Overview: In January 2021 Baltimore, MD exported $1.1B and imported $3.65B, resulting in a negative trade balance of $2.56B. Between January 2020 and January 2021 the exports of Baltimore, MD have increased by $87.9M (8.71%) from $1.01B to $1.1B, while imports increased by $642M (21.3%) from $3.01B to $3.65B.
Trade: In January 2021, the top exports of Baltimore, MD 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 Baltimore, MD were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Baltimore, MD exported mostly to Australia ($116M), China ($76.3M), India ($70M), United Kingdom ($67.3M), and France ($46.4M), and imported mostly from Germany ($575M), China ($341M), Mexico ($337M), Japan ($336M), and United Kingdom ($264M).
Growth: In January 2021, the increase in Baltimore, MD'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 Baltimore, MD'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%).