Puerto Rico

Overview In September 2024 Puerto Rico exported $1.7B and imported $1.47B, resulting in a positive trade balance of $237M. Between September 2023 and September 2024 the exports of Puerto Rico have decreased by $-341M (-16.7%) from $2.04B to $1.7B, while imports decreased by $-927M (-38.7%) from $2.39B to $1.47B.

Trade In September 2024, the top exports of Puerto Rico were Vaccines, blood, antisera, toxins and cultures ($609M), Packaged Medicaments ($502M), Low-voltage Protection Equipment ($93.6M), Orthopedic Appliances ($82.5M), and Hormones ($78.2M). In September 2024 the top imports of Puerto Rico were Refined Petroleum ($227M), Sulfonamides ($133M), Nucleic Acids ($130M), Vaccines, blood, antisera, toxins and cultures ($93.6M), and Nitrogen Heterocyclic Compounds ($75M).

Destinations In September 2024, Puerto Rico exported mostly to Spain ($248M), Netherlands ($246M), Japan ($137M), Italy ($129M), and Ireland ($126M), and imported mostly from Ireland ($328M), Singapore ($126M), China ($82.2M), Canada ($68.8M), and Dominican Republic ($67.2M).

Growth In September 2024, the decrease in Puerto Rico's year-by-year exports was explained primarily by an decrease in exports to Spain ($-251M or -50.3%), South Korea ($-174M or -92.1%), and Belgium ($-130M or -64.6%), and product exports decrease in Packaged Medicaments ($-382M or -43.2%), Vaccines, blood, antisera, toxins and cultures ($-91M or -13%), and Hormones ($-44.4M or -36.2%). In September 2024, the decrease in Puerto Rico's year-by-year imports was explained primarily by an decrease in imports from Ireland ($-786M or -70.6%), Portugal ($-103M or -98.9%), and Japan ($-48.4M or -62.6%), and product imports decrease in Nitrogen Heterocyclic Compounds ($-926M or -92.5%), Unpackaged Medicaments ($-129M or -79.2%), and Planes, Helicopters, and/or Spacecraft ($-69.1M or -100%).