Overview: In May 2021 Savannah, GA exported $2.98B and imported $8.39B, resulting in a negative trade balance of $5.41B. Between May 2020 and May 2021 the exports of Savannah, GA have increased by $782M (35.6%) from $2.2B to $2.98B, while imports increased by $2.93B (53.6%) from $5.46B to $8.39B.
Trade: In May 2021, the top exports of Savannah, GA were Raw Cotton ($263M), Cars ($208M), Sulfate Chemical Woodpulp ($134M), Poultry Meat ($93.4M), and Packaged Medicaments ($89.4M). In May 2021 the top imports of Savannah, GA were Other Edible Preparations ($593M), Vehicle Parts ($326M), Packaged Medicaments ($290M), Other Furniture ($203M), and Large Construction Vehicles ($178M).
Destinations: In May 2021, Savannah, GA exported mostly to China ($313M), Australia ($233M), Germany ($196M), United Kingdom ($189M), and Belgium ($116M), and imported mostly from China ($1.81B), Singapore ($654M), India ($625M), Japan ($625M), and Vietnam ($569M).
Growth: In May 2021, the increase in Savannah, GA's year-by-year exports was explained primarily by an increase in exports to United Kingdom ($120M or 172%), Australia ($117M or 101%), and Brazil ($64M or 227%), and product exports increase in Cars ($136M or 189%), Raw Cotton ($134M or 103%), and Packaged Medicaments ($32M or 55.9%). In May 2021, the increase in Savannah, GA's year-by-year imports was explained primarily by an increase in imports from India ($486M or 349%), Vietnam ($269M or 89.7%), and China ($261M or 16.9%), and product imports increase in Vehicle Parts ($139M or 74.7%), Packaged Medicaments ($132M or 83.4%), and Rubber Apparel ($132M or 659%).