Overview: In January 2021 Antofagasta exported $296M and imported $29.1M, resulting in a positive trade balance of $267M. Between January 2020 and January 2021 the exports of Antofagasta have increased by $68.2M (29.9%) from $228M to $296M, while imports decreased by $-28.5M (-49.5%) from $57.6M to $29.1M.
Trade: In January 2021, the top exports of Antofagasta were Refined Copper ($156M), Raw Copper ($116M), Molybdenum Ore ($12M), Gold ($3.81M), and Raw Lead ($2.37M). In January 2021 the top imports of Antofagasta were Motor-working Tools ($1.89M), Ball Bearings ($1.74M), Excavation Machinery ($1.54M), Other Engines ($991k), and Valves ($758k).
Destinations: In January 2021, Antofagasta exported mostly to United States ($94M), Canada ($75.3M), South Korea ($45.3M), China ($39.4M), and Brazil ($25.3M), and imported mostly from Chile ($11.5M), United States ($10.1M), China ($3.24M), Canada ($2.27M), and Spain ($457k).
Growth: In January 2021, the increase in Antofagasta's year-by-year exports was explained primarily by an increase in exports to United States ($44.7M or 90.7%), South Korea ($23.9M or 111%), and Brazil ($15.7M or 164%), and product exports increase in Raw Copper ($51.6M or 79.6%), Refined Copper ($33.3M or 27%), and Cement ($423k or 143%). In January 2021, the decrease in Antofagasta's year-by-year imports was explained primarily by an decrease in imports from United States ($-21.5M or -68%), Germany ($-1.64M or -85.2%), and Australia ($-1.24M or -99.5%), and product imports decrease in Vehicle Parts ($-3.94M or -85.3%), Engine Parts ($-3.38M or -86.7%), and Iron Fasteners ($-3.1M or -88.3%).