Overview: In January 2021 Panama City, FL exported $39.9M and imported $147M, resulting in a negative trade balance of $107M. Between January 2020 and January 2021 the exports of Panama City, FL have increased by $7.87M (24.5%) from $32.1M to $39.9M, while imports decreased by $-66.6M (-31.2%) from $213M to $147M.
Trade: In January 2021, the top exports of Panama City, FL 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 Panama City, FL were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Panama City, FL exported mostly to Mexico ($12.3M), Costa Rica ($7.9M), Netherlands ($5.77M), Denmark ($4.69M), and Malaysia ($2.95M), and imported mostly from Chile ($101M), Mexico ($39.9M), Germany ($3.14M), Brazil ($1.11M), and Finland ($786k).
Growth: In January 2021, the increase in Panama City, FL's year-by-year exports was explained primarily by an increase in exports to China ($1.43B or 358%), China ($1.11B or 170%), and China ($656M or 116%), and product exports increase in Soybeans ($1B or 90.9%), Petroleum Gas ($936M or 48.6%), and Platinum ($742M or 188%). In January 2021, the decrease in Panama City, FL's year-by-year imports was explained primarily by an decrease in imports from Ireland ($-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%).