Overview: In January 2021 Cleveland, OH exported $3.73B and imported $8.23B, resulting in a negative trade balance of $4.5B. Between January 2020 and January 2021 the exports of Cleveland, OH have decreased by $-495M (-11.7%) from $4.23B to $3.73B, while imports increased by $510M (6.61%) from $7.72B to $8.23B.
Trade: In January 2021, the top exports of Cleveland, OH 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 Cleveland, OH were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Cleveland, OH exported mostly to Canada ($701M), Germany ($423M), United Kingdom ($239M), China ($188M), and Netherlands ($169M), and imported mostly from China ($1.71B), Japan ($743M), Malaysia ($614M), Germany ($608M), and Ireland ($469M).
Growth: In January 2021, the decrease in Cleveland, OH's year-by-year exports was explained primarily by an decrease in exports to Canada ($-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 Cleveland, OH'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%).