Overview: In January 2021 Chicago, IL exported $4.87B and imported $16.5B, resulting in a negative trade balance of $11.7B. Between January 2020 and January 2021 the exports of Chicago, IL have increased by $1.02B (26.5%) from $3.85B to $4.87B, while imports increased by $3.74B (29.3%) from $12.8B to $16.5B.
Trade: In January 2021, the top exports of Chicago, IL 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 Chicago, IL were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Chicago, IL exported mostly to China ($1.23B), Japan ($503M), Germany ($476M), Netherlands ($299M), and United Kingdom ($200M), and imported mostly from China ($6.47B), Ireland ($2.25B), Germany ($1.23B), Japan ($946M), and Canada ($840M).
Growth: In January 2021, the increase in Chicago, IL'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 Chicago, IL'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%).