Overview: In January 2021 San Francisco, CA exported $5.41B and imported $5.58B, resulting in a negative trade balance of $169M. Between January 2020 and January 2021 the exports of San Francisco, CA have increased by $382M (7.61%) from $5.03B to $5.41B, while imports decreased by $-711M (-11.3%) from $6.29B to $5.58B.
Trade: In January 2021, the top exports of San Francisco, CA 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 San Francisco, CA were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, San Francisco, CA exported mostly to China ($1.13B), South Korea ($829M), Japan ($576M), Taiwan ($433M), and Belgium ($421M), and imported mostly from China ($1.28B), South Korea ($694M), Taiwan ($619M), Japan ($560M), and Malaysia ($284M).
Growth: In January 2021, the increase in San Francisco, CA'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 ($742M or 188%). In January 2021, the decrease in San Francisco, CA's year-by-year imports was explained primarily by an decrease in imports from Ireland ($-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%).