Overview: In January 2021 Tucson, AZ exported $3.35M and imported $33.4M, resulting in a negative trade balance of $30M. Between January 2020 and January 2021 the exports of Tucson, AZ have decreased by $-59.8M (-94.7%) from $63.1M to $3.35M, while imports decreased by $-3.8M (-10.2%) from $37.2M to $33.4M.
Trade: In January 2021, the top exports of Tucson, AZ 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 Tucson, AZ were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Tucson, AZ exported mostly to China ($609k), France ($291k), Germany ($286k), United Arab Emirates ($236k), and Hong Kong ($233k), and imported mostly from France ($22.3M), Norway ($5.42M), Canada ($3.56M), Germany ($955k), and Denmark ($535k).
Growth: In January 2021, the decrease in Tucson, AZ's year-by-year exports was explained primarily by an decrease in exports to Canada ($-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 ($-668M or -16.5%). In January 2021, the decrease in Tucson, AZ's year-by-year imports was explained primarily by an decrease in imports from Ireland ($-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%).