Overview: In January 2021 Medway exported £3.01M and imported £138M, resulting in a negative trade balance of £135M. Between January 2020 and January 2021 the exports of Medway have decreased by $-6.11M (-67%) from £9.12M to £3.01M, while imports decreased by £-215M (-60.9%) from £353M to £138M.
Trade: In January 2021, the top exports of Medway were Delivery Trucks (£860k), Barley (£614k), Dried Legumes (£470k), Cars (£373k), and Glass Scraps (£182k). In January 2021 the top imports of Medway were Petroleum Gas (£85.1M), Refined Petroleum (£32M), Newsprint (£4.16M), Bananas (£3.52M), and Other Small Iron Pipes (£1.4M).
Destinations: In January 2021, Medway exported mostly to Namibia (£844k), Netherlands (£614k), Italy (£470k), Zimbabwe (£182k), and Portugal (£137k), and imported mostly from Russia (£51.2M), United States (£24.8M), Saudi Arabia (£21.5M), Trinidad and Tobago (£14.3M), and Kuwait (£6.07M).
Growth: In January 2021, the decrease in Medway's year-by-year exports was explained primarily by an decrease in exports to Russia (£-1.92M or -97.1%), Zambia (£-581k or -84.3%), and Tanzania (£-570k or -98.7%), and product exports decrease in Tractors (£-2.76M or -94.3%), Delivery Trucks (£-670k or -43.8%), and Trailers (£-507k or -95.2%). In January 2021, the decrease in Medway's year-by-year imports was explained primarily by an decrease in imports from Russia (£-152M or -74.8%), India (£-55.5M or -99.6%), and Trinidad and Tobago (£-15.1M or -51.4%), and product imports decrease in Petroleum Gas (£-172M or -66.9%), Refined Petroleum (£-39.5M or -55.3%), and Valves (£-731k or -85.8%).