Chicago, IL

Overview In January 2024 Chicago, IL exported $6.37B and imported $24.2B, resulting in a negative trade balance of $17.8B. Between January 2023 and January 2024 the exports of Chicago, IL have increased by $215M (3.5%) from $6.16B to $6.37B, while imports decreased by $-779M (-3.12%) from $25B to $24.2B.

Trade In January 2024, the top exports of Chicago, IL were Hormones ($876M), Packaged Medicaments ($739M), Aircraft Parts ($520M), Vaccines, blood, antisera, toxins and cultures ($444M), and Medical Instruments ($398M). In January 2024 the top imports of Chicago, IL were Crude Petroleum ($3.63B), Vaccines, blood, antisera, toxins and cultures ($3.58B), Telephones ($2.55B), Packaged Medicaments ($1.98B), and Commodities not elsewhere specified ($1.41B).

Destinations In January 2024, Chicago, IL exported mostly to China ($1.09B), Italy ($688M), Germany ($651M), Japan ($575M), and United Kingdom ($374M), and imported mostly from China ($4.22B), Canada ($3.67B), Ireland ($3.17B), Germany ($1.83B), and Japan ($1.3B).

Growth In January 2024, the increase in Chicago, IL's year-by-year exports was explained primarily by an increase in exports to China ($373M or 39.9%), Germany ($307M or 56.7%), and Japan ($153M or 25.5%), and product exports increase in Packaged Medicaments ($470M or 77.6%), Hormones ($399M or 561%), and Integrated Circuits ($63.6M or 117%). In January 2024, the decrease in Chicago, IL's year-by-year imports was explained primarily by an decrease in imports from China ($-2.19B or -27.5%), Ireland ($-858M or -30.8%), and Vietnam ($-221M or -27%), and product imports decrease in Computers ($-724M or -39.2%), Telephones ($-580M or -13.9%), and Hormones ($-575M or -83.3%).