Overview: In January 2021 Fargo,Nd exported $3.06M and imported $8.83M, resulting in a negative trade balance of $5.77M. Between January 2020 and January 2021 the exports of Fargo,Nd have decreased by $-1.14M (-27.1%) from $4.2M to $3.06M, while imports increased by $100k (1.15%) from $8.73M to $8.83M.
Trade: In January 2021, the top exports of Fargo,Nd 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 Fargo,Nd were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Fargo,Nd exported mostly to Canada ($2.41M), Germany ($547k), France ($35.2k), Japan ($26.9k), and Finland ($16k), and imported mostly from France ($3.29M), Germany ($1.51M), Japan ($1.12M), Italy ($1.07M), and Canada ($740k).
Growth: In January 2021, the decrease in Fargo,Nd's year-by-year exports was explained primarily by an decrease in exports to Canada ($-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 increase in Fargo,Nd'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%).