Overview: In January 2021 Delaware exported $293M and imported $1.05B, resulting in a negative trade balance of $753M. Between January 2020 and January 2021 the exports of Delaware have increased by $16M (5.77%) from $277M to $293M, while imports increased by $356M (51.6%) from $690M to $1.05B.
Trade: In January 2021, the top exports of Delaware were Chemical Analysis Instruments ($41.5M), Packaged Medicaments ($18.7M), Other Plastic Products ($16.2M), Bananas ($13.2M), and Computers ($12M). In January 2021 the top imports of Delaware were Packaged Medicaments ($452M), Crude Petroleum ($108M), Nucleic Acids ($90.4M), Nitrogen Heterocyclic Compounds ($37.2M), and Bananas ($27.7M).
Destinations: In January 2021, Delaware exported mostly to China ($46.2M), Canada ($46.1M), Germany ($24M), Japan ($17.4M), and Taiwan ($13.7M), and imported mostly from Switzerland ($440M), Belgium ($93.5M), Mexico ($74.6M), Canada ($63.5M), and China ($51.7M).
Growth: In January 2021, the increase in Delaware's year-by-year exports was explained primarily by an increase in exports to China ($18.1M or 64.3%), Luxembourg ($9.79M or 19.7k%), and Uruguay ($4.59M or 2.61k%), and product exports increase in Other Plastic Products ($14.4M or 795%), Chemical Analysis Instruments ($12M or 40.5%), and Paintings ($9.19M or 56k%). In January 2021, the increase in Delaware's year-by-year imports was explained primarily by an increase in imports from Switzerland ($358M or 435%), Belgium ($70.7M or 311%), and Mexico ($16.8M or 29%), and product imports increase in Packaged Medicaments ($318M or 239%), Nucleic Acids ($69.6M or 335%), and Nitrogen Heterocyclic Compounds ($24.1M or 184%).