Overview: In January 2021 Glasgow Airport exported £93.8M and imported £32.5M, resulting in a positive trade balance of £61.3M. Between January 2020 and January 2021 the exports of Glasgow Airport have increased by $26.9M (40.3%) from £66.9M to £93.8M, while imports decreased by £-73.9M (-69.5%) from £106M to £32.5M.
Trade: In January 2021, the top exports of Glasgow Airport were Gas Turbines (£26.4M), Laboratory Reagents (£21.2M), Commodities not elsewhere specified (£5.11M), LCDs (£4.71M), and Medical Instruments (£4.66M). In January 2021 the top imports of Glasgow Airport were Gas Turbines (£9.15M), Medical Instruments (£2.9M), LCDs (£1.15M), Hydrogen (£1.14M), and Aircraft Parts (£1.14M).
Destinations: In January 2021, Glasgow Airport exported mostly to United States (£37.4M), China (£24.3M), Malaysia (£5.05M), Japan (£4.42M), and Germany (£3.6M), and imported mostly from United States (£18.4M), Japan (£2.75M), China (£2.11M), Thailand (£1.84M), and Vietnam (£1.37M).
Growth: In January 2021, the increase in Glasgow Airport's year-by-year exports was explained primarily by an increase in exports to China (£22.4M or 1.17k%), United States (£15.1M or 67.8%), and United Arab Emirates (£805k or 69.9%), and product exports increase in Laboratory Reagents (£15.8M or 295%), Gas Turbines (£10.5M or 65.7%), and Hard Liquor (£2.25M or 557%). In January 2021, the decrease in Glasgow Airport's year-by-year imports was explained primarily by an decrease in imports from United States (£-47M or -71.8%), Singapore (£-10.6M or -91.4%), and Japan (£-6.39M or -69.9%), and product imports decrease in Gas Turbines (£-61.5M or -87%), Aircraft Parts (£-1.9M or -62.6%), and Calculators (£-1.02M or -51.7%).