Overview In July 2021 Massachusetts exported $2.54B and imported $4.3B, resulting in a negative trade balance of $1.76B. Between July 2020 and July 2021 the exports of Massachusetts have increased by $610M (31.6%) from $1.93B to $2.54B, while imports increased by $1.15B (36.4%) from $3.15B to $4.3B.
Trade In July 2021, the top exports of Massachusetts were Blood, antisera, vaccines, toxins and cultures ($229M), Machines and apparatus of a kind... ($219M), Medical Instruments ($214M), Integrated Circuits ($160M), and Centrifuges ($124M). In July 2021 the top imports of Massachusetts were Paintings ($365M), Refined Petroleum ($331M), Medical Instruments ($251M), Crustaceans ($241M), and Other Precious Metal Products ($183M).
Destinations In July 2021, Massachusetts exported mostly to China ($337M), Mexico ($267M), Canada ($243M), Germany ($165M), and Netherlands ($137M), and imported mostly from Canada ($1.16B), Italy ($438M), Mexico ($369M), China ($368M), and Germany ($195M).
Growth In July 2021, the increase in Massachusetts's year-by-year exports was explained primarily by an increase in exports to China ($111M or 48.7%), Mexico ($87M or 48.2%), and Ireland ($66M or 157%), and product exports increase in Blood, antisera, vaccines, toxins and cultures ($198M or 641%), Integrated Circuits ($86.5M or 117%), and Machines and apparatus of a kind... ($65M or 42.1%). In July 2021, the increase in Massachusetts's year-by-year imports was explained primarily by an increase in imports from Canada ($404M or 53.7%), Italy ($373M or 579%), and Japan ($81.5M or 99.6%), and product imports increase in Paintings ($363M or 15.3k%), Refined Petroleum ($191M or 137%), and Crustaceans ($76.2M or 46.3%).