Overview: In January 2021 Boston, MA exported $108M and imported $690M, resulting in a negative trade balance of $582M. Between January 2020 and January 2021 the exports of Boston, MA have increased by $16.2M (17.7%) from $91.5M to $108M, while imports decreased by $-176M (-20.3%) from $865M to $690M.
Trade: In January 2021, the top exports of Boston, MA 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 Boston, MA were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Boston, MA exported mostly to China ($43.6M), Brazil ($10.1M), Mexico ($6.89M), India ($6.62M), and Italy ($5.91M), and imported mostly from Canada ($131M), China ($115M), Japan ($97M), United Kingdom ($64M), and Trinidad and Tobago ($29.6M).
Growth: In January 2021, the increase in Boston, MA'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 ($742M or 188%). In January 2021, the decrease in Boston, MA's year-by-year imports was explained primarily by an decrease in imports from Ireland ($-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%).