Overview: In January 2021 Chicago, IL exported $4.91B and imported $19.9B, resulting in a negative trade balance of $15B. Between January 2020 and January 2021 the exports of Chicago, IL have increased by $1.05B (27.1%) from $3.87B to $4.91B, while imports increased by $4.14B (26.3%) from $15.7B to $19.9B.
Trade: In January 2021, the top exports of Chicago, IL 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 Chicago, IL were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Chicago, IL exported mostly to China ($1.23B), Germany ($509M), Japan ($503M), Netherlands ($300M), and United Kingdom ($200M), and imported mostly from China ($6.93B), Ireland ($2.17B), Canada ($1.82B), Germany ($1.57B), and Japan ($1.28B).
Growth: In January 2021, the increase in Chicago, IL's year-by-year exports was explained primarily by an increase in exports to China ($1.43B or 358%), China ($1.11B or 170%), and China ($656M or 116%), and product exports increase in Soybeans ($1B or 90.9%), Petroleum Gas ($936M or 48.6%), and Platinum ($742M or 188%). In January 2021, the increase in Chicago, IL'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%).