Overview: In January 2021 Richmond-Petersburg, VA exported $31.9M and imported $1.59M, resulting in a positive trade balance of $30.3M. Between January 2020 and January 2021 the exports of Richmond-Petersburg, VA have increased by $27M (546%) from $4.94M to $31.9M, while imports decreased by $-397k (-20%) from $1.99M to $1.59M.
Trade: In January 2021, the top exports of Richmond-Petersburg, VA 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 Richmond-Petersburg, VA were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Richmond-Petersburg, VA exported mostly to China ($21.6M), Hong Kong ($5.03M), Brazil ($2.13M), Cameroon ($867k), and Colombia ($815k), and imported mostly from Belgium ($1.27M), Thailand ($117k), Vietnam ($63.5k), South Africa ($55.1k), and China ($36.4k).
Growth: In January 2021, the increase in Richmond-Petersburg, VA'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 ($742M or 188%). In January 2021, the decrease in Richmond-Petersburg, VA's year-by-year imports was explained primarily by an decrease in imports from Ireland ($-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%).