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