Overview: In January 2021 Glasgow exported £2.77M and imported £865k, resulting in a positive trade balance of £1.9M. Between January 2020 and January 2021 the exports of Glasgow have decreased by $-12.3M (-81.7%) from £15.1M to £2.77M, while imports decreased by £-5.08M (-85.5%) from £5.95M to £865k.
Trade: In January 2021, the top exports of Glasgow were Scrap Iron (£2.57M), Medical Instruments (£98.9k), Shaped Paper (£39.5k), Refined Petroleum (£28.5k), and Centrifuges (£15.6k). In January 2021 the top imports of Glasgow were Carbonates (£814k), Electric Motors (£23.5k), Electric Batteries (£12.4k), Cutting Blades (£7.6k), and Other Iron Products (£6.08k).
Destinations: In January 2021, Glasgow exported mostly to France (£1.41M), Netherlands (£1.17M), Ireland (£175k), and Germany (£15.6k), and imported mostly from Turkey (£814k), China (£49.6k), and United States (£1.51k).
Growth: In January 2021, the decrease in Glasgow's year-by-year exports was explained primarily by an decrease in exports to , and product exports decrease in . In January 2021, the decrease in Glasgow's year-by-year imports was explained primarily by an decrease in imports from United States (£-4.73M or -100%) and China (£-214k or -81.2%), and product imports decrease in Cutting Blades (£-17.6k or -69.9%).