Overview: In January 2021 Galicia exported €1.46B and imported €1.25B, resulting in a positive trade balance of €215M. Between January 2020 and January 2021 the exports of Galicia have decreased by $-332M (-18.5%) from €1.79B to €1.46B, while imports decreased by €-443M (-26.2%) from €1.69B to €1.25B.
Trade: In January 2021, the top exports of Galicia were Cars (€348M), Delivery Trucks (€75.5M), Vehicle Parts (€57.5M), Non-Knit Women's Suits (€47.6M), and Knit Sweaters (€44M). In January 2021 the top imports of Galicia were Cars (€134M), Processed Fish (€116M), Crude Petroleum (€86.7M), Vehicle Parts (€48.9M), and Molluscs (€43.2M).
Destinations: In January 2021, Galicia exported mostly to France (€374M), Portugal (€207M), Italy (€111M), United Kingdom (€76M), and Poland (€71M), and imported mostly from China (€180M), Portugal (€159M), France (€149M), Morocco (€71.6M), and Italy (€48.8M).
Growth: In January 2021, the decrease in Galicia's year-by-year exports was explained primarily by an decrease in exports to Italy (€-78.4M or -41.4%), Portugal (€-76.3M or -27%), and Germany (€-54.3M or -53.1%), and product exports decrease in Non-Knit Women's Suits (€-38.5M or -44.8%), Vehicle Parts (€-32.7M or -36.3%), and Knit Sweaters (€-28M or -38.9%). In January 2021, the decrease in Galicia's year-by-year imports was explained primarily by an decrease in imports from France (€-318M or -68.1%), Libya (€-48.3M or -63.7%), and Mexico (€-37.8M or -71.7%), and product imports decrease in Vehicle Parts (€-295M or -85.8%), Crude Petroleum (€-37.5M or -30.2%), and Processed Fish (€-33.8M or -22.5%).