Overview: In January 2021 Hawaii exported $18M and imported $178M, resulting in a negative trade balance of $160M. Between January 2020 and January 2021 the exports of Hawaii have decreased by $-10.9M (-37.6%) from $28.9M to $18M, while imports increased by $9.09M (5.38%) from $169M to $178M.
Trade: In January 2021, the top exports of Hawaii were Crustaceans ($2.94M), Coffee ($1.83M), Water ($1.07M), Aircraft Parts ($802k), and Scrap Iron ($795k). In January 2021 the top imports of Hawaii were Crude Petroleum ($77.5M), Cars ($26.9M), Refined Petroleum ($10.9M), Other Furniture ($5.16M), and Asphalt Mixtures ($4.46M).
Destinations: In January 2021, Hawaii exported mostly to Japan ($5.04M), Hong Kong ($3.41M), South Korea ($1.74M), Taiwan ($1.03M), and India ($952k), and imported mostly from Russia ($77.5M), Japan ($32.6M), South Korea ($13.3M), Canada ($11M), and China ($10.5M).
Growth: In January 2021, the decrease in Hawaii's year-by-year exports was explained primarily by an decrease in exports to Hong Kong ($-4.99M or -59.4%), Taiwan ($-2.48M or -70.7%), and China ($-1.73M or -76.1%), and product exports decrease in Paintings ($-10.5M or -99.8%), Other Nuts ($-1.98M or -87.7%), and Aircraft Parts ($-806k or -50.1%). In January 2021, the increase in Hawaii's year-by-year imports was explained primarily by an increase in imports from Japan ($10.7M or 48.6%), Philippines ($1.2M or 64.1%), and Canada ($1.1M or 11.1%), and product imports increase in Cars ($9.52M or 54.6%), Other Furniture ($1.42M or 38.1%), and Large Construction Vehicles ($1.21M or 1.23k%).