Overview: In January 2021 Pennsylvania exported $3.2B and imported $7.94B, resulting in a negative trade balance of $4.74B. Between January 2020 and January 2021 the exports of Pennsylvania have decreased by $-7.81M (-0.24%) from $3.2B to $3.2B, while imports increased by $624M (8.52%) from $7.31B to $7.94B.
Trade: In January 2021, the top exports of Pennsylvania were Blood, antisera, vaccines, toxins and cultures ($207M), Petroleum Gas ($175M), Packaged Medicaments ($156M), Liquid Pumps ($122M), and Telephones ($73.6M). In January 2021 the top imports of Pennsylvania were Packaged Medicaments ($1.58B), Blood, antisera, vaccines, toxins and cultures ($514M), Telephones ($462M), Cars ($435M), and Platinum ($361M).
Destinations: In January 2021, Pennsylvania exported mostly to Canada ($870M), Mexico ($363M), China ($294M), United Kingdom ($121M), and Germany ($119M), and imported mostly from China ($1.37B), Canada ($850M), Switzerland ($841M), Mexico ($541M), and South Korea ($509M).
Growth: In January 2021, the decrease in Pennsylvania's year-by-year exports was explained primarily by an decrease in exports to India ($-141M or -74.3%), United Kingdom ($-111M or -47.9%), and Belgium ($-71.8M or -51.4%), and product exports decrease in Coal Briquettes ($-114M or -76.6%), Platinum ($-72.2M or -78.5%), and Nickel Bars ($-33.2M or -80.9%). In January 2021, the increase in Pennsylvania's year-by-year imports was explained primarily by an increase in imports from Switzerland ($306M or 57.3%), China ($253M or 22.7%), and Belgium ($142M or 59.7%), and product imports increase in Packaged Medicaments ($508M or 47.5%), Platinum ($277M or 331%), and Telephones ($147M or 46.8%).