Overview: In January 2021 Albuquerque, NM exported $560k and imported $13.1k, resulting in a positive trade balance of $547k. Between January 2020 and January 2021 the exports of Albuquerque, NM have increased by $234k (71.5%) from $327k to $560k, while imports decreased by $-154k (-92.2%) from $167k to $13.1k.
Trade: In January 2021, the top exports of Albuquerque, NM 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 Albuquerque, NM were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Albuquerque, NM exported mostly to China ($116k), South Korea ($81.6k), Poland ($76.5k), Ireland ($47.2k), and Hong Kong ($46k), and imported mostly from Canada ($13.1k).
Growth: In January 2021, the increase in Albuquerque, NM'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 ($742M or 188%). In January 2021, the decrease in Albuquerque, NM's year-by-year imports was explained primarily by an decrease in imports from Ireland ($-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%).