Minneapolis-St. Paul, MN

Overview In January 2024 Minneapolis-St. Paul, MN exported $167M and imported $1.21B, resulting in a negative trade balance of $1.05B. Between January 2023 and January 2024 the exports of Minneapolis-St. Paul, MN have increased by $73.9M (79.3%) from $93.2M to $167M, while imports increased by $201M (19.8%) from $1.01B to $1.21B.

Trade In January 2024, the top exports of Minneapolis-St. Paul, MN were Telephones ($76.4M), Medical Instruments ($20.2M), Laboratory Reagents ($9.22M), Computers ($7.56M), and Orthopedic Appliances ($6.31M). In January 2024 the top imports of Minneapolis-St. Paul, MN were Crude Petroleum ($709M), Planes, Helicopters, and/or Spacecraft ($185M), Orthopedic Appliances ($21.1M), Telephones ($17.5M), and Precious Metal Scraps ($10.9M).

Destinations In January 2024, Minneapolis-St. Paul, MN exported mostly to Netherlands ($86.8M), Canada ($21M), Italy ($8.31M), Ireland ($8.27M), and United Kingdom ($8.19M), and imported mostly from Canada ($709M), Germany ($132M), France ($104M), China ($80.7M), and Thailand ($29.7M).

Growth In January 2024, the increase in Minneapolis-St. Paul, MN's year-by-year exports was explained primarily by an increase in exports to Germany ($6.44M or 219%), United Kingdom ($4.33M or 307%), and Ireland ($2.46M or 271%), and product exports increase in Laboratory Reagents ($8.2M or 727%), Computers ($3.25M or 278%), and Medical Instruments ($3.07M or 37%). In January 2024, the increase in Minneapolis-St. Paul, MN's year-by-year imports was explained primarily by an increase in imports from Germany ($110M or 472%), France ($92.5M or 1.6k%), and Vietnam ($12.7M or 232%), and product imports increase in Orthopedic Appliances ($7.28M or 1.46k%), Integrated Circuits ($6.96M or 2.85k%), and Harvesting Machinery ($6.25M or 460%).