Overview: In January 2021 Maryland exported $1.17B and imported $2.82B, resulting in a negative trade balance of $1.65B. Between January 2020 and January 2021 the exports of Maryland have increased by $82.3M (7.57%) from $1.09B to $1.17B, while imports increased by $408M (16.9%) from $2.41B to $2.82B.
Trade: In January 2021, the top exports of Maryland were Petroleum Gas ($141M), Aircraft Parts ($119M), Planes, Helicopters, and/or Spacecraft ($101M), Laboratory Reagents ($84.6M), and Blood, antisera, vaccines, toxins and cultures ($31.6M). In January 2021 the top imports of Maryland were Cars ($1.01B), Laboratory Reagents ($131M), Telephones ($88.2M), Other Furniture ($53.8M), and Raw Aluminium ($51.8M).
Destinations: In January 2021, Maryland exported mostly to Canada ($134M), France ($129M), Saudi Arabia ($109M), Netherlands ($94.1M), and China ($85.8M), and imported mostly from Germany ($448M), Mexico ($313M), Japan ($280M), China ($210M), and Canada ($194M).
Growth: In January 2021, the increase in Maryland's year-by-year exports was explained primarily by an increase in exports to Saudi Arabia ($87.7M or 414%), United Kingdom ($47.5M or 183%), and China ($46.2M or 117%), and product exports increase in Laboratory Reagents ($45.2M or 115%), Petroleum Gas ($28.4M or 25.2%), and Coal Briquettes ($28.1M or 1.23k%). In January 2021, the increase in Maryland's year-by-year imports was explained primarily by an increase in imports from Germany ($183M or 68.7%), Mexico ($114M or 57.4%), and Lithuania ($92.4M or 527%), and product imports increase in Cars ($297M or 41.7%), Laboratory Reagents ($103M or 367%), and Machinery Having Individual Functions ($39.1M or 370%).