Overview: In January 2021 Milwaukee, WI exported $612k and imported $19.6M, resulting in a negative trade balance of $19M. Between January 2020 and January 2021 the exports of Milwaukee, WI have decreased by $-1.28M (-67.7%) from $1.89M to $612k, while imports increased by $1.05M (5.67%) from $18.6M to $19.6M.
Trade: In January 2021, the top exports of Milwaukee, WI 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 Milwaukee, WI were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Milwaukee, WI exported mostly to Canada ($154k), China ($93.8k), Morocco ($92.8k), France ($84.1k), and South Korea ($35.8k), and imported mostly from Canada ($7.22M), Italy ($5.85M), China ($3.09M), Mexico ($1.47M), and Germany ($616k).
Growth: In January 2021, the decrease in Milwaukee, WI's year-by-year exports was explained primarily by an decrease in exports to Canada ($-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 Milwaukee, WI'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%).