Overview: In January 2021 Grangemouth exported £321M and imported £111M, resulting in a positive trade balance of £210M. Between January 2020 and January 2021 the exports of Grangemouth have increased by $214M (200%) from £107M to £321M, while imports decreased by £-5.08M (-4.38%) from £116M to £111M.
Trade: In January 2021, the top exports of Grangemouth were Crude Petroleum (£130M), Petroleum Gas (£35.6M), Hard Liquor (£34.2M), Acyclic Hydrocarbons (£22.7M), and Refined Petroleum (£11.6M). In January 2021 the top imports of Grangemouth were Acyclic Hydrocarbons (£7.73M), Refined Petroleum (£4.8M), Carboxyamide Compounds (£3.67M), Wood Barrels (£3.49M), and Animal Meal and Pellets (£3.47M).
Destinations: In January 2021, Grangemouth exported mostly to China (£86.4M), Spain (£40.1M), Belgium (£37.5M), Netherlands (£28.9M), and France (£27M), and imported mostly from China (£28.8M), United States (£19.2M), Norway (£9.53M), Japan (£8.11M), and Switzerland (£7.33M).
Growth: In January 2021, the increase in Grangemouth's year-by-year exports was explained primarily by an increase in exports to China (£82.4M or 2.06k%), South Korea (£5.64M or 343%), and Colombia (£3.03M or 492%), and product exports increase in Crude Petroleum (£124M or 2.35k%), Petroleum Gas (£18.5M or 107%), and Hard Liquor (£12.9M or 60.2%). In January 2021, the decrease in Grangemouth's year-by-year imports was explained primarily by an decrease in imports from United States (£-8.62M or -31%), China (£-4.63M or -13.8%), and Thailand (£-4.61M or -77.4%), and product imports decrease in Excavation Machinery (£-3.7M or -66.6%), Wood Barrels (£-2.36M or -40.3%), and Prepr binder for foundry (£-1.83M or -61.1%).