Puerto Rico

Overview In January 2024 Puerto Rico exported $1.37B and imported $1.64B, resulting in a negative trade balance of $270M. Between January 2023 and January 2024 the exports of Puerto Rico have decreased by $-465M (-25.3%) from $1.84B to $1.37B, while imports decreased by $-512M (-23.7%) from $2.16B to $1.64B.

Trade In January 2024, the top exports of Puerto Rico were Vaccines, blood, antisera, toxins and cultures ($438M), Packaged Medicaments ($434M), Hormones ($114M), Orthopedic Appliances ($68M), and Sulfonamides ($45.2M). In January 2024 the top imports of Puerto Rico were Nitrogen Heterocyclic Compounds ($473M), Cars ($162M), Refined Petroleum ($134M), Vaccines, blood, antisera, toxins and cultures ($124M), and Sulfonamides ($110M).

Destinations In January 2024, Puerto Rico exported mostly to Netherlands ($283M), Japan ($208M), Italy ($139M), Belgium ($108M), and Spain ($71.4M), and imported mostly from Ireland ($574M), Singapore ($108M), South Korea ($107M), Japan ($87.8M), and China ($86.1M).

Growth In January 2024, the decrease in Puerto Rico's year-by-year exports was explained primarily by an decrease in exports to Germany ($-56.7M or -84.9%), South Korea ($-36M or -60.1%), and Italy ($-22.3M or -29.6%), and product exports decrease in Nitrogen Heterocyclic Compounds ($-15.9M or -44.3%), Platinum ($-11.9M or -97.1%), and Hard Liquor ($-4.91M or -80.1%). In January 2024, the decrease in Puerto Rico's year-by-year imports was explained primarily by an decrease in imports from Switzerland ($-174M or -93.2%), South Korea ($-52.1M or -55.5%), and Japan ($-34M or -32.9%), and product imports decrease in Cars ($-71.9M or -46.6%), Hormones ($-26.1M or -30.3%), and Packaged Medicaments ($-20.6M or -78.5%).