Overview: In January 2021 Nevada exported $937M and imported $1.06B, resulting in a negative trade balance of $122M. Between January 2020 and January 2021 the exports of Nevada have increased by $161M (20.7%) from $777M to $937M, while imports increased by $126M (13.5%) from $933M to $1.06B.
Trade: In January 2021, the top exports of Nevada were Gold ($249M), Office Machine Parts ($113M), Integrated Circuits ($100M), Electric Motors ($59.7M), and Blank Audio Media ($40.5M). In January 2021 the top imports of Nevada were Telephones ($131M), Integrated Circuits ($89M), Electric Batteries ($74.9M), Computers ($57.5M), and Electrical Transformers ($35M).
Destinations: In January 2021, Nevada exported mostly to Switzerland ($246M), Mexico ($178M), China ($132M), Canada ($107M), and Germany ($37.7M), and imported mostly from China ($402M), Canada ($91.6M), South Korea ($78.7M), Mexico ($75.9M), and Taiwan ($58M).
Growth: In January 2021, the increase in Nevada's year-by-year exports was explained primarily by an increase in exports to Mexico ($110M or 159%), China ($53.9M or 69.3%), and Hungary ($21.4M or 206%), and product exports increase in Office Machine Parts ($79.3M or 234%), Electric Motors ($39.5M or 196%), and Integrated Circuits ($30.8M or 44.3%). In January 2021, the increase in Nevada's year-by-year imports was explained primarily by an increase in imports from China ($96.4M or 31.5%), South Korea ($35.5M or 82.1%), and Germany ($24.8M or 134%), and product imports increase in Telephones ($51.2M or 64.1%), Electric Batteries ($48M or 179%), and Computers ($24.9M or 76.3%).