Overview: In January 2021 Palencia exported €46.3M and imported €59.7M, resulting in a negative trade balance of €13.3M. Between January 2020 and January 2021 the exports of Palencia have decreased by $-182M (-79.7%) from €228M to €46.3M, while imports decreased by €-3.16M (-5.02%) from €62.8M to €59.7M.
Trade: In January 2021, the top exports of Palencia were Baked Goods (€13.7M), Coffee and Tea Extracts (€9.26M), Vehicle Parts (€3.04M), Other Uncoated Paper (€2.53M), and Cars (€1.37M). In January 2021 the top imports of Palencia were Vehicle Parts (€18.8M), Molluscs (€6.31M), Crustaceans (€5.35M), Insulated Wire (€4.79M), and Coffee (€2.54M).
Destinations: In January 2021, Palencia exported mostly to Portugal (€11.9M), France (€6.71M), Italy (€3.7M), Germany (€3M), and United States (€2.94M), and imported mostly from Germany (€10.8M), Morocco (€10.5M), France (€6.88M), Argentina (€5.39M), and Hungary (€4.05M).
Growth: In January 2021, the decrease in Palencia's year-by-year exports was explained primarily by an decrease in exports to France (€-87.8M or -92.9%), Belgium (€-29M or -97.5%), and United Kingdom (€-18.4M or -90.5%), and product exports decrease in Cars (€-179M or -99.2%), Coffee and Tea Extracts (€-1.64M or -15.1%), and Other Uncoated Paper (€-1.1M or -30.2%). In January 2021, the decrease in Palencia's year-by-year imports was explained primarily by an decrease in imports from Cote d'Ivoire (€-1M or -86.5%), Mauritania (€-956k or -60.4%), and United Kingdom (€-934k or -85.3%), and product imports decrease in Vehicle Parts (€-2.87M or -13.3%), Coffee (€-2.58M or -50.4%), and Insulated Wire (€-1.28M or -21.1%).