Overview: In January 2021 Salem, MA exported $42.7k and imported $1.48M, resulting in a negative trade balance of $1.43M. Between January 2020 and January 2021 the exports of Salem, MA have increased by $14.7k (52.3%) from $28k to $42.7k, while imports decreased by $-585k (-28.4%) from $2.06M to $1.48M.
Trade: In January 2021, the top exports of Salem, MA 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 Salem, MA were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Salem, MA exported mostly to Bermuda ($42.7k), and imported mostly from China ($667k), Germany ($450k), Denmark ($134k), South Korea ($94.2k), and Italy ($43.7k).
Growth: In January 2021, the increase in Salem, MA'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 ($742M or 188%). In January 2021, the decrease in Salem, MA's year-by-year imports was explained primarily by an decrease in imports from Ireland ($-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%).