Overview: In January 2021 South Carolina exported $1.81B and imported $3.81B, resulting in a negative trade balance of $2B. Between January 2020 and January 2021 the exports of South Carolina have decreased by $-741M (-29%) from $2.55B to $1.81B, while imports increased by $499M (15.1%) from $3.31B to $3.81B.
Trade: In January 2021, the top exports of South Carolina were Cars ($445M), Rubber Tires ($123M), Vehicle Parts ($100M), Precious Metal Compounds ($42.1M), and Gas Turbines ($27.8M). In January 2021 the top imports of South Carolina were Vehicle Parts ($405M), Motor-working Tools ($172M), Spark-Ignition Engines ($120M), Precious Metal Scraps ($102M), and Rubber Tires ($83.7M).
Destinations: In January 2021, South Carolina exported mostly to Canada ($277M), China ($246M), Germany ($242M), Mexico ($143M), and Belgium ($76.6M), and imported mostly from China ($563M), Germany ($540M), Mexico ($383M), Vietnam ($260M), and Canada ($252M).
Growth: In January 2021, the decrease in South Carolina's year-by-year exports was explained primarily by an decrease in exports to United Arab Emirates ($-194M or -97%), Spain ($-169M or -93%), and Malaysia ($-129M or -87.5%), and product exports decrease in Aircraft Parts ($-503M or -95.8%), Cars ($-206M or -31.7%), and Machinery Having Individual Functions ($-34.8M or -75.3%). In January 2021, the increase in South Carolina's year-by-year imports was explained primarily by an increase in imports from Vietnam ($149M or 133%), United Kingdom ($102M or 118%), and China ($58.4M or 11.6%), and product imports increase in Motor-working Tools ($96.8M or 128%), Vehicle Parts ($86.7M or 27.2%), and Precious Metal Scraps ($57.5M or 129%).