Overview: In January 2021 North Dakota exported $451M and imported $233M, resulting in a positive trade balance of $218M. Between January 2020 and January 2021 the exports of North Dakota have decreased by $-131M (-22.5%) from $582M to $451M, while imports decreased by $-37.9M (-14%) from $271M to $233M.
Trade: In January 2021, the top exports of North Dakota were Refined Petroleum ($160M), Crude Petroleum ($65.4M), Tractors ($25.6M), Wheat ($24.8M), and Soil Preparation Machinery ($15.7M). In January 2021 the top imports of North Dakota were Commodities not elsewhere specified ($29.1M), Rapeseed ($19.3M), Buses ($13.7M), Precious Metal Scraps ($13M), and Air Pumps ($9.25M).
Destinations: In January 2021, North Dakota exported mostly to Canada ($326M), Mexico ($44.1M), Australia ($24.8M), China ($13.5M), and Germany ($6.13M), and imported mostly from Canada ($166M), Mexico ($11.1M), China ($10.1M), Thailand ($7.55M), and Germany ($7.43M).
Growth: In January 2021, the decrease in North Dakota's year-by-year exports was explained primarily by an decrease in exports to Canada ($-200M or -38.1%), Kazakhstan ($-4.8M or -86.7%), and Spain ($-1.55M or -73.2%), and product exports decrease in Crude Petroleum ($-139M or -68%), Refined Petroleum ($-81.7M or -33.8%), and Soybean Meal ($-2.08M or -90.9%). In January 2021, the decrease in North Dakota's year-by-year imports was explained primarily by an decrease in imports from Canada ($-17.5M or -9.57%), Poland ($-8.49M or -97.3%), and Malaysia ($-5.79M or -94.1%), and product imports decrease in Integrated Circuits ($-10.7M or -91.9%), Precious Metal Scraps ($-10.5M or -44.7%), and Commodities not elsewhere specified ($-9.69M or -25%).