Overview: In January 2021 Basque Country exported €1.72B and imported €1.36B, resulting in a positive trade balance of €363M. Between January 2020 and January 2021 the exports of Basque Country have decreased by $-340M (-16.5%) from €2.06B to €1.72B, while imports decreased by €-274M (-16.7%) from €1.64B to €1.36B.
Trade: In January 2021, the top exports of Basque Country were Cars (€184M), Delivery Trucks (€139M), Vehicle Parts (€128M), Rubber Tires (€80.7M), and Refined Petroleum (€67.5M). In January 2021 the top imports of Basque Country were Crude Petroleum (€238M), Vehicle Parts (€51.1M), Soybeans (€44.7M), Combustion Engines (€37M), and Hot-Rolled Iron (€29.1M).
Destinations: In January 2021, Basque Country exported mostly to Germany (€339M), France (€283M), United Kingdom (€114M), Netherlands (€105M), and Italy (€89.2M), and imported mostly from Germany (€209M), France (€141M), China (€137M), Mexico (€111M), and Russia (€91.3M).
Growth: In January 2021, the decrease in Basque Country's year-by-year exports was explained primarily by an decrease in exports to France (€-96.8M or -25.5%), United States (€-69.1M or -49.6%), and Germany (€-34M or -9.1%), and product exports decrease in Refined Petroleum (€-144M or -68%), Vehicle Parts (€-28.5M or -18.3%), and Raw Copper (€-25.6M or -67.2%). In January 2021, the decrease in Basque Country's year-by-year imports was explained primarily by an decrease in imports from Russia (€-56.2M or -38.1%), Norway (€-55.7M or -89.6%), and Turkey (€-43.5M or -82.5%), and product imports decrease in Petroleum Gas (€-115M or -91.7%), Crude Petroleum (€-39.7M or -14.3%), and Hot-Rolled Iron (€-18M or -38.2%).