Overview: In January 2021 Charlotte, NC exported $273M and imported $1.94B, resulting in a negative trade balance of $1.66B. Between January 2020 and January 2021 the exports of Charlotte, NC have decreased by $-103M (-27.3%) from $375M to $273M, while imports increased by $950M (96.3%) from $986M to $1.94B.
Trade: In January 2021, the top exports of Charlotte, NC were Crude Petroleum ($4.06B), Refined Petroleum ($3.39B), Petroleum Gas ($2.86B), Commodities not elsewhere specified ($2.51B), and Soybeans ($2.1B). In January 2021 the top imports of Charlotte, NC were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Charlotte, NC exported mostly to United Kingdom ($47.8M), Belgium ($45.5M), China ($26.6M), Netherlands ($20.3M), and Saudi Arabia ($17.8M), and imported mostly from Germany ($1.17B), China ($176M), United Kingdom ($75.8M), Ireland ($58.8M), and Japan ($48.2M).
Growth: In January 2021, the decrease in Charlotte, NC's year-by-year exports was explained primarily by an decrease in exports to Canada ($-604M or -22.6%), Netherlands ($-456M or -44.1%), and Mexico ($-453M or -5.04%), and product exports decrease in Crude Petroleum ($-1.53B or -27.3%), Refined Petroleum ($-882M or -53.2%), and Refined Petroleum ($-668M or -16.5%). In January 2021, the increase in Charlotte, NC's year-by-year imports was explained primarily by an increase in imports from China ($1.85B or 59%), China ($1.79B or 20.1%), and Switzerland ($851M or 229%), and product imports increase in Computers ($1.32B or 78.1%), Other Precious Metal Products ($851M or 2.19k%), and Computers ($792M or 126%).