Overview: In January 2021 International Falls, MN exported $325M and imported $875M, resulting in a negative trade balance of $550M. Between January 2020 and January 2021 the exports of International Falls, MN have increased by $21.4M (7.04%) from $303M to $325M, while imports increased by $10.5M (1.22%) from $864M to $875M.
Trade: In January 2021, the top exports of International Falls, MN 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 International Falls, MN were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, International Falls, MN exported mostly to Canada ($211M), China ($30.1M), Thailand ($28M), Japan ($14M), and Indonesia ($13.8M), and imported mostly from Canada ($772M), China ($45.8M), Vietnam ($43.4M), Taiwan ($3.86M), and Japan ($3.05M).
Growth: In January 2021, the increase in International Falls, MN'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 International Falls, MN'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%).