Overview: In January 2021 Mississippi exported $891M and imported $1.42B, resulting in a negative trade balance of $532M. Between January 2020 and January 2021 the exports of Mississippi have decreased by $-89.5M (-9.13%) from $980M to $891M, while imports increased by $109M (8.3%) from $1.31B to $1.42B.
Trade: In January 2021, the top exports of Mississippi were Refined Petroleum ($177M), Raw Cotton ($129M), Medical Instruments ($71.4M), Other Coloring Matter ($67.4M), and Sulfate Chemical Woodpulp ($31M). In January 2021 the top imports of Mississippi were Crude Petroleum ($144M), Refined Petroleum ($91M), Seats ($66.1M), Vehicle Parts ($59.1M), and Electric Heaters ($51.3M).
Destinations: In January 2021, Mississippi exported mostly to Canada ($154M), Mexico ($111M), China ($72.3M), Panama ($48.6M), and Brazil ($42.3M), and imported mostly from China ($353M), Mexico ($159M), Russia ($87.2M), Vietnam ($78.2M), and Canada ($73.2M).
Growth: In January 2021, the decrease in Mississippi's year-by-year exports was explained primarily by an decrease in exports to Panama ($-21.8M or -31%), Netherlands ($-18.7M or -36.9%), and Belgium ($-12.8M or -24.7%), and product exports decrease in Refined Petroleum ($-69M or -28.1%), Cars ($-17.8M or -43.9%), and Medical Instruments ($-9.77M or -12%). In January 2021, the increase in Mississippi's year-by-year imports was explained primarily by an increase in imports from Colombia ($51M or 2.7k%), China ($46.2M or 15.1%), and Malaysia ($26.1M or 101%), and product imports increase in Crude Petroleum ($99M or 220%), Hydrometers ($17.8M or 693%), and Air Pumps ($16.2M or 134%).