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