Overview: In January 2021 Sault Ste. Marie, MI exported $112M and imported $155M, resulting in a negative trade balance of $43.3M. Between January 2020 and January 2021 the exports of Sault Ste. Marie, MI have decreased by $-16.9M (-13.1%) from $129M to $112M, while imports increased by $15.5M (11.1%) from $140M to $155M.
Trade: In January 2021, the top exports of Sault Ste. Marie, 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 Sault Ste. Marie, MI were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Sault Ste. Marie, MI exported mostly to Canada ($112M) and China ($57.1k), and imported mostly from Canada ($153M), Finland ($450k), Thailand ($313k), Sweden ($240k), and Italy ($218k).
Growth: In January 2021, the decrease in Sault Ste. Marie, MI's year-by-year exports was explained primarily by an decrease in exports to Canada ($-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 Sault Ste. Marie, 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%).