Overview: In January 2021 Sioux Falls, S.D. exported $10.5M and imported $15.4M, resulting in a negative trade balance of $4.83M. Between January 2020 and January 2021 the exports of Sioux Falls, S.D. have decreased by $-3.63M (-25.6%) from $14.2M to $10.5M, while imports increased by $9.78M (175%) from $5.58M to $15.4M.
Trade: In January 2021, the top exports of Sioux Falls, S.D. 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 Sioux Falls, S.D. were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Sioux Falls, S.D. exported mostly to Canada ($10.5M), Ireland ($31.1k), Malaysia ($12.6k), Thailand ($3.4k), and Sweden ($3.2k), and imported mostly from Canada ($9.44M), Austria ($3.9M), Germany ($618k), France ($517k), and China ($180k).
Growth: In January 2021, the decrease in Sioux Falls, S.D.'s year-by-year exports was explained primarily by an decrease in exports to Canada ($-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 Sioux Falls, S.D.'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%).