Colorado

Overview In August 2024 Colorado exported $950M and imported $1.45B, resulting in a negative trade balance of $504M. Between August 2023 and August 2024 the exports of Colorado have increased by $33.2M (3.62%) from $917M to $950M, while imports decreased by $-241M (-14.2%) from $1.7B to $1.45B.

Trade In August 2024, the top exports of Colorado were Aircraft Parts ($67.7M), Bovine Meat ($65M), Integrated Circuits ($61.5M), Frozen Bovine Meat ($38.4M), and Pig Meat ($29.7M). In August 2024 the top imports of Colorado were Crude Petroleum ($296M), Integrated Circuits ($72.4M), Planes, Helicopters, and/or Spacecraft ($63.3M), Orthopedic Appliances ($41.4M), and Commodities not elsewhere specified ($28.9M).

Destinations In August 2024, Colorado exported mostly to Canada ($174M), Mexico ($155M), China ($73.4M), Malaysia ($54.8M), and Japan ($49.5M), and imported mostly from Canada ($471M), China ($170M), Mexico ($104M), Vietnam ($83.5M), and Germany ($72.6M).

Growth In August 2024, the increase in Colorado's year-by-year exports was explained primarily by an increase in exports to Colombia ($15.4M or 1.57k%), Japan ($12.6M or 34%), and Malaysia ($11.1M or 25.4%), and product exports increase in Soybean Meal ($14.2M or 2.46k%), Cars ($10.9M or 184%), and Centrifuges ($8.88M or 162%). In August 2024, the decrease in Colorado's year-by-year imports was explained primarily by an decrease in imports from Canada ($-144M or -23.4%), Australia ($-23.4M or -39.1%), and China ($-20.2M or -10.6%), and product imports decrease in Crude Petroleum ($-160M or -35.1%), Integrated Circuits ($-45M or -38.3%), and Bovine Meat ($-16.9M or -68.8%).