Overview: In January 2021 Santa Teresa, NM exported $953M and imported $1.32B, resulting in a negative trade balance of $365M. Between January 2020 and January 2021 the exports of Santa Teresa, NM have decreased by $-196M (-17%) from $1.15B to $953M, while imports decreased by $-115M (-8.01%) from $1.43B to $1.32B.
Trade: In January 2021, the top exports of Santa Teresa, NM 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 Santa Teresa, NM were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Santa Teresa, NM exported mostly to Mexico ($953M), and imported mostly from Mexico ($1.28B), China ($18.8M), South Korea ($5.86M), Thailand ($2.76M), and Malaysia ($2.69M).
Growth: In January 2021, the decrease in Santa Teresa, NM's year-by-year exports was explained primarily by an decrease in exports to Canada ($-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 ($-668M or -16.5%). In January 2021, the decrease in Santa Teresa, NM's year-by-year imports was explained primarily by an decrease in imports from Ireland ($-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%).