Rhode Island

Overview In October 2024 Rhode Island exported $232M and imported $924M, resulting in a negative trade balance of $692M. Between October 2023 and October 2024 the exports of Rhode Island have decreased by $-31.5M (-12%) from $264M to $232M, while imports increased by $82.2M (9.76%) from $842M to $924M.

Trade In October 2024, the top exports of Rhode Island were Precious Metal Scraps ($42.5M), Scrap Iron ($21M), Jewellery ($17.8M), Vaccines, blood, antisera, toxins and cultures ($10.7M), and Recreational Boats ($9.85M). In October 2024 the top imports of Rhode Island were Cars ($428M), Medical Instruments ($131M), Refined Petroleum ($121M), Eyewear ($10.2M), and Electrical Transformers ($9.06M).

Destinations In October 2024, Rhode Island exported mostly to Canada ($35.3M), Italy ($27.7M), Turkey ($21.2M), Dominican Republic ($20.9M), and Mexico ($13.2M), and imported mostly from Germany ($200M), Canada ($142M), Mexico ($110M), Costa Rica ($102M), and Japan ($87.9M).

Growth In October 2024, the decrease in Rhode Island's year-by-year exports was explained primarily by an decrease in exports to Turkey ($-14.5M or -40.6%), Japan ($-10.6M or -47.7%), and Dominican Republic ($-6.74M or -24.4%), and product exports decrease in Vaccines, blood, antisera, toxins and cultures ($-19.8M or -64.8%), Scrap Iron ($-14.8M or -41.3%), and Jewellery ($-5.23M or -22.7%). In October 2024, the increase in Rhode Island's year-by-year imports was explained primarily by an increase in imports from Canada ($40.2M or 39.7%), Costa Rica ($20.9M or 25.6%), and Germany ($19.6M or 10.9%), and product imports increase in Refined Petroleum ($62.9M or 108%), Medical Instruments ($42.5M or 47.9%), and Electrical Transformers ($8.29M or 1.08k%).