Overview: In January 2021 South Dakota exported $137M and imported $135M, resulting in a positive trade balance of $1.92M. Between January 2020 and January 2021 the exports of South Dakota have increased by $18.3M (15.5%) from $118M to $137M, while imports increased by $53.5M (65.8%) from $81.3M to $135M.
Trade: In January 2021, the top exports of South Dakota were Pig Meat ($24.5M), Starch Residue ($7.08M), Soybean Meal ($6.86M), Other Prepared Meat ($6.79M), and Soybeans ($6M). In January 2021 the top imports of South Dakota were Other Engines ($16.1M), Other Prepared Meat ($15.5M), Computers ($11.9M), Sawn Wood ($5.76M), and Other Wood Articles ($3.54M).
Destinations: In January 2021, South Dakota exported mostly to Canada ($44.1M), Mexico ($29.1M), China ($17.4M), Japan ($11.9M), and Germany ($5.24M), and imported mostly from Canada ($41.8M), China ($31.7M), Mexico ($18.2M), Brazil ($16M), and Germany ($3.52M).
Growth: In January 2021, the increase in South Dakota's year-by-year exports was explained primarily by an increase in exports to China ($7.76M or 80.4%), Japan ($6.46M or 118%), and Canada ($2.64M or 6.38%), and product exports increase in Pig Meat ($9.35M or 61.7%), Other Prepared Meat ($4.18M or 160%), and Specialized Vehicles ($2.67M or 240%). In January 2021, the increase in South Dakota's year-by-year imports was explained primarily by an increase in imports from Mexico ($15.3M or 530%), Canada ($12.3M or 41.9%), and China ($12.1M or 61.7%), and product imports increase in Other Engines ($15.1M or 1.49k%), Computers ($10.6M or 807%), and Other Prepared Meat ($9.53M or 160%).