Overview: In January 2021 West Palm Beach, FL exported $120M and imported $70M, resulting in a positive trade balance of $50.5M. Between January 2020 and January 2021 the exports of West Palm Beach, FL have decreased by $-29.4M (-19.6%) from $150M to $120M, while imports increased by $16.7M (31.4%) from $53.2M to $70M.
Trade: In January 2021, the top exports of West Palm Beach, FL 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 West Palm Beach, FL were Computers ($3.02B), Cars ($2.77B), Cars ($2.56B), Telephones ($2.28B), and Cars ($1.82B).
Destinations: In January 2021, West Palm Beach, FL exported mostly to Bahamas ($49.3M), Cayman Islands ($12.2M), Trinidad and Tobago ($7.84M), Barbados ($7.1M), and Turks and Caicos Islands ($6M), and imported mostly from Italy ($25.1M), United Kingdom ($13.2M), Bahamas ($9.18M), Canada ($4.41M), and Australia ($3.35M).
Growth: In January 2021, the decrease in West Palm Beach, FL's year-by-year exports was explained primarily by an decrease in exports to Canada ($-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 West Palm Beach, FL'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%).