Overview: In January 2021 Portland, ME exported $345M and imported $1.14B, resulting in a negative trade balance of $796M. Between January 2020 and January 2021 the exports of Portland, ME have increased by $50.1M (17%) from $295M to $345M, while imports increased by $230M (25.2%) from $912M to $1.14B.
Trade: In January 2021, the top exports of Portland, ME 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 Portland, ME were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Portland, ME exported mostly to Canada ($192M), United Kingdom ($57M), Netherlands ($27.2M), Indonesia ($15.3M), and China ($9.06M), and imported mostly from Canada ($606M), United Arab Emirates ($176M), France ($74.3M), Sweden ($44.7M), and Ireland ($42.8M).
Growth: In January 2021, the increase in Portland, ME'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 increase in Portland, ME'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%).