Overview: In January 2021 Newcastle Airport exported £20.9M and imported £3.34M, resulting in a positive trade balance of £17.6M. Between January 2020 and January 2021 the exports of Newcastle Airport have decreased by $-22.9M (-52.3%) from £43.8M to £20.9M, while imports decreased by £-550k (-14.2%) from £3.89M to £3.34M.
Trade: In January 2021, the top exports of Newcastle Airport were Gas Turbines (£3.61M), Laboratory Reagents (£3.57M), Packaged Medicaments (£2.68M), Blood, antisera, vaccines, toxins and cultures (£1.09M), and Breathing Appliances (£720k). In January 2021 the top imports of Newcastle Airport were Other Measuring Instruments (£323k), Machinery Having Individual Functions (£259k), Other Rubber Products (£253k), Integrated Circuits (£197k), and Ketones and Quinones (£161k).
Destinations: In January 2021, Newcastle Airport exported mostly to United States (£6.67M), Algeria (£3.74M), China (£2.62M), India (£1.16M), and Japan (£855k), and imported mostly from United States (£933k), China (£639k), Japan (£561k), Mexico (£259k), and Hong Kong (£219k).
Growth: In January 2021, the decrease in Newcastle Airport's year-by-year exports was explained primarily by an decrease in exports to China (£-16.5M or -86.3%), Saudi Arabia (£-5.6M or -94.5%), and Indonesia (£-2.23M or -99.9%), and product exports decrease in Packaged Medicaments (£-29.8M or -91.8%), Machinery Having Individual Functions (£-477k or -94.7%), and Oxygen Heterocyclic Compounds (£-339k or -99.7%). In January 2021, the decrease in Newcastle Airport's year-by-year imports was explained primarily by an decrease in imports from Taiwan (£-203k or -80.7%), China (£-186k or -22.5%), and Singapore (£-143k or -74%), and product imports decrease in Electrical Resistors (£-265k or -87.8%), Broadcasting Accessories (£-143k or -86.6%), and Wrenches (£-132k or -70.1%).