Overview: In January 2021 Burlington, VT exported $2.77M and imported $50.7M, resulting in a negative trade balance of $47.9M. Between January 2020 and January 2021 the exports of Burlington, VT have increased by $2.11M (318%) from $663k to $2.77M, while imports increased by $35.1M (226%) from $15.6M to $50.7M.
Trade: In January 2021, the top exports of Burlington, VT 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 Burlington, VT were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Burlington, VT exported mostly to Turkey ($1.5M), United Kingdom ($439k), France ($221k), Australia ($132k), and Hong Kong ($107k), and imported mostly from Canada ($46.6M), Ethiopia ($3.2M), South Africa ($893k), and Singapore ($740).
Growth: In January 2021, the increase in Burlington, VT'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 Burlington, VT'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%).