Overview: In January 2021 Cleveland, OH exported $3.16B and imported $2.61B, resulting in a positive trade balance of $556M. Between January 2020 and January 2021 the exports of Cleveland, OH have decreased by $-282M (-8.18%) from $3.44B to $3.16B, while imports increased by $474M (22.2%) from $2.13B to $2.61B.
Trade: In January 2021, the top exports of Cleveland, OH 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 Cleveland, OH were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Cleveland, OH exported mostly to Canada ($669M), Germany ($368M), United Kingdom ($178M), China ($154M), and France ($149M), and imported mostly from N/A.
Growth: In January 2021, the decrease in Cleveland, OH's year-by-year exports was explained primarily by an decrease in exports to N/A, and product exports decrease in N/A. In January 2021, the increase in Cleveland, OH'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%).