Portland, Me

Overview: In January 2021 Portland, ME exported $58.2M and imported $181M, resulting in a negative trade balance of $123M. Between January 2020 and January 2021 the exports of Portland, ME have increased by $34.7M (148%) from $23.5M to $58.2M, while imports decreased by $-32.2M (-15.1%) from $214M to $181M.

Trade: In January 2021, the top exports of Portland, ME 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 Portland, ME were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).

Destinations: In January 2021, Portland, ME exported mostly to Netherlands ($27.1M), United Kingdom ($17.8M), Belgium ($3.14M), Germany ($2.81M), and Canada ($2.69M), and imported mostly from Canada ($100M), Netherlands ($16.2M), Iceland ($14.1M), Norway ($10.6M), and Germany ($7.5M).

Growth: In January 2021, the increase in Portland, ME'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 ($742M or 188%). In January 2021, the decrease in Portland, ME's year-by-year imports was explained primarily by an decrease in imports from Ireland ($-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%).