Overview: In January 2021 Los Angeles, CA exported $8.36B and imported $25.7B, resulting in a negative trade balance of $17.4B. Between January 2020 and January 2021 the exports of Los Angeles, CA have decreased by $-460M (-5.21%) from $8.82B to $8.36B, while imports increased by $1.41B (5.81%) from $24.3B to $25.7B.
Trade: In January 2021, the top exports of Los Angeles, CA 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 Los Angeles, CA were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Los Angeles, CA exported mostly to China ($1.97B), Japan ($941M), South Korea ($747M), Hong Kong ($502M), and Taiwan ($495M), and imported mostly from China ($11.2B), Vietnam ($2.44B), Japan ($2B), Taiwan ($1.4B), and South Korea ($1.12B).
Growth: In January 2021, the decrease in Los Angeles, CA's year-by-year exports was explained primarily by an decrease in exports to Canada ($-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 Los Angeles, CA'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%).