Overview: In January 2021 Nebraska exported $580M and imported $324M, resulting in a positive trade balance of $256M. Between January 2020 and January 2021 the exports of Nebraska have increased by $13M (2.3%) from $567M to $580M, while imports decreased by $-5.52M (-1.68%) from $329M to $324M.
Trade: In January 2021, the top exports of Nebraska were Bovine Meat ($69.7M), Soybeans ($47.8M), Corn ($39.9M), Frozen Bovine Meat ($36M), and Soybean Meal ($27.4M). In January 2021 the top imports of Nebraska were Nucleic Acids ($29.5M), Nitrogen Heterocyclic Compounds ($18.7M), Tractors ($18.2M), Packaged Medicaments ($15.6M), and Other Vegetable Residues ($11.8M).
Destinations: In January 2021, Nebraska exported mostly to Mexico ($154M), Canada ($109M), Japan ($51.9M), South Korea ($44.9M), and China ($40.6M), and imported mostly from Canada ($84.3M), China ($50.3M), Mexico ($45.2M), Germany ($28.5M), and Switzerland ($24.6M).
Growth: In January 2021, the increase in Nebraska's year-by-year exports was explained primarily by an increase in exports to Mexico ($17.4M or 12.7%), South Korea ($15.7M or 53.8%), and China ($12M or 42%), and product exports increase in Corn ($18.1M or 83.2%), Wheat ($8.88M or 1.95k%), and Chemical Analysis Instruments ($8.36M or 190%). In January 2021, the decrease in Nebraska's year-by-year imports was explained primarily by an decrease in imports from United Kingdom ($-10.2M or -60.7%), Japan ($-4.21M or -14.9%), and Germany ($-3.71M or -11.5%), and product imports decrease in Refined Petroleum ($-9.41M or -87.6%), Vehicle Parts ($-6.45M or -44.3%), and Centrifuges ($-5.77M or -63.8%).