Overview In August 2021 Tyne exported £96.3M and imported £61.3M, resulting in a positive trade balance of £34.9M. Between August 2020 and August 2021 the exports of Tyne have increased by $47.6M (97.6%) from £48.7M to £96.3M, while imports decreased by £-12.9M (-17.4%) from £74.2M to £61.3M.
Trade In August 2021, the top exports of Tyne were Scrap Iron (£16.2M), Gas Turbines (£6.66M), Other Electrical Machinery (£5.9M), Micro-Organism Culture Preparations (£5.58M), and Commodities not elsewhere specified (£3.52M). In August 2021 the top imports of Tyne were Large Construction Vehicles (£17.2M), Fuel Wood (£6.93M), Cars (£6.4M), Electric Batteries (£5.46M), and Plywood (£3.84M).
Destinations In August 2021, Tyne exported mostly to Netherlands (£23.3M), Turkey (£14.7M), United States (£13.6M), Mexico (£10.1M), and Germany (£5.8M), and imported mostly from Japan (£24.6M), China (£11.9M), Canada (£6.93M), Morocco (£5.32M), and Kenya (£1.8M).
Growth In August 2021, the increase in Tyne's year-by-year exports was explained primarily by an increase in exports to Turkey (£14.4M or 4.64k%), United States (£13.6M or 91.6k%), and Mexico (£8M or 383%), and product exports increase in Scrap Iron (£15.7M or 3.29k%), Micro-Organism Culture Preparations (£5.26M or 1.62k%), and Other Electrical Machinery (£3.5M or 146%). In August 2021, the decrease in Tyne's year-by-year imports was explained primarily by an decrease in imports from United States (£-12.9M or -97.7%), Canada (£-6.68M or -49.1%), and Chile (£-1.73M or -54.3%), and product imports decrease in Fuel Wood (£-19.5M or -73.8%), Wine (£-2.39M or -56%), and Interchangeable Tool Parts (£-1.34M or -73.2%).