Overview: In January 2021 Phoenix, AZ exported $47.2M and imported $32.9M, resulting in a positive trade balance of $14.4M. Between January 2020 and January 2021 the exports of Phoenix, AZ have decreased by $-80.8M (-63.1%) from $128M to $47.2M, while imports decreased by $-46.8M (-58.8%) from $79.7M to $32.9M.
Trade: In January 2021, the top exports of Phoenix, 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 Phoenix, AZ were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Phoenix, AZ exported mostly to Taiwan ($15.1M), Hong Kong ($7.55M), China ($4.07M), Malaysia ($3.24M), and France ($2.14M), and imported mostly from Mexico ($16.4M), Chile ($4.45M), United Kingdom ($1.58M), Canada ($1.33M), and Czechia ($1.29M).
Growth: In January 2021, the decrease in Phoenix, AZ's year-by-year exports was explained primarily by an decrease in exports to Canada ($-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 ($-668M or -16.5%). In January 2021, the decrease in Phoenix, AZ's year-by-year imports was explained primarily by an decrease in imports from Ireland ($-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%).