Overview: In January 2021 Community of Madrid exported β¬2.08B and imported β¬5.15B, resulting in a negative trade balance of β¬3.07B. Between January 2020 and January 2021 the exports of Community of Madrid have decreased by $-274M (-11.6%) from β¬2.36B to β¬2.08B, while imports decreased by β¬-213M (-3.98%) from β¬5.36B to β¬5.15B.
Trade: In January 2021, the top exports of Community of Madrid were Packaged Medicaments (β¬170M), Electricity (β¬115M), Blood, antisera, vaccines, toxins and cultures (β¬75M), Tractors (β¬74.3M), and Planes, Helicopters, and/or Spacecraft (β¬59.5M). In January 2021 the top imports of Community of Madrid were Packaged Medicaments (β¬367M), Cars (β¬311M), Telephones (β¬293M), Computers (β¬267M), and Petroleum Gas (β¬250M).
Destinations: In January 2021, Community of Madrid exported mostly to France (β¬333M), Portugal (β¬274M), Germany (β¬239M), Italy (β¬158M), and United States (β¬133M), and imported mostly from Germany (β¬690M), China (β¬672M), France (β¬495M), United States (β¬359M), and Italy (β¬342M).
Growth: In January 2021, the decrease in Community of Madrid's year-by-year exports was explained primarily by an decrease in exports to United Kingdom (β¬-127M or -63.6%), World (β¬-63.8M or -55.5%), and Japan (β¬-29.8M or -61.1%), and product exports decrease in Packaged Medicaments (β¬-79.2M or -31.8%), Commodities not elsewhere specified (β¬-66.5M or -53.1%), and Aircraft Parts (β¬-47.6M or -49.7%). In January 2021, the decrease in Community of Madrid's year-by-year imports was explained primarily by an decrease in imports from United States (β¬-220M or -38%), United Kingdom (β¬-107M or -51.5%), and France (β¬-59.5M or -10.7%), and product imports decrease in Planes, Helicopters, and/or Spacecraft (β¬-155M or -78.4%), Packaged Medicaments (β¬-150M or -29%), and Vehicle Parts (β¬-33.3M or -23.6%).