Overview: In December 2020 Searsport, ME exported $5.14M and imported $22.1M, resulting in a negative trade balance of $16.9M. Between December 2019 and December 2020 the exports of Searsport, ME have increased by $5.14M (N/A%) from $0 to $5.14M, while imports decreased by $-34.6M (-61%) from $56.7M to $22.1M.
Trade: In December 2020, the top exports of Searsport, ME were Crude Petroleum ($4.06B), Refined Petroleum ($3.39B), Petroleum Gas ($2.86B), Commodities not elsewhere specified ($2.51B), and Soybeans ($2.1B). In December 2020 the top imports of Searsport, ME were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In December 2020, Searsport, ME exported mostly to N/A, and imported mostly from Canada ($21.2M) and Chile ($877k).
Growth: In December 2020, the increase in Searsport, ME'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 ($742M or 188%). In January 2021, the decrease in Searsport, ME's year-by-year imports was explained primarily by an decrease in imports from Ireland ($-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%).