Overview: In January 2021 Idaho exported $307M and imported $366M, resulting in a negative trade balance of $59.7M. Between January 2020 and January 2021 the exports of Idaho have increased by $51.1M (20%) from $255M to $307M, while imports decreased by $-48.2M (-11.6%) from $414M to $366M.
Trade: In January 2021, the top exports of Idaho were Semiconductor Devices ($31.7M), Computers ($22.3M), Developed Exposed Photographic Material ($18.5M), Other Precious Metal Products ($17.3M), and Silver ($15.7M). In January 2021 the top imports of Idaho were Office Machine Parts ($90M), Blank Audio Media ($18.3M), Machines and apparatus of a kind... ($17.9M), Particle Board ($17.1M), and Other Precious Metal Products ($15.3M).
Destinations: In January 2021, Idaho exported mostly to Canada ($106M), Taiwan ($39.7M), Singapore ($34M), Mexico ($19M), and Japan ($16.5M), and imported mostly from Canada ($113M), Taiwan ($68.7M), China ($39.9M), Malaysia ($37.4M), and Singapore ($30.1M).
Growth: In January 2021, the increase in Idaho's year-by-year exports was explained primarily by an increase in exports to Canada ($39.7M or 60.1%), Australia ($7.78M or 253%), and Taiwan ($6.97M or 21.3%), and product exports increase in Computers ($20.6M or 1.18k%), Silver ($12.8M or 455%), and Other Precious Metal Products ($11.1M or 180%). In January 2021, the decrease in Idaho's year-by-year imports was explained primarily by an decrease in imports from Malaysia ($-43.6M or -53.8%), Singapore ($-39.1M or -56.5%), and United Kingdom ($-9.73M or -84.5%), and product imports decrease in Integrated Circuits ($-87.5M or -87.3%), Blank Audio Media ($-22.3M or -55%), and Electrical Resistors ($-6.7M or -78.8%).