Overview: In January 2021 Kentucky exported $2B and imported $4.45B, resulting in a negative trade balance of $2.45B. Between January 2020 and January 2021 the exports of Kentucky have decreased by $-472M (-19.1%) from $2.48B to $2B, while imports increased by $172M (4.01%) from $4.28B to $4.45B.
Trade: In January 2021, the top exports of Kentucky were Aircraft Parts ($550M), Blood, antisera, vaccines, toxins and cultures ($99M), Vehicle Parts ($86.3M), Cars ($82.8M), and Delivery Trucks ($69.7M). In January 2021 the top imports of Kentucky were Blood, antisera, vaccines, toxins and cultures ($819M), Packaged Medicaments ($545M), Commodities not elsewhere specified ($277M), Vehicle Parts ($206M), and Computers ($184M).
Destinations: In January 2021, Kentucky exported mostly to Canada ($502M), United Kingdom ($196M), China ($195M), Mexico ($178M), and Brazil ($138M), and imported mostly from Japan ($577M), China ($521M), Mexico ($519M), Ireland ($384M), and Canada ($338M).
Growth: In January 2021, the decrease in Kentucky's year-by-year exports was explained primarily by an decrease in exports to United Kingdom ($-170M or -46.4%), Brazil ($-159M or -53.6%), and France ($-154M or -60.2%), and product exports decrease in Aircraft Parts ($-660M or -54.5%), Vehicle Parts ($-22.7M or -20.8%), and Delivery Trucks ($-18M or -20.5%). In January 2021, the increase in Kentucky's year-by-year imports was explained primarily by an increase in imports from Japan ($153M or 36.2%), China ($108M or 26.1%), and Singapore ($79.9M or 96.3%), and product imports increase in Blood, antisera, vaccines, toxins and cultures ($220M or 36.8%), Packaged Medicaments ($123M or 29.2%), and Video and Card Games ($93.9M or 1.2k%).