Overview: In January 2021 Montana exported $147M and imported $380M, resulting in a negative trade balance of $233M. Between January 2020 and January 2021 the exports of Montana have increased by $33.3M (29.4%) from $113M to $147M, while imports decreased by $-30M (-7.32%) from $410M to $380M.
Trade: In January 2021, the top exports of Montana were Machines and apparatus of a kind... ($18.7M), Coal Briquettes ($18.5M), Inorganic Salts ($10.6M), Dried Legumes ($10.6M), and Copper Ore ($10.5M). In January 2021 the top imports of Montana were Crude Petroleum ($231M), Commodities not elsewhere specified ($27.9M), Office Machine Parts ($15.5M), Precious Metal Scraps ($15M), and Sawn Wood ($11.9M).
Destinations: In January 2021, Montana exported mostly to Canada ($52.2M), South Korea ($30.1M), Belgium ($9.74M), China ($9.6M), and Japan ($5.35M), and imported mostly from Canada ($337M), China ($21.2M), Taiwan ($4.95M), Mexico ($3.89M), and Vietnam ($1.41M).
Growth: In January 2021, the increase in Montana's year-by-year exports was explained primarily by an increase in exports to Canada ($16M or 44.3%), Belgium ($7.86M or 418%), and South Korea ($4.71M or 18.6%), and product exports increase in Machines and apparatus of a kind... ($14.2M or 318%), Blood, antisera, vaccines, toxins and cultures ($9.26M or 4.56k%), and Copper Ore ($6.64M or 171%). In January 2021, the decrease in Montana's year-by-year imports was explained primarily by an decrease in imports from Canada ($-39.5M or -10.5%), Germany ($-9.12M or -87.3%), and Mexico ($-2.36M or -37.8%), and product imports decrease in Crude Petroleum ($-49.7M or -17.7%), Precious Metal Scraps ($-8.55M or -36.3%), and Air Pumps ($-4.13M or -87.7%).