Overview: In January 2021 Connecticut exported $1.06B and imported $1.47B, resulting in a negative trade balance of $413M. Between January 2020 and January 2021 the exports of Connecticut have decreased by $-367M (-25.7%) from $1.43B to $1.06B, while imports decreased by $-47.2M (-3.1%) from $1.52B to $1.47B.
Trade: In January 2021, the top exports of Connecticut were Aircraft Parts ($360M), Machines and apparatus of a kind... ($55.6M), Commodities not elsewhere specified ($28.1M), Gas Turbines ($25.3M), and Models and Stuffed Animals ($23.2M). In January 2021 the top imports of Connecticut were Silver ($168M), Refined Petroleum ($152M), Commodities not elsewhere specified ($108M), Other Plastic Products ($44.1M), and Kaolin Coated Paper ($36.8M).
Destinations: In January 2021, Connecticut exported mostly to Germany ($283M), Canada ($123M), Mexico ($83.2M), Netherlands ($70.1M), and China ($52M), and imported mostly from Mexico ($304M), Canada ($233M), China ($189M), Germany ($84.7M), and Netherlands ($59.3M).
Growth: In January 2021, the decrease in Connecticut's year-by-year exports was explained primarily by an decrease in exports to United Kingdom ($-142M or -78.5%), France ($-131M or -85.4%), and China ($-82.5M or -61.4%), and product exports decrease in Aircraft Parts ($-138M or -27.8%), Packaged Medicaments ($-105M or -98.4%), and Commodities not elsewhere specified ($-33.4M or -54.3%). In January 2021, the decrease in Connecticut's year-by-year imports was explained primarily by an decrease in imports from Canada ($-46.2M or -16.5%), Colombia ($-45.3M or -99.4%), and Singapore ($-43.3M or -67.7%), and product imports decrease in Commodities not elsewhere specified ($-97.2M or -47.3%), Gas Turbines ($-53.5M or -64.4%), and Raw Aluminium ($-47.6M or -79%).