Providence, Ri

Overview: In January 2021 Providence, RI exported $18.5M and imported $570M, resulting in a negative trade balance of $552M. Between January 2020 and January 2021 the exports of Providence, RI have decreased by $-3.51M (-15.9%) from $22M to $18.5M, while imports decreased by $-117M (-17%) from $687M to $570M.

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

Destinations: In January 2021, Providence, RI exported mostly to Mexico ($6.74M), Nigeria ($6.23M), Turkey ($3M), Benin ($2.01M), and Ghana ($213k), and imported mostly from Mexico ($270M), Japan ($86.8M), Germany ($75.9M), Canada ($48.8M), and Slovakia ($38.2M).

Growth: In January 2021, the decrease in Providence, RI'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 Providence, RI'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%).