Overview In January 2024 Passo Fundo exported $165M and imported $35.1M, resulting in a positive trade balance of $130M. Between January 2023 and January 2024 the exports of Passo Fundo have decreased by $-16M (-8.81%) from $181M to $165M, while imports increased by $13M (59.2%) from $22M to $35.1M.
Trade In January 2024, the top exports of Passo Fundo were Soybeans ($86.8M), Wheat ($69.2M), Soybean Meal ($4.38M), Glycerol ($1.77M), and Glands and Other Organs ($1.05M). In January 2024 the top imports of Passo Fundo were Wheat ($13.7M), Soybeans ($7.72M), Barley ($5.01M), Soybean Oil ($4.71M), and Acyclic Alcohols ($1.65M).
Destinations In January 2024, Passo Fundo exported mostly to China ($62M), Vietnam ($50.1M), Iran ($26.6M), Philippines ($19.7M), and Thailand ($2.91M), and imported mostly from Argentina ($18.9M), Paraguay ($12.4M), Chile ($1.66M), China ($1.29M), and Spain ($360k).
Growth In January 2024, the decrease in Passo Fundo's year-by-year exports was explained primarily by an decrease in exports to China ($-16.3M or -16.9%), Saudi Arabia ($-1.83M or -4.54%), and Spain ($-638k or -7.42%), and product exports decrease in Wheat ($-43.3M or -50.4%), Soybeans ($-12.1M or -13.2%), and Glycerol ($-4.99M or -87.4%). In January 2024, the increase in Passo Fundo's year-by-year imports was explained primarily by an increase in imports from Paraguay ($440k or 307%), Italy ($75.5k or 415%), and France ($36.7k or 468%), and product imports increase in Soybean Oil ($8.45M or 12.8k%), Bovine, Sheep, and Goat Fat ($1.3M or 983%), and Glands and Other Organs ($152k or 47%).