Overview: In January 2021 Belfast exported £61.4M and imported £124M, resulting in a negative trade balance of £62.6M. Between January 2020 and January 2021 the exports of Belfast have decreased by $-22.8M (-27.1%) from £84.2M to £61.4M, while imports increased by £4.2M (3.51%) from £120M to £124M.
Trade: In January 2021, the top exports of Belfast were Seats (£6.78M), Scrap Iron (£5.94M), Beer (£5.48M), Hard Liquor (£4.55M), and Pig Meat (£3.11M). In January 2021 the top imports of Belfast were Coal Briquettes (£9.83M), Corn (£7.68M), Polyamides (£5.59M), Hot-Rolled Iron (£5.13M), and Rubber Tires (£4.56M).
Destinations: In January 2021, Belfast exported mostly to United States (£18.4M), China (£9.61M), Turkey (£5.64M), Australia (£2.9M), and India (£1.75M), and imported mostly from China (£38M), United States (£16.6M), Turkey (£10.3M), Russia (£10.1M), and India (£8.25M).
Growth: In January 2021, the decrease in Belfast's year-by-year exports was explained primarily by an decrease in exports to United States (£-9.85M or -34.9%), Canada (£-9.49M or -98.9%), and Mexico (£-3.02M or -86%), and product exports decrease in Hard Liquor (£-7.14M or -61.1%), Electric Generating Sets (£-3.37M or -62.3%), and Butter (£-1.54M or -80.3%). In January 2021, the increase in Belfast's year-by-year imports was explained primarily by an increase in imports from China (£12.4M or 48.3%), India (£4.92M or 147%), and Turkey (£3.09M or 43.1%), and product imports increase in Polyamides (£2.29M or 69.4%), Mixed Mineral or Chemical Fertilizers (£1.99M or 172%), and Rubber Apparel (£1.54M or 523%).