Overview: In January 2021 Cardiff exported £5.51M and imported £3.51M, resulting in a positive trade balance of £2M. Between January 2020 and January 2021 the exports of Cardiff have decreased by $-5.11M (-48.1%) from £10.6M to £5.51M, while imports decreased by £-2.61M (-42.6%) from £6.12M to £3.51M.
Trade: In January 2021, the top exports of Cardiff were Refined Petroleum (£1.97M), Silicone (£1.54M), Scrap Iron (£889k), Other Large Iron Pipes (£606k), and Other Organo-Inorganic Compounds (£275k). In January 2021 the top imports of Cardiff were Hot-Rolled Iron (£1.98M), Other Small Iron Pipes (£811k), Iron Blocks (£511k), Raw Iron Bars (£165k), and Metal Pickling Preparations (£20k).
Destinations: In January 2021, Cardiff exported mostly to Ireland (£1.97M), South Korea (£1.81M), Lithuania (£889k), Portugal (£606k), and Netherlands (£128k), and imported mostly from Turkey (£3.51M).
Growth: In January 2021, the decrease in Cardiff's year-by-year exports was explained primarily by an decrease in exports to South Korea (£-8.81M or -82.9%), and product exports decrease in Silicone (£-5.69M or -78.7%) and Other Organo-Inorganic Compounds (£-3.12M or -91.9%). In January 2021, the decrease in Cardiff's year-by-year imports was explained primarily by an decrease in imports from , and product imports decrease in Other Small Iron Pipes (£-189k or -18.9%).