Miami, FL

Overview In January 2024 Miami, FL exported $853M and imported $1.54B, resulting in a negative trade balance of $682M. Between January 2023 and January 2024 the exports of Miami, FL have decreased by $-32.5M (-3.67%) from $886M to $853M, while imports decreased by $-204M (-11.7%) from $1.74B to $1.54B.

Trade In January 2024, the top exports of Miami, FL were Computers ($54.5M), Cars ($35.7M), Low-voltage Protection Equipment ($34.5M), Non-Retail Pure Cotton Yarn ($27.8M), and Commodities not elsewhere specified ($22.1M). In January 2024 the top imports of Miami, FL were Commodities not elsewhere specified ($62.8M), Insulated Wire ($58.4M), Knit T-shirts ($55.4M), Rolled Tobacco ($44.4M), and Low-voltage Protection Equipment ($44.3M).

Destinations In January 2024, Miami, FL exported mostly to Dominican Republic ($134M), Colombia ($96.9M), Honduras ($95.2M), Peru ($73.9M), and Guatemala ($51.7M), and imported mostly from China ($273M), Italy ($143M), Dominican Republic ($117M), Honduras ($102M), and Guatemala ($64.7M).

Growth In January 2024, the decrease in Miami, FL's year-by-year exports was explained primarily by an decrease in exports to Honduras ($-19.6M or -19.6%), Guatemala ($-9.71M or -23.2%), and Costa Rica ($-7.42M or -26.1%), and product exports decrease in Commodities not elsewhere specified ($-16M or -59.2%), Non-Retail Pure Cotton Yarn ($-13.3M or -31.9%), and Office Machine Parts ($-7.6M or -50.1%). In January 2024, the decrease in Miami, FL's year-by-year imports was explained primarily by an decrease in imports from El Salvador ($-16.1M or -31.4%), Ecuador ($-15.1M or -27.4%), and Mexico ($-11.8M or -40.7%), and product imports decrease in Crustaceans ($-13.6M or -31.8%), Knit Sweaters ($-11.2M or -12.6%), and Molluscs ($-8.34M or -63.1%).