Overview: In January 2021 Valencia exported €1.43B and imported €1.32B, resulting in a positive trade balance of €113M. Between January 2020 and January 2021 the exports of Valencia have increased by $106M (8.01%) from €1.33B to €1.43B, while imports decreased by €-276M (-17.3%) from €1.6B to €1.32B.
Trade: In January 2021, the top exports of Valencia were Cars (€302M), Citrus (€213M), Delivery Trucks (€64.5M), Spark-Ignition Engines (€42.8M), and Electric Batteries (€40.5M). In January 2021 the top imports of Valencia were Cars (€140M), Vehicle Parts (€69.5M), Electric Batteries (€36.8M), Seats (€28.9M), and Engine Parts (€26.2M).
Destinations: In January 2021, Valencia exported mostly to Germany (€288M), France (€198M), United Kingdom (€151M), Italy (€106M), and United States (€83.2M), and imported mostly from China (€209M), Germany (€125M), France (€125M), Turkey (€99.4M), and United States (€95.3M).
Growth: In January 2021, the increase in Valencia's year-by-year exports was explained primarily by an increase in exports to United Kingdom (€69.6M or 85.7%), Germany (€67.3M or 30.5%), and Denmark (€30.3M or 275%), and product exports increase in Cars (€97.6M or 47.7%), Electric Batteries (€40.3M or 15.8k%), and Citrus (€16.8M or 8.54%). In January 2021, the decrease in Valencia's year-by-year imports was explained primarily by an decrease in imports from United Kingdom (€-76.5M or -68.3%), United States (€-48.9M or -33.9%), and Germany (€-42.1M or -25.2%), and product imports decrease in Cars (€-68.6M or -32.9%), Vehicle Parts (€-53M or -43.3%), and Spark-Ignition Engines (€-18.4M or -68.1%).