Overview: In February 2021 Rio de Janeiro exported $1.38B and imported $2.65B, resulting in a negative trade balance of $1.28B. Between February 2020 and February 2021 the exports of Rio de Janeiro have decreased by $-1.07B (-43.7%) from $2.45B to $1.38B, while imports increased by $65.3M (2.52%) from $2.59B to $2.65B.
Trade: In February 2021, the top exports of Rio de Janeiro were Crude Petroleum ($902M), Semi-Finished Iron ($180M), Refined Petroleum ($46.7M), Steel Ingots ($34.5M), and Iron Ore ($22.7M). In February 2021 the top imports of Rio de Janeiro were Special Purpose Ships ($1.43B), Crude Petroleum ($138M), Petroleum Gas ($128M), Flexible Metal Tubing ($85.3M), and Valves ($78.1M).
Destinations: In February 2021, Rio de Janeiro exported mostly to China ($811M), United States ($253M), Chile ($62.8M), Portugal ($53.6M), and Argentina ($45.2M), and imported mostly from Brazil ($1.58B), United States ($341M), Saudi Arabia ($138M), China ($85.1M), and France ($60.7M).
Growth: In February 2021, the decrease in Rio de Janeiro's year-by-year exports was explained primarily by an decrease in exports to China ($-585M or -41.9%), Spain ($-157M or -86.2%), and Netherlands ($-122M or -86.2%), and product exports decrease in Crude Petroleum ($-1.01B or -52.8%), Gas Turbines ($-60.5M or -83.5%), and Refined Petroleum ($-47.2M or -50.2%). In February 2021, the increase in Rio de Janeiro's year-by-year imports was explained primarily by an increase in imports from Brazil ($1.11B or 235%), China ($30.5M or 55.8%), and Canada ($16.1M or 207%), and product imports increase in Petroleum Gas ($128M or 5.81M%), Refined Petroleum ($36.8M or 105%), and Iron Pipes ($30.8M or 1.67k%).