Overview: In January 2021 Oklahoma exported $460M and imported $1.07B, resulting in a negative trade balance of $607M. Between January 2020 and January 2021 the exports of Oklahoma have increased by $12.1M (2.71%) from $448M to $460M, while imports decreased by $-5.13M (-0.48%) from $1.07B to $1.07B.
Trade: In January 2021, the top exports of Oklahoma were Aircraft Parts ($52.5M), Precious Metal Compounds ($42.2M), Platinum ($25.6M), Pig Meat ($19.4M), and Electric Motor Parts ($16.2M). In January 2021 the top imports of Oklahoma were Crude Petroleum ($448M), Commodities not elsewhere specified ($28.8M), Gas Turbines ($19.2M), Other Printed Material ($18.7M), and Liquid Pumps ($18.1M).
Destinations: In January 2021, Oklahoma exported mostly to Canada ($104M), Germany ($82.6M), Mexico ($37.9M), Japan ($28.5M), and South Africa ($26M), and imported mostly from Canada ($535M), China ($228M), Mexico ($61.9M), India ($22.1M), and Italy ($20.8M).
Growth: In January 2021, the increase in Oklahoma's year-by-year exports was explained primarily by an increase in exports to Germany ($27.5M or 50%), Switzerland ($13.1M or 3.53k%), and Egypt ($12.3M or 2.62k%), and product exports increase in Precious Metal Compounds ($36.1M or 593%), Electric Motor Parts ($10.4M or 177%), and Aircraft Parts ($5.79M or 12.4%). In January 2021, the decrease in Oklahoma's year-by-year imports was explained primarily by an decrease in imports from Germany ($-102M or -85.5%), Japan ($-8.58M or -50.1%), and France ($-7.19M or -44.2%), and product imports decrease in Gas Turbines ($-37.4M or -66%), Commodities not elsewhere specified ($-24M or -45.4%), and Lifting Machinery ($-11.7M or -86.7%).