Overview: In May 2021 Idaho exported $326M and imported $634M, resulting in a negative trade balance of $308M. Between May 2020 and May 2021 the exports of Idaho have increased by $72.4M (28.5%) from $254M to $326M, while imports increased by $39.4M (6.63%) from $594M to $634M.
Trade: In May 2021, the top exports of Idaho were Semiconductor Devices ($30.9M), Developed Exposed Photographic Material ($18.6M), Other Precious Metal Products ($18.4M), Silver ($16M), and Lead Ore ($14.7M). In May 2021 the top imports of Idaho were Office Machine Parts ($255M), Particle Board ($33.8M), Blank Audio Media ($27.5M), Commodities not elsewhere specified ($26.8M), and Nitrogenous Fertilizers ($21.9M).
Destinations: In May 2021, Idaho exported mostly to Canada ($126M), Taiwan ($33.8M), Mexico ($26.5M), Singapore ($18.2M), and Japan ($17.2M), and imported mostly from Taiwan ($263M), Canada ($150M), China ($32.4M), Malaysia ($27.3M), and Singapore ($24.9M).
Growth: In May 2021, the increase in Idaho's year-by-year exports was explained primarily by an increase in exports to Canada ($31.2M or 33%), Mexico ($17.1M or 182%), and Malaysia ($6.13M or 60.6%), and product exports increase in Lead Ore ($9.82M or 200%), Concentrated Milk ($7.31M or 414%), and Semiconductor Devices ($6.08M or 24.5%). In May 2021, the increase in Idaho's year-by-year imports was explained primarily by an increase in imports from Taiwan ($131M or 99.7%), Canada ($69.5M or 86.4%), and Indonesia ($19.5M or 3.01k%), and product imports increase in Office Machine Parts ($94.4M or 58.7%), Particle Board ($29.3M or 661%), and Nitrogenous Fertilizers ($19.7M or 857%).