Philadelphia, PA

Overview In January 2024 Philadelphia, PA exported $471M and imported $3.05B, resulting in a negative trade balance of $2.58B. Between January 2023 and January 2024 the exports of Philadelphia, PA have decreased by $-52M (-9.93%) from $523M to $471M, while imports increased by $54.2M (1.81%) from $3B to $3.05B.

Trade In January 2024, the top exports of Philadelphia, PA were Acyclic Hydrocarbons ($68.3M), Petroleum Gas ($55.9M), Precious Metal Scraps ($26.6M), Raw Plastic Sheeting ($18.3M), and Beauty Products ($16.7M). In January 2024 the top imports of Philadelphia, PA were Cars ($691M), Crude Petroleum ($318M), Frozen Bovine Meat ($214M), Grapes ($158M), and Cocoa Beans ($128M).

Destinations In January 2024, Philadelphia, PA exported mostly to Australia ($95.7M), United Kingdom ($52M), France ($28.1M), Brazil ($27.7M), and Dominican Republic ($22M), and imported mostly from South Korea ($659M), Australia ($231M), Brazil ($223M), New Zealand ($178M), and Peru ($158M).

Growth In January 2024, the decrease in Philadelphia, PA's year-by-year exports was explained primarily by an decrease in exports to Egypt ($-21.1M or -99.3%), South Korea ($-19.5M or -94.4%), and Portugal ($-18.1M or -99.9%), and product exports decrease in Scrap Iron ($-27.5M or -40%), Frozen Bovine Meat ($-23.3M or -92.5%), and Refined Petroleum ($-11.9M or -81.2%). In January 2024, the increase in Philadelphia, PA's year-by-year imports was explained primarily by an increase in imports from Germany ($107M or 82.8%), South Korea ($104M or 32.6%), and Mexico ($72.1M or 104%), and product imports increase in Cars ($184M or 58.2%), Crude Petroleum ($63.2M or 34.6%), and Telephones ($41.4M or 156%).