Overview: In January 2021 Detroit, MI exported $5.8B and imported $5.71B, resulting in a positive trade balance of $89.5M. Between January 2020 and January 2021 the exports of Detroit, MI have decreased by $-288M (-4.73%) from $6.09B to $5.8B, while imports decreased by $-28.6M (-0.5%) from $5.74B to $5.71B.
Trade: In January 2021, the top exports of Detroit, MI 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 Detroit, MI were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Detroit, MI exported mostly to Canada ($5.7B), Spain ($28.6M), Germany ($20.3M), France ($10.7M), and United Kingdom ($9.42M), and imported mostly from Canada ($4.83B), China ($209M), Germany ($167M), Italy ($101M), and South Korea ($98.5M).
Growth: In January 2021, the decrease in Detroit, MI's year-by-year exports was explained primarily by an decrease in exports to Canada ($-604M or -22.6%), Netherlands ($-456M or -44.1%), and Mexico ($-453M or -5.04%), and product exports decrease in Crude Petroleum ($-1.53B or -27.3%), Refined Petroleum ($-882M or -53.2%), and Refined Petroleum ($-668M or -16.5%). In January 2021, the decrease in Detroit, MI's year-by-year imports was explained primarily by an decrease in imports from Ireland ($-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%).