Overview: In January 2021 Canary Islands exported €143M and imported €160M, resulting in a negative trade balance of €16.5M. Between January 2020 and January 2021 the exports of Canary Islands have decreased by $-86.4M (-37.6%) from €229M to €143M, while imports decreased by €-194M (-54.9%) from €354M to €160M.
Trade: In January 2021, the top exports of Canary Islands were Refined Petroleum (€68.4M), Commodities not elsewhere specified (€17.4M), Perfumes (€4.6M), Aircraft Parts (€3.95M), and Tomatoes (€2.63M). In January 2021 the top imports of Canary Islands were Refined Petroleum (€37.4M), Cars (€8.29M), Wheat (€3.58M), Gas Turbines (€3.23M), and Medical Instruments (€2.76M).
Destinations: In January 2021, Canary Islands exported mostly to World (€81.5M), Senegal (€13.9M), France (€8.1M), Netherlands (€5.85M), and Germany (€2.64M), and imported mostly from Netherlands (€19.4M), Portugal (€19.1M), Germany (€14.9M), Sweden (€12M), and Italy (€11.7M).
Growth: In January 2021, the decrease in Canary Islands's year-by-year exports was explained primarily by an decrease in exports to World (€-82.9M or -50.4%), Netherlands (€-3.53M or -37.6%), and Portugal (€-2.89M or -58.9%), and product exports decrease in Commodities not elsewhere specified (€-25.5M or -59.4%), Refined Petroleum (€-23.2M or -25.3%), and Coal Tar Oil (€-17.1M or -93.6%). In January 2021, the decrease in Canary Islands's year-by-year imports was explained primarily by an decrease in imports from Belgium (€-27.6M or -89.6%), United Kingdom (€-24.9M or -84.7%), and Netherlands (€-18M or -48.1%), and product imports decrease in Refined Petroleum (€-68.9M or -64.8%), Cars (€-9.73M or -54%), and Gas Turbines (€-5.06M or -61%).