Overview: In January 2021 Philadelphia, PA exported $456M and imported $2.04B, resulting in a negative trade balance of $1.58B. Between January 2020 and January 2021 the exports of Philadelphia, PA have increased by $166M (57.4%) from $290M to $456M, while imports decreased by $-179M (-8.08%) from $2.22B to $2.04B.
Trade: In January 2021, the top exports of Philadelphia, PA 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 Philadelphia, PA were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Philadelphia, PA exported mostly to China ($121M), Australia ($60.3M), United Kingdom ($29.6M), Egypt ($23.6M), and Netherlands ($23.2M), and imported mostly from South Korea ($398M), Mexico ($138M), Cote d'Ivoire ($126M), Australia ($124M), and Germany ($118M).
Growth: In January 2021, the increase in Philadelphia, PA'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 ($742M or 188%). In January 2021, the decrease in Philadelphia, PA's year-by-year imports was explained primarily by an decrease in imports from Ireland ($-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%).