Overview: In January 2021 Nogales, AZ exported $788M and imported $1.13B, resulting in a negative trade balance of $343M. Between January 2020 and January 2021 the exports of Nogales, AZ have decreased by $-88.7M (-10.1%) from $877M to $788M, while imports decreased by $-295M (-20.7%) from $1.43B to $1.13B.
Trade: In January 2021, the top exports of Nogales, AZ 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 Nogales, AZ were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Nogales, AZ exported mostly to Mexico ($788M), France ($106k), Ireland ($92.6k), Singapore ($36.2k), and Italy ($3.43k), and imported mostly from Mexico ($1.1B), China ($12M), Germany ($5.03M), France ($4.24M), and Poland ($2.85M).
Growth: In January 2021, the decrease in Nogales, AZ's year-by-year exports was explained primarily by an decrease in exports to Canada ($-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 ($-668M or -16.5%). In January 2021, the decrease in Nogales, AZ's year-by-year imports was explained primarily by an decrease in imports from Ireland ($-641M or -63.5%), Ireland ($-631M or -76.8%), and Mexico ($-502M or -5.79%), and product imports decrease in Crude Petroleum ($-995M or -52.5%), Nucleic Acids ($-936M or -83.4%), and Crude Petroleum ($-748M or -34.7%).