Overview: In December 2020 Lorain, OH exported $0 and imported $381k, resulting in a negative trade balance of $381k. Between December 2019 and December 2020 the exports of Lorain, OH have remained the same by $0 (N/A%) from $0 to $0, while imports increased by $375k (6.04k%) from $6.21k to $381k.
Trade: In December 2020, the top exports of Lorain, 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 December 2020 the top imports of Lorain, OH were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In December 2020, Lorain, OH exported mostly to N/A, and imported mostly from Indonesia ($345k) and China ($36.3k).
Growth: In December 2020, the change in Lorain, OH's year-by-year exports was explained primarily by an decrease in exports to Canada ($-604M or -22.6%), Netherlands ($-456M or -44.1%), and Mexico ($-453M or -5.04%), and product exports change 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 Lorain, 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%).