Overview: In January 2021 Indiana exported $3.12B and imported $6.38B, resulting in a negative trade balance of $3.26B. Between January 2020 and January 2021 the exports of Indiana have increased by $73.4M (2.41%) from $3.05B to $3.12B, while imports increased by $1.09B (20.6%) from $5.29B to $6.38B.
Trade: In January 2021, the top exports of Indiana were Packaged Medicaments ($377M), Blood, antisera, vaccines, toxins and cultures ($255M), Vehicle Parts ($218M), Cars ($166M), and Aircraft Parts ($139M). In January 2021 the top imports of Indiana were Blood, antisera, vaccines, toxins and cultures ($1.24B), Packaged Medicaments ($863M), Vehicle Parts ($269M), Hormones ($269M), and Nucleic Acids ($216M).
Destinations: In January 2021, Indiana exported mostly to Canada ($958M), Mexico ($398M), China ($262M), Germany ($200M), and Japan ($135M), and imported mostly from Ireland ($1.72B), Canada ($732M), China ($635M), Denmark ($580M), and Mexico ($412M).
Growth: In January 2021, the increase in Indiana's year-by-year exports was explained primarily by an increase in exports to Germany ($88.3M or 78.9%), China ($79.1M or 43.2%), and Ireland ($74.7M or 462%), and product exports increase in Packaged Medicaments ($88.3M or 30.6%), Cars ($53.1M or 47.2%), and Blood, antisera, vaccines, toxins and cultures ($31.4M or 14%). In January 2021, the increase in Indiana's year-by-year imports was explained primarily by an increase in imports from Ireland ($715M or 71.4%), Canada ($110M or 17.7%), and Australia ($68.4M or 147%), and product imports increase in Blood, antisera, vaccines, toxins and cultures ($449M or 56.9%), Packaged Medicaments ($183M or 26.9%), and Nucleic Acids ($127M or 142%).