petroleum ($-26.5M or -34.1%), Cyclic Hydrocarbons ($-19.3M or -51.6%), and Alcohol > 80% ABV ($-5.1M or -44.1%).