Overview: In January 2021 Arizona exported $1.72B and imported $1.98B, resulting in a negative trade balance of $268M. Between January 2020 and January 2021 the exports of Arizona have decreased by $-11.4M (-0.66%) from $1.73B to $1.72B, while imports decreased by $-488M (-19.7%) from $2.47B to $1.98B.
Trade: In January 2021, the top exports of Arizona were Integrated Circuits ($165M), Copper Ore ($158M), Aircraft Parts ($151M), Medical Instruments ($63M), and Semiconductor Devices ($54.7M). In January 2021 the top imports of Arizona were Other Vegetables ($145M), Commodities not elsewhere specified ($128M), Tomatoes ($101M), Integrated Circuits ($80.7M), and Insulated Wire ($80.6M).
Destinations: In January 2021, Arizona exported mostly to Mexico ($655M), Canada ($184M), China ($102M), Netherlands ($85.1M), and Taiwan ($53.6M), and imported mostly from Mexico ($792M), China ($251M), Canada ($157M), Taiwan ($99.1M), and Germany ($70.9M).
Growth: In January 2021, the decrease in Arizona's year-by-year exports was explained primarily by an decrease in exports to Canada ($-30.3M or -14.2%), France ($-28.1M or -50.9%), and Mexico ($-21M or -3.11%), and product exports decrease in Commodities not elsewhere specified ($-13.8M or -50.7%), Vehicle Parts ($-12.9M or -60.5%), and Low-voltage Protection Equipment ($-12.9M or -21.4%). In January 2021, the decrease in Arizona's year-by-year imports was explained primarily by an decrease in imports from Japan ($-84.4M or -54.6%), Mexico ($-77.1M or -8.87%), and Thailand ($-41.8M or -55.4%), and product imports decrease in Machines and apparatus of a kind... ($-161M or -85.6%), Precious Stones ($-121M or -99.2%), and Integrated Circuits ($-97.9M or -54.8%).