Overview: In January 2021 Antofagasta exported $132M and imported $25.7M, resulting in a positive trade balance of $106M. Between January 2020 and January 2021 the exports of Antofagasta have increased by $37.8M (40.1%) from $94.2M to $132M, while imports decreased by $-23.6M (-47.9%) from $49.3M to $25.7M.
Trade: In January 2021, the top exports of Antofagasta were Raw Copper ($116M), Refined Copper ($9.07M), Gold ($3.81M), Cement ($717k), and Specialized Vehicles ($399k). In January 2021 the top imports of Antofagasta were Motor-working Tools ($1.85M), Ball Bearings ($1.74M), Excavation Machinery ($1.54M), Other Engines ($987k), and Valves ($682k).
Destinations: In January 2021, Antofagasta exported mostly to Canada ($75.3M), South Korea ($44.1M), China ($6.49M), United States ($3.88M), and Peru ($1.59M), and imported mostly from United States ($10M), Chile ($8.56M), China ($3.17M), Canada ($2.27M), and Spain ($445k).
Growth: In January 2021, the increase in Antofagasta's year-by-year exports was explained primarily by an increase in exports to South Korea ($39.9M or 939%), Canada ($10.4M or 16%), and China ($829k or 14.6%), and product exports increase in Raw Copper ($51.6M or 79.6%), Cement ($423k or 143%), and Valves ($101k or 2.55k%). In January 2021, the decrease in Antofagasta's year-by-year imports was explained primarily by an decrease in imports from United States ($-20.6M or -67.3%), Australia ($-1.24M or -99.5%), and Peru ($-937k or -85.2%), and product imports decrease in Vehicle Parts ($-3.92M or -85.7%), Engine Parts ($-3.38M or -86.7%), and Iron Fasteners ($-2.8M or -87.4%).