Overview In February 2024 Porto Velho exported $42.8M and imported $88.8M, resulting in a negative trade balance of $46M. Between February 2023 and February 2024 the exports of Porto Velho have decreased by $-18M (-29.6%) from $60.9M to $42.8M, while imports increased by $35.4M (66.4%) from $53.4M to $88.8M.
Trade In February 2024, the top exports of Porto Velho were Soybeans ($39.4M), Corn ($1.18M), Wooden Tool Handles ($922k), Shaped Wood ($848k), and Sawn Wood ($304k). In February 2024 the top imports of Porto Velho were Onions ($5.98M), Planes, Helicopters, and/or Spacecraft ($5.33M), Rubber Tires ($4.28M), Concentrated Milk ($3.94M), and Petroleum Coke ($2.6M).
Destinations In February 2024, Porto Velho exported mostly to China ($39.2M), United States ($939k), Costa Rica ($843k), Mexico ($727k), and Algeria ($246k), and imported mostly from China ($32.5M), Argentina ($14.7M), United States ($7.16M), Malaysia ($3.52M), and Italy ($2.82M).
Growth In February 2024, the decrease in Porto Velho's year-by-year exports was explained primarily by an decrease in exports to United States ($-558k or -67.5%), Mexico ($-297k or -64.1%), and France ($-231k or -58.5%), and product exports decrease in Shaped Wood ($-970k or -72.7%), Wooden Tool Handles ($-570k or -70.1%), and Liquid Pumps ($-43.4k or -99.3%). In February 2024, the increase in Porto Velho's year-by-year imports was explained primarily by an increase in imports from China ($4.2M or 18%), Colombia ($3.98M or 634%), and Argentina ($3.15M or 88%), and product imports increase in Onions ($1.74M or 109%), Knit Sweaters ($1.17M or 846%), and Machinery Having Individual Functions ($1.08M or 7.85k%).