Ipswich

Overview In January 2024 Ipswich exported £6.75M and imported £8.38M, resulting in a negative trade balance of £1.62M. Between January 2023 and January 2024 the exports of Ipswich have decreased by $-8.76M (-56.5%) from £15.5M to £6.75M, while imports decreased by £-5.37M (-39.1%) from £13.7M to £8.38M.

Trade In January 2024, the top exports of Ipswich were Barley (£4.16M), Rapeseed (£1.19M), Dried Legumes (£795k), Refined Petroleum (£378k), and Liquid Pumps (£223k). In January 2024 the top imports of Ipswich were Sawn Wood (£2.29M), Soybean Meal (£1.81M), Nitrogenous Fertilizers (£1.53M), Commodities not elsewhere specified (£957k), and Sulfites (£629k).

Destinations In January 2024, Ipswich exported mostly to Ireland (£3.04M), Portugal (£1.34M), Belgium (£1.19M), Netherlands (£795k), and Denmark (£378k), and imported mostly from Sweden (£2.2M), Norway (£2.01M), Spain (£1.9M), France (£629k), and Belgium (£593k).

Growth In January 2024, the decrease in Ipswich's year-by-year exports was explained primarily by an decrease in exports to , and product exports decrease in . In January 2024, the decrease in Ipswich's year-by-year imports was explained primarily by an decrease in imports from Netherlands (£-3.63M or -91.6%), Lithuania (£-3.54M or -91.1%), and Belgium (£-2.83M or -73.6%), and product imports decrease in Sawn Wood (£-3.96M or -80.5%), Soybean Meal (£-3.44M or -69.1%), and Nitrogenous Fertilizers (£-1.77M or -73.8%).