Overview: In January 2021 Milwaukee, WI exported $61.4M and imported $58.3M, resulting in a positive trade balance of $3.03M. Between January 2020 and January 2021 the exports of Milwaukee, WI have increased by $59.3M (2.87k%) from $2.06M to $61.4M, while imports decreased by $-17.1M (-22.7%) from $75.4M to $58.3M.
Trade: In January 2021, the top exports of Milwaukee, WI 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 Milwaukee, WI were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Milwaukee, WI exported mostly to Switzerland ($60M), Sweden ($560k), Canada ($154k), China ($102k), and Morocco ($92.8k), and imported mostly from Canada ($19.4M), China ($11.8M), Italy ($7.58M), Germany ($2.75M), and Denmark ($1.78M).
Growth: In January 2021, the increase in Milwaukee, WI'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 ($742M or 188%). In January 2021, the decrease in Milwaukee, WI's year-by-year imports was explained primarily by an decrease in imports from Ireland ($-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%).