Overview: In February 2021 Piauí exported $18.5M and imported $12.6M, resulting in a positive trade balance of $5.92M. Between February 2020 and February 2021 the exports of Piauí have increased by $3.26M (21.4%) from $15.2M to $18.5M, while imports decreased by $-12.3M (-49.3%) from $24.8M to $12.6M.
Trade: In February 2021, the top exports of Piauí were Honey ($5.89M), Corn ($5.3M), Waxes ($4.59M), Raw Cotton ($1.32M), and Oxygen Heterocyclic Compounds ($600k). In February 2021 the top imports of Piauí were Hot-Rolled Iron ($7.09M), Potassic Fertilizers ($1.22M), Nitrogenous Fertilizers ($1.18M), Bi-Wheel Vehicle Parts ($500k), and Tanned Sheep Hides ($296k).
Destinations: In February 2021, Piauí exported mostly to United States ($8.05M), Vietnam ($5.81M), Germany ($1.79M), China ($1.24M), and Italy ($631k), and imported mostly from Russia ($7.09M), China ($2.94M), Israel ($1.28M), Spain ($195k), and Nigeria ($169k).
Growth: In February 2021, the increase in Piauí's year-by-year exports was explained primarily by an increase in exports to United States ($6.38M or 382%), Italy ($498k or 372%), and India ($66.1k or 110%), and product exports increase in Honey ($5.49M or 1.37k%), Corn ($540k or 11.4%), and Electrical Transformers ($283k or 457k%). In February 2021, the decrease in Piauí's year-by-year imports was explained primarily by an decrease in imports from China ($-17.2M or -85.4%), Italy ($-1.39M or -96%), and United States ($-1.12M or -97%), and product imports decrease in Semiconductor Devices ($-18.8M or -99.6%), Electrical Transformers ($-1.69M or -97.8%), and Electrical Control Boards ($-777k or -98.6%).