Overview: In January 2021 Maine exported $182M and imported $510M, resulting in a negative trade balance of $328M. Between January 2020 and January 2021 the exports of Maine have decreased by $-48.5M (-21.1%) from $230M to $182M, while imports decreased by $-15.9M (-3.03%) from $526M to $510M.
Trade: In January 2021, the top exports of Maine were Petroleum Gas ($21.1M), Aircraft Parts ($17.7M), Integrated Circuits ($16.7M), Commodities not elsewhere specified ($9.25M), and Crustaceans ($8.47M). In January 2021 the top imports of Maine were Refined Petroleum ($167M), Commodities not elsewhere specified ($64.3M), Electricity ($22.7M), Sawn Wood ($17.9M), and Petroleum Gas ($11.1M).
Destinations: In January 2021, Maine exported mostly to Canada ($86.9M), Malaysia ($9.24M), Singapore ($7.37M), China ($7.15M), and Germany ($6.73M), and imported mostly from Canada ($309M), Sweden ($44.7M), Germany ($17.2M), China ($16.7M), and Netherlands ($14.8M).
Growth: In January 2021, the decrease in Maine's year-by-year exports was explained primarily by an decrease in exports to Canada ($-26.9M or -23.6%), Turkey ($-11.2M or -97.5%), and China ($-9.42M or -56.9%), and product exports decrease in Scrap Iron ($-10M or -90.9%), Sulfate Chemical Woodpulp ($-7.13M or -57.6%), and Petroleum Gas ($-6.85M or -24.6%). In January 2021, the decrease in Maine's year-by-year imports was explained primarily by an decrease in imports from Canada ($-92.5M or -23%), Vietnam ($-4.19M or -45.1%), and Germany ($-3.62M or -17.4%), and product imports decrease in Refined Petroleum ($-60.7M or -26.6%), Crustaceans ($-8.36M or -43.7%), and Electricity ($-4.22M or -15.7%).