Overview: In January 2021 Portland, OR exported $274M and imported $565M, resulting in a negative trade balance of $291M. Between January 2020 and January 2021 the exports of Portland, OR have increased by $59.7M (27.9%) from $214M to $274M, while imports increased by $188M (50%) from $377M to $565M.
Trade: In January 2021, the top exports of Portland, OR 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, OR were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Portland, OR exported mostly to South Korea ($79M), Indonesia ($46.6M), Japan ($18.5M), Taiwan ($17.9M), and Philippines ($16.4M), and imported mostly from Japan ($292M), South Korea ($153M), China ($53.8M), Mexico ($36.1M), and India ($10.5M).
Growth: In January 2021, the increase in Portland, OR'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 increase in Portland, OR's year-by-year imports was explained primarily by an increase in imports from China ($1.85B or 59%), China ($1.79B or 20.1%), and Switzerland ($851M or 229%), and product imports increase in Computers ($1.32B or 78.1%), Other Precious Metal Products ($851M or 2.19k%), and Computers ($792M or 126%).