Overview: In January 2021 Nogales, AZ exported $963M and imported $1.63B, resulting in a negative trade balance of $664M. Between January 2020 and January 2021 the exports of Nogales, AZ have decreased by $-208M (-17.8%) from $1.17B to $963M, while imports decreased by $-326M (-16.7%) from $1.95B to $1.63B.
Trade: In January 2021, the top exports of Nogales, AZ 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 Nogales, AZ were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Nogales, AZ exported mostly to Mexico ($912M), Taiwan ($15.3M), Hong Kong ($7.78M), China ($4.68M), and Malaysia ($3.24M), and imported mostly from Mexico ($1.32B), China ($64.9M), Taiwan ($42.1M), France ($29.4M), and United Kingdom ($19.2M).
Growth: In January 2021, the decrease in Nogales, AZ's year-by-year exports was explained primarily by an decrease in exports to Canada ($-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 ($-668M or -16.5%). In January 2021, the decrease in Nogales, AZ's year-by-year imports was explained primarily by an decrease in imports from Ireland ($-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%).