Overview: In March 2021 Rondônia exported $230M and imported $51.2M, resulting in a positive trade balance of $179M. Between March 2020 and March 2021 the exports of Rondônia have increased by $30.7M (15.4%) from $200M to $230M, while imports decreased by $-7.38M (-12.6%) from $58.6M to $51.2M.
Trade: In March 2021, the top exports of Rondônia were Soybeans ($159M), Frozen Bovine Meat ($36.5M), Bovine Meat ($13.8M), Raw Tin ($4.28M), and Shaped Wood ($2.79M). In March 2021 the top imports of Rondônia were Propylene Polymers ($3.02M), Wheat ($2.94M), Cement Articles ($2.81M), Bi-Wheel Vehicle Parts ($2.77M), and Non-Retail Synthetic Filament Yarn ($2.64M).
Destinations: In March 2021, Rondônia exported mostly to Spain ($53.2M), Netherlands ($38.6M), Algeria ($27.7M), France ($17.3M), and China ($16.5M), and imported mostly from China ($26.4M), Argentina ($6.68M), Vietnam ($2.51M), Colombia ($1.56M), and Israel ($1.27M).
Growth: In March 2021, the increase in Rondônia's year-by-year exports was explained primarily by an increase in exports to Spain ($31.5M or 145%), Algeria ($26.8M or 2.72k%), and France ($16M or 1.24k%), and product exports increase in Soybeans ($38.7M or 32.2%), Raw Tin ($3.43M or 406%), and Niobium, Tantalum, Vanadium and Zirconium Ore ($1.18M or 280%). In March 2021, the decrease in Rondônia's year-by-year imports was explained primarily by an decrease in imports from China ($-11.8M or -30.9%), Colombia ($-854k or -35.4%), and Germany ($-848k or -90.6%), and product imports decrease in Office Machine Parts ($-1.49M or -88.2%), Other knitted or crocheted fabrics. ($-1.12M or -73.5%), and Fish Fillets ($-913k or -54.7%).