Overview: In February 2021 Rondônia exported $82.3M and imported $56.1M, resulting in a positive trade balance of $26.2M. Between February 2020 and February 2021 the exports of Rondônia have decreased by $-35.4M (-30%) from $118M to $82.3M, while imports increased by $6.62M (13.4%) from $49.5M to $56.1M.
Trade: In February 2021, the top exports of Rondônia were Frozen Bovine Meat ($31.4M), Soybeans ($26.8M), Bovine Meat ($7.76M), Raw Tin ($3.21M), and Shaped Wood ($2.71M). In February 2021 the top imports of Rondônia were Onions ($3.78M), Propylene Polymers ($3.77M), Bi-Wheel Vehicle Parts ($3.5M), Wheat ($2.45M), and Woven Fabric of Synthetic Staple Fibers ($1.94M).
Destinations: In February 2021, Rondônia exported mostly to Spain ($14.4M), Hong Kong ($11.3M), China ($10.9M), Turkey ($8.52M), and Chile ($7.2M), and imported mostly from China ($29.7M), Argentina ($5.57M), Vietnam ($2.92M), Colombia ($2.15M), and United States ($2.07M).
Growth: In February 2021, the decrease in Rondônia's year-by-year exports was explained primarily by an decrease in exports to Netherlands ($-15.1M or -92.5%), Chile ($-8.39M or -53.8%), and Hong Kong ($-5.61M or -33.1%), and product exports decrease in Soybeans ($-15.1M or -36%), Bovine Meat ($-8.88M or -53.4%), and Frozen Bovine Meat ($-8.23M or -20.8%). In February 2021, the increase in Rondônia's year-by-year imports was explained primarily by an increase in imports from China ($3.37M or 12.8%), Vietnam ($2.09M or 253%), and Egypt ($1.74M or 2.11k%), and product imports increase in Bi-Wheel Vehicle Parts ($2.3M or 193%), Non-Retail Synthetic Filament Yarn ($1.55M or 550%), and Cement Articles ($1.51M or 949%).