Overview: In January 2021 Indianapolis, IN exported $96.5M and imported $368M, resulting in a negative trade balance of $272M. Between January 2020 and January 2021 the exports of Indianapolis, IN have decreased by $-16.6M (-14.7%) from $113M to $96.5M, while imports increased by $94.4M (34.4%) from $274M to $368M.
Trade: In January 2021, the top exports of Indianapolis, IN 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 Indianapolis, IN were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Indianapolis, IN exported mostly to Ireland ($50.4M), Germany ($26.2M), Switzerland ($5.16M), France ($2.34M), and Japan ($2M), and imported mostly from Switzerland ($62.4M), China ($54.7M), Germany ($51.8M), Ireland ($41.7M), and Japan ($37.3M).
Growth: In January 2021, the decrease in Indianapolis, IN's year-by-year exports was explained primarily by an decrease in exports to Canada ($-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 Indianapolis, IN'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%).