Chicago, IL

Overview In January 2024 Chicago, IL exported $6.27B and imported $19.3B, resulting in a negative trade balance of $13B. Between January 2023 and January 2024 the exports of Chicago, IL have increased by $265M (4.4%) from $6.01B to $6.27B, while imports decreased by $-1.6B (-7.67%) from $20.9B to $19.3B.

Trade In January 2024, the top exports of Chicago, IL were Hormones ($876M), Packaged Medicaments ($739M), Aircraft Parts ($505M), Vaccines, blood, antisera, toxins and cultures ($444M), and Medical Instruments ($356M). In January 2024 the top imports of Chicago, IL were Vaccines, blood, antisera, toxins and cultures ($3.59B), Telephones ($3.09B), Crude Petroleum ($1.75B), Packaged Medicaments ($1.74B), and Computers ($1.52B).

Destinations In January 2024, Chicago, IL exported mostly to China ($1.08B), Italy ($688M), Germany ($616M), Japan ($574M), and United Kingdom ($374M), and imported mostly from China ($4.18B), Ireland ($3.28B), Canada ($1.79B), Germany ($1.46B), and Singapore ($969M).

Growth In January 2024, the increase in Chicago, IL's year-by-year exports was explained primarily by an increase in exports to China ($365M or 39.1%), Germany ($339M or 72.5%), and Japan ($152M or 25.3%), and product exports increase in Packaged Medicaments ($470M or 77.6%), Hormones ($399M or 561%), and Integrated Circuits ($67.7M or 135%). In January 2024, the decrease in Chicago, IL's year-by-year imports was explained primarily by an decrease in imports from China ($-1.82B or -22.9%), Ireland ($-653M or -22.6%), and Vietnam ($-347M or -38.6%), and product imports decrease in Computers ($-955M or -41.9%), Hormones ($-575M or -83.3%), and Nucleic Acids ($-363M or -93.9%).