Overview: In December 2020 Redwood City,Ca exported $7k and imported $1.69M, resulting in a negative trade balance of $1.68M. Between December 2019 and December 2020 the exports of Redwood City,Ca have decreased by $-8.29M (-99.9%) from $8.3M to $7k, while imports increased by $39.3k (2.38%) from $1.65M to $1.69M.
Trade: In December 2020, the top exports of Redwood City,Ca were Crude Petroleum ($4.06B), Refined Petroleum ($3.39B), Petroleum Gas ($2.86B), Commodities not elsewhere specified ($2.51B), and Soybeans ($2.1B). In December 2020 the top imports of Redwood City,Ca were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In December 2020, Redwood City,Ca exported mostly to N/A, and imported mostly from Canada ($722k), China ($552k), and Mexico ($416k).
Growth: In December 2020, the decrease in Redwood City,Ca's year-by-year exports was explained primarily by an decrease in exports to Canada ($-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 increase in Redwood City,Ca'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%).