Overview: In January 2021 Miami, FL exported $4.66B and imported $3.73B, resulting in a positive trade balance of $932M. Between January 2020 and January 2021 the exports of Miami, FL have decreased by $-116M (-2.44%) from $4.78B to $4.66B, while imports decreased by $-153M (-3.95%) from $3.88B to $3.73B.
Trade: In January 2021, the top exports of Miami, FL 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 Miami, FL were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Miami, FL exported mostly to Brazil ($924M), Chile ($424M), Colombia ($307M), Dominican Republic ($285M), and Argentina ($222M), and imported mostly from China ($535M), Colombia ($285M), Dominican Republic ($216M), Chile ($190M), and Vietnam ($171M).
Growth: In January 2021, the decrease in Miami, FL's year-by-year exports was explained primarily by an decrease in exports to Canada ($-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 ($-668M or -16.5%). In January 2021, the decrease in Miami, FL's year-by-year imports was explained primarily by an decrease in imports from Ireland ($-641M or -63.5%), Ireland ($-631M or -76.8%), and Mexico ($-502M or -5.79%), and product imports decrease in Crude Petroleum ($-995M or -52.5%), Nucleic Acids ($-936M or -83.4%), and Crude Petroleum ($-748M or -34.7%).