Overview: In January 2021 Colorado exported $652M and imported $1.11B, resulting in a negative trade balance of $455M. Between January 2020 and January 2021 the exports of Colorado have decreased by $-347M (-34.7%) from $999M to $652M, while imports increased by $38.1M (3.56%) from $1.07B to $1.11B.
Trade: In January 2021, the top exports of Colorado were Integrated Circuits ($64.1M), Bovine Meat ($51M), Frozen Bovine Meat ($27.7M), Medical Instruments ($26.3M), and Pig Meat ($25.1M). In January 2021 the top imports of Colorado were Crude Petroleum ($168M), Integrated Circuits ($120M), Planes, Helicopters, and/or Spacecraft ($50.4M), Computers ($44.6M), and Telephones ($38.2M).
Destinations: In January 2021, Colorado exported mostly to Mexico ($113M), Canada ($108M), China ($50.3M), Malaysia ($45.7M), and South Korea ($42.4M), and imported mostly from Canada ($299M), China ($141M), Mexico ($110M), Taiwan ($75.8M), and Switzerland ($52.8M).
Growth: In January 2021, the decrease in Colorado's year-by-year exports was explained primarily by an decrease in exports to Netherlands ($-12.3M or -54.8%), South Korea ($-10.8M or -20.2%), and Vietnam ($-9.2M or -77.3%), and product exports decrease in Planes, Helicopters, and/or Spacecraft ($-342M or -97.7%), Aircraft Parts ($-32M or -82.1%), and Medical Instruments ($-6.59M or -20.1%). In January 2021, the increase in Colorado's year-by-year imports was explained primarily by an increase in imports from Taiwan ($24.8M or 48.6%), Vietnam ($22.5M or 76.4%), and South Korea ($21.3M or 127%), and product imports increase in Integrated Circuits ($67.4M or 129%), Planes, Helicopters, and/or Spacecraft ($23.8M or 89.2%), and Rubber Footwear ($19.2M or 475%).