Overview: In January 2021 Minneapolis, MN exported $71.5M and imported $1.15B, resulting in a negative trade balance of $1.08B. Between January 2020 and January 2021 the exports of Minneapolis, MN have decreased by $-67.2M (-48.5%) from $139M to $71.5M, while imports increased by $702k (0.061%) from $1.15B to $1.15B.
Trade: In January 2021, the top exports of Minneapolis, MN 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 Minneapolis, MN were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Minneapolis, MN exported mostly to Canada ($26.2M), Costa Rica ($8.2M), Netherlands ($5.91M), India ($3.67M), and Ireland ($3.42M), and imported mostly from Canada ($381M), China ($301M), France ($45M), Germany ($44.3M), and Taiwan ($42.1M).
Growth: In January 2021, the decrease in Minneapolis, MN's year-by-year exports was explained primarily by an decrease in exports to Canada ($-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 Minneapolis, MN'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%).