Overview: In January 2021 Van Buren, ME exported $3.06M and imported $15.3M, resulting in a negative trade balance of $12.3M. Between January 2020 and January 2021 the exports of Van Buren, ME have decreased by $-155k (-4.81%) from $3.21M to $3.06M, while imports increased by $1.13M (7.96%) from $14.2M to $15.3M.
Trade: In January 2021, the top exports of Van Buren, 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 January 2021 the top imports of Van Buren, ME were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, Van Buren, ME exported mostly to Canada ($3.03M) and United Kingdom ($28k), and imported mostly from Canada ($15.1M), Mexico ($143k), Japan ($20k), and India ($6.33k).
Growth: In January 2021, the decrease in Van Buren, ME's year-by-year exports was explained primarily by an decrease in exports to Canada ($-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 Van Buren, ME'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%).