Overview: In January 2021 Ipswich exported £1.71M and imported £2.5M, resulting in a negative trade balance of £794k. Between January 2020 and January 2021 the exports of Ipswich have increased by $1.05M (159%) from £659k to £1.71M, while imports decreased by £-2.69M (-51.7%) from £5.19M to £2.5M.
Trade: In January 2021, the top exports of Ipswich were Barley (£1.06M), Rice (£390k), and Refined Petroleum (£261k). In January 2021 the top imports of Ipswich were Soybean Meal (£895k), Fuel Wood (£601k), Phosphatic Fertilizers (£481k), Carbonates (£393k), and Granite (£125k).
Destinations: In January 2021, Ipswich exported mostly to Belgium (£872k), Netherlands (£577k), and Denmark (£261k), and imported mostly from Norway (£1.02M), Russia (£601k), Morocco (£481k), Turkey (£393k), and China (£10.6k).
Growth: In January 2021, the increase in Ipswich's year-by-year exports was explained primarily by an increase in exports to , and product exports increase in . In January 2021, the decrease in Ipswich's year-by-year imports was explained primarily by an decrease in imports from Russia (£-891k or -59.7%) and Morocco (£-334k or -41%), and product imports decrease in .