Overview: In January 2021 Tarapaca exported $21.4M and imported $6.38M, resulting in a positive trade balance of $15M. Between January 2020 and January 2021 the exports of Tarapaca have decreased by $-24.7M (-53.6%) from $46.1M to $21.4M, while imports increased by $2.83M (79.4%) from $3.56M to $6.38M.
Trade: In January 2021, the top exports of Tarapaca were Halogens ($9.44M), Refined Copper ($3.05M), Scrap Iron ($1.59M), Nitrites and Nitrates ($1.54M), and Animal Meal and Pellets ($942k). In January 2021 the top imports of Tarapaca were Vehicle Parts ($986k), Video and Card Games ($707k), Railway Cargo Containers ($303k), Blank Audio Media ($274k), and Other Rubber Products ($267k).
Destinations: In January 2021, Tarapaca exported mostly to Heard Island and McDonald Islands ($6.14M), China ($4.15M), South Korea ($1.47M), Spain ($1.27M), and United States ($1.1M), and imported mostly from United States ($3.08M), Chile ($1.5M), China ($1.35M), Heard Island and McDonald Islands ($286k), and Poland ($49.8k).
Growth: In January 2021, the decrease in Tarapaca's year-by-year exports was explained primarily by an decrease in exports to China ($-28.7M or -87.4%), Thailand ($-1.59M or -96.7%), and Vietnam ($-1.04M or -63%), and product exports decrease in Refined Copper ($-3.45M or -53%), Scrap Iron ($-1.96M or -55.2%), and Commodities not elsewhere specified ($-478k or -97.4%). In January 2021, the increase in Tarapaca's year-by-year imports was explained primarily by an increase in imports from United States ($1.87M or 154%), China ($734k or 120%), and Heard Island and McDonald Islands ($252k or 738%), and product imports increase in Vehicle Parts ($566k or 135%), Other Rubber Products ($262k or 5.65k%), and Railway Cargo Containers ($241k or 384%).