Overview: In January 2021 Savannah, GA exported $2.19B and imported $7.67B, resulting in a negative trade balance of $5.49B. Between January 2020 and January 2021 the exports of Savannah, GA have decreased by $-77.2M (-3.41%) from $2.27B to $2.19B, while imports increased by $1.21B (18.7%) from $6.46B to $7.67B.
Trade: In January 2021, the top exports of Savannah, GA 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 Savannah, GA were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Savannah, GA exported mostly to China ($316M), Germany ($147M), Australia ($109M), United Kingdom ($88.1M), and India ($78.4M), and imported mostly from China ($2.03B), Vietnam ($565M), South Korea ($550M), Japan ($548M), and India ($519M).
Growth: In January 2021, the decrease in Savannah, GA's year-by-year exports was explained primarily by an decrease in exports to Canada ($-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 Savannah, GA'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%).