Overview: In January 2021 Portsmouth exported £24.3M and imported £17.5M, resulting in a positive trade balance of £6.79M. Between January 2020 and January 2021 the exports of Portsmouth have increased by $11.1M (84.6%) from £13.1M to £24.3M, while imports decreased by £-16.4M (-48.4%) from £33.9M to £17.5M.
Trade: In January 2021, the top exports of Portsmouth were Compasses (£1.82M), Aircraft Parts (£1.79M), Vehicle Parts (£1.08M), Crustaceans (£917k), and Plastic Lids (£869k). In January 2021 the top imports of Portsmouth were Bananas (£8.77M), Tropical Fruits (£2.21M), Other Vegetables (£2.18M), Legumes (£689k), and Cassava (£661k).
Destinations: In January 2021, Portsmouth exported mostly to France (£11.5M), Spain (£3.75M), Barbados (£1.57M), Gibraltar (£1.33M), and Italy (£1.01M), and imported mostly from Dominican Republic (£4.52M), Colombia (£3.86M), Senegal (£3.57M), Morocco (£1.65M), and Ghana (£1.6M).
Growth: In January 2021, the increase in Portsmouth's year-by-year exports was explained primarily by an increase in exports to Gibraltar (£888k or 199%), Ghana (£412k or 163%), and Dominican Republic (£171k or 266%), and product exports increase in Vehicle Parts (£940k or 695%), Crustaceans (£860k or 1.53k%), and Baked Goods (£764k or 833%). In January 2021, the decrease in Portsmouth's year-by-year imports was explained primarily by an decrease in imports from Colombia (£-7.54M or -66.1%), Morocco (£-2.45M or -59.7%), and Guatemala (£-1.83M or -99.3%), and product imports decrease in Bananas (£-12M or -57.8%), Legumes (£-1.27M or -64.8%), and Non-Knit Women's Suits (£-1M or -86.2%).