Overview: In January 2021 Ohio exported $3.83B and imported $5.35B, resulting in a negative trade balance of $1.52B. Between January 2020 and January 2021 the exports of Ohio have decreased by $-255M (-6.26%) from $4.08B to $3.83B, while imports increased by $40.3M (0.76%) from $5.31B to $5.35B.
Trade: In January 2021, the top exports of Ohio were Soybeans ($327M), Aircraft Parts ($241M), Vehicle Parts ($219M), Cars ($177M), and Computers ($125M). In January 2021 the top imports of Ohio were Vehicle Parts ($380M), Packaged Medicaments ($329M), Commodities not elsewhere specified ($139M), Medical Instruments ($134M), and Engine Parts ($96.2M).
Destinations: In January 2021, Ohio exported mostly to Canada ($1.4B), Mexico ($490M), China ($454M), Japan ($128M), and Brazil ($119M), and imported mostly from Canada ($937M), China ($869M), Mexico ($810M), Germany ($365M), and Japan ($350M).
Growth: In January 2021, the decrease in Ohio's year-by-year exports was explained primarily by an decrease in exports to Canada ($-323M or -18.8%), Brazil ($-84.4M or -41.4%), and United Kingdom ($-66.3M or -39.2%), and product exports decrease in Aircraft Parts ($-225M or -48.3%), Computers ($-37.5M or -23%), and Cleaning Products ($-30.2M or -33.8%). In January 2021, the increase in Ohio's year-by-year imports was explained primarily by an increase in imports from Mexico ($122M or 17.7%), Canada ($56.2M or 6.38%), and China ($52.4M or 6.41%), and product imports increase in Medical Instruments ($73M or 120%), Vehicle Parts ($31.4M or 9.01%), and Other Plastic Products ($31M or 84.6%).