Overview: In January 2021 Saginaw/Bay City, MI exported $435k and imported $27M, resulting in a negative trade balance of $26.5M. Between January 2020 and January 2021 the exports of Saginaw/Bay City, MI have increased by $319k (275%) from $116k to $435k, while imports increased by $25.8M (2.12k%) from $1.21M to $27M.
Trade: In January 2021, the top exports of Saginaw/Bay City, MI 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 Saginaw/Bay City, MI were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Saginaw/Bay City, MI exported mostly to Canada ($435k), and imported mostly from Canada ($27M).
Growth: In January 2021, the increase in Saginaw/Bay City, MI'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 Saginaw/Bay City, MI'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%).