Overview: In January 2021 Florida exported $3.94B and imported $6.77B, resulting in a negative trade balance of $2.83B. Between January 2020 and January 2021 the exports of Florida have decreased by $-516M (-11.6%) from $4.46B to $3.94B, while imports decreased by $-771M (-10.2%) from $7.54B to $6.77B.
Trade: In January 2021, the top exports of Florida were Aircraft Parts ($398M), Telephones ($340M), Computers ($207M), Integrated Circuits ($115M), and Mixed Mineral or Chemical Fertilizers ($95.1M). In January 2021 the top imports of Florida were Cars ($449M), Telephones ($363M), Commodities not elsewhere specified ($285M), Nucleic Acids ($186M), and Fish Fillets ($183M).
Destinations: In January 2021, Florida exported mostly to Brazil ($323M), Canada ($294M), Mexico ($229M), Dominican Republic ($165M), and Chile ($152M), and imported mostly from China ($1.04B), Mexico ($572M), Germany ($401M), Vietnam ($344M), and Canada ($321M).
Growth: In January 2021, the decrease in Florida's year-by-year exports was explained primarily by an decrease in exports to United Kingdom ($-100M or -45.7%), Canada ($-58M or -16.5%), and Colombia ($-45.3M or -23%), and product exports decrease in Aircraft Parts ($-270M or -40.4%), Paintings ($-44.1M or -89.7%), and Commodities not elsewhere specified ($-30.1M or -26.1%). In January 2021, the decrease in Florida's year-by-year imports was explained primarily by an decrease in imports from Ireland ($-631M or -76.8%), United Kingdom ($-377M or -72.3%), and India ($-65.7M or -31%), and product imports decrease in Nucleic Acids ($-936M or -83.4%), Refined Petroleum ($-200M or -71.4%), and Commodities not elsewhere specified ($-110M or -27.9%).