Overview: In January 2021 Lugo exported €37.9M and imported €46.1M, resulting in a negative trade balance of €8.16M. Between January 2020 and January 2021 the exports of Lugo have decreased by $-7.79M (-17.1%) from €45.7M to €37.9M, while imports decreased by €-14.5M (-23.9%) from €60.5M to €46.1M.
Trade: In January 2021, the top exports of Lugo were Milk (€7.22M), Aluminium Oxide (€6.51M), Wood Fiberboard (€3.22M), Electrical Power Accessories (€1.77M), and Concentrated Milk (€1.13M). In January 2021 the top imports of Lugo were Aluminium Ore (€8.87M), Molluscs (€4.33M), Raw Aluminium (€4.2M), Sodium or Potassium Peroxides (€3.12M), and Cellulose Fibers Paper (€2.16M).
Destinations: In January 2021, Lugo exported mostly to France (€9.04M), Portugal (€8.17M), Netherlands (€4.98M), Denmark (€2.4M), and Italy (€2.07M), and imported mostly from Guinea (€8.87M), Netherlands (€5.9M), Morocco (€4.13M), France (€3.92M), and Italy (€3.76M).
Growth: In January 2021, the decrease in Lugo's year-by-year exports was explained primarily by an decrease in exports to France (€-2.77M or -23.5%), United Kingdom (€-1.81M or -66.6%), and Poland (€-1.31M or -89.5%), and product exports decrease in Aluminium Oxide (€-5.01M or -43.5%), Raw Aluminium (€-1.92M or -78.6%), and Processed Fish (€-1.51M or -94.4%). In January 2021, the decrease in Lugo's year-by-year imports was explained primarily by an decrease in imports from United Kingdom (€-8.39M or -98.9%), Morocco (€-2.97M or -41.8%), and France (€-2.02M or -34.1%), and product imports decrease in Raw Aluminium (€-7.37M or -63.7%), Molluscs (€-3.36M or -43.7%), and Beauty Products (€-1.41M or -98.4%).