Overview: In January 2021 Aberdeen exported £42.3M and imported £19.9M, resulting in a positive trade balance of £22.3M. Between January 2020 and January 2021 the exports of Aberdeen have increased by $4.65M (12.4%) from £37.6M to £42.3M, while imports decreased by £-13.3M (-40%) from £33.3M to £19.9M.
Trade: In January 2021, the top exports of Aberdeen were Valves (£8.37M), Machinery Having Individual Functions (£4.59M), Scrap Iron (£3.83M), Animal Food (£3.61M), and Other Iron Products (£2.65M). In January 2021 the top imports of Aberdeen were Other Iron Products (£2.46M), Machinery Having Individual Functions (£1.95M), Gas and Liquid Flow Measuring Instruments (£1.71M), Excavation Machinery (£1.68M), and Iron Pipes (£1.63M).
Destinations: In January 2021, Aberdeen exported mostly to Norway (£29.4M), Angola (£3.11M), Spain (£2.29M), Nigeria (£1.88M), and Equatorial Guinea (£1.34M), and imported mostly from Norway (£16.6M), Japan (£1.06M), Azerbaijan (£782k), Canada (£574k), and Angola (£485k).
Growth: In January 2021, the increase in Aberdeen's year-by-year exports was explained primarily by an increase in exports to Nigeria (£1.52M or 428%), Equatorial Guinea (£1.1M or 462%), and Gabon (£78k or 83.9%), and product exports increase in Valves (£2.61M or 45.4%), Animal Food (£2.35M or 186%), and Machinery Having Individual Functions (£2.08M or 83.4%). In January 2021, the decrease in Aberdeen's year-by-year imports was explained primarily by an decrease in imports from Norway (£-4.09M or -19.8%), United States (£-2.48M or -95.7%), and Mexico (£-1.5M or -98.4%), and product imports decrease in Iron Pipes (£-2.97M or -64.6%), Gas and Liquid Flow Measuring Instruments (£-2.39M or -58.3%), and Other Small Iron Pipes (£-1.41M or -99.3%).