Overview: In January 2021 Newport- Gwent exported £14.5M and imported £25.5M, resulting in a negative trade balance of £11M. Between January 2020 and January 2021 the exports of Newport- Gwent have increased by $5.68M (64.2%) from £8.84M to £14.5M, while imports decreased by £-91.3M (-78.2%) from £117M to £25.5M.
Trade: In January 2021, the top exports of Newport- Gwent were Semi-Finished Iron (£7.57M), Scrap Iron (£2.12M), Flat Flat-Rolled Steel (£1.89M), Hot-Rolled Iron (£1.23M), and Coated Flat-Rolled Iron (£1.21M). In January 2021 the top imports of Newport- Gwent were Coated Flat-Rolled Iron (£12.3M), Hot-Rolled Iron (£7.16M), Corn (£3M), Mixed Mineral or Chemical Fertilizers (£1.29M), and Wheat (£797k).
Destinations: In January 2021, Newport- Gwent exported mostly to Brazil (£7.57M), Spain (£3.58M), Netherlands (£1.81M), United States (£760k), and Mexico (£404k), and imported mostly from Turkey (£10.5M), India (£7.97M), Canada (£3M), Russia (£2.76M), and Morocco (£1.29M).
Growth: In January 2021, the increase in Newport- Gwent's year-by-year exports was explained primarily by an increase in exports to , and product exports increase in Flat Flat-Rolled Steel (£1.64M or 657%), Coated Flat-Rolled Iron (£1.17M or 2.81k%), and Cold-Rolled Iron (£298k or 153%). In January 2021, the decrease in Newport- Gwent's year-by-year imports was explained primarily by an decrease in imports from India (£-3.49M or -30.5%), and product imports decrease in Wheat (£-1.74M or -68.6%).