Overview: In January 2021 Inverness exported £20M and imported £6.83M, resulting in a positive trade balance of £13.2M. Between January 2020 and January 2021 the exports of Inverness have increased by $19.1M (2.18k%) from £879k to £20M, while imports decreased by £-5.99M (-46.7%) from £12.8M to £6.83M.
Trade: In January 2021, the top exports of Inverness were Valves (£14.7M), Machinery Having Individual Functions (£1.56M), Animal Food (£1.22M), Iron Fasteners (£1.21M), and Particle Board (£890k). In January 2021 the top imports of Inverness were Non-fillet Fresh Fish (£5.66M), Nitrogen Heterocyclic Compounds (£445k), Yeast (£424k), Electrical Lighting and Signalling Equipment (£124k), and Coated Flat-Rolled Iron (£92.5k).
Destinations: In January 2021, Inverness exported mostly to Australia (£17.9M), Faroe Islands (£1.24M), Norway (£890k), Canada (£13.8k), and Iceland (£2.82k), and imported mostly from Faroe Islands (£5M), Norway (£901k), Iceland (£837k), and South Korea (£92.5k).
Growth: In January 2021, the increase in Inverness's year-by-year exports was explained primarily by an increase in exports to Faroe Islands (£1.17M or 1.6k%) and Norway (£309k or 53.3%), and product exports increase in Animal Food (£1.2M or 6.71k%) and Particle Board (£378k or 73.9%). In January 2021, the decrease in Inverness's year-by-year imports was explained primarily by an decrease in imports from Iceland (£-2.72M or -76.5%) and Faroe Islands (£-2.69M or -35%), and product imports decrease in Non-fillet Fresh Fish (£-2.13M or -27.3%), Fish Fillets (£-276k or -93.9%), and Oxygen Amino Compounds (£-57.5k or -64.3%).