Overview: In January 2021 San Miguel exported $8.02M and imported $29.4M, resulting in a negative trade balance of $21.4M. Between January 2020 and January 2021 the exports of San Miguel have increased by $5.76M (254%) from $2.27M to $8.02M, while imports increased by $17.3M (142%) from $12.2M to $29.4M.
Trade: In January 2021, the top exports of San Miguel were Copper Wire ($7.43M), Insulated Wire ($321k), Shaped Paper ($63.1k), Centrifuges ($39.4k), and House Linens ($34.4k). In January 2021 the top imports of San Miguel were Trunks and Cases ($3.03M), Knit Sweaters ($2.6M), Non-Knit Women's Suits ($2.59M), Knit T-shirts ($2.23M), and Non-Knit Women's Shirts ($2.22M).
Destinations: In January 2021, San Miguel exported mostly to Argentina ($2.54M), Brazil ($2.53M), Colombia ($1.56M), Paraguay ($969k), and Uruguay ($105k), and imported mostly from Germany ($19.8M), Brazil ($1.94M), United States ($1.35M), China ($1.28M), and Belize ($1.21M).
Growth: In January 2021, the increase in San Miguel's year-by-year exports was explained primarily by an increase in exports to Argentina ($2.34M or 1.16k%), Brazil ($1.93M or 324%), and Paraguay ($953k or 6.35k%), and product exports increase in Copper Wire ($6.26M or 533%), Centrifuges ($38.7k or 5.23k%), and Breathing Appliances ($18.8k or 129%). In January 2021, the increase in San Miguel's year-by-year imports was explained primarily by an increase in imports from Germany ($19.7M or 24.5k%), Heard Island and McDonald Islands ($430k or 394%), and France ($376k or 671%), and product imports increase in Trunks and Cases ($2.98M or 6.39k%), Knit Sweaters ($2.6M or 56.3k%), and Knit T-shirts ($2.22M or 24k%).