Overview: In January 2021 Felixstowe exported £605M and imported £2.43B, resulting in a negative trade balance of £1.82B. Between January 2020 and January 2021 the exports of Felixstowe have increased by $85.9M (16.5%) from £519M to £605M, while imports decreased by £-799M (-24.8%) from £3.23B to £2.43B.
Trade: In January 2021, the top exports of Felixstowe were Silver (£100M), Scrap Iron (£28.1M), Commodities not elsewhere specified (£26.5M), Recovered Paper (£20.1M), and Packaged Medicaments (£19.4M). In January 2021 the top imports of Felixstowe were Other Furniture (£87.8M), Light Fixtures (£52.7M), Electric Heaters (£52.1M), Seats (£51.4M), and Rubber Apparel (£48.5M).
Destinations: In January 2021, Felixstowe exported mostly to Canada (£101M), China (£79.9M), United States (£49.9M), Netherlands (£48.9M), and India (£46.5M), and imported mostly from China (£1.33B), Turkey (£220M), India (£157M), Hong Kong (£81M), and Bangladesh (£63.4M).
Growth: In January 2021, the increase in Felixstowe's year-by-year exports was explained primarily by an increase in exports to Canada (£91.8M or 1.04k%), United States (£17.6M or 54.6%), and Japan (£10.6M or 80.6%), and product exports increase in Silver (£83.5M or 509%), Scrap Iron (£13.6M or 93.6%), and Ink (£7.48M or 684%). In January 2021, the decrease in Felixstowe's year-by-year imports was explained primarily by an decrease in imports from China (£-253M or -16%), Bangladesh (£-110M or -63.5%), and Taiwan (£-59.5M or -49.9%), and product imports decrease in Non-Knit Women's Suits (£-46.5M or -69.2%), Telephones (£-40.8M or -64%), and Knit T-shirts (£-34.5M or -63.1%).