Puerto Rico

Overview In August 2024 Puerto Rico exported $3.13B and imported $2.2B, resulting in a positive trade balance of $930M. Between August 2023 and August 2024 the exports of Puerto Rico have increased by $1.09B (53.3%) from $2.04B to $3.13B, while imports increased by $74M (3.48%) from $2.12B to $2.2B.

Trade In August 2024, the top exports of Puerto Rico were Vaccines, blood, antisera, toxins and cultures ($1.76B), Packaged Medicaments ($844M), Orthopedic Appliances ($86.9M), Hormones ($80.7M), and Medical Instruments ($55M). In August 2024 the top imports of Puerto Rico were Nitrogen Heterocyclic Compounds ($358M), Sulfonamides ($289M), Refined Petroleum ($276M), Vaccines, blood, antisera, toxins and cultures ($194M), and Packaged Medicaments ($123M).

Destinations In August 2024, Puerto Rico exported mostly to Italy ($832M), Spain ($482M), Netherlands ($461M), Japan ($336M), and Panama ($165M), and imported mostly from Ireland ($665M), Singapore ($216M), Italy ($123M), South Korea ($102M), and China ($89.8M).

Growth In August 2024, the increase in Puerto Rico's year-by-year exports was explained primarily by an increase in exports to Italy ($694M or 501%), Japan ($239M or 247%), and Panama ($154M or 1.4k%), and product exports increase in Vaccines, blood, antisera, toxins and cultures ($1.24B or 237%), Antibiotics ($17.1M or 107%), and Other Precious Metal Products ($16.6M or 1.02k%). In August 2024, the increase in Puerto Rico's year-by-year imports was explained primarily by an increase in imports from Finland ($85.2M or 11.4k%), Singapore ($76.5M or 54.9%), and Nigeria ($58.4M or 251%), and product imports increase in Sulfonamides ($270M or 1.4k%), Refined Petroleum ($102M or 59.1%), and Vaccines, blood, antisera, toxins and cultures ($72.3M or 59.3%).