Overview In July 2021 South Dakota exported $143M and imported $141M, resulting in a positive trade balance of $2.18M. Between July 2020 and July 2021 the exports of South Dakota have increased by $39.6M (38.3%) from $103M to $143M, while imports increased by $31M (28.2%) from $110M to $141M.
Trade In July 2021, the top exports of South Dakota were Pig Meat ($17.5M), Starch Residue ($13.3M), Soybean Meal ($9.94M), Alcohol > 80% ABV ($8.74M), and Corn ($6.93M). In July 2021 the top imports of South Dakota were Other Prepared Meat ($31.5M), Sawn Wood ($5.99M), Ethylene Polymers ($4.28M), Telephones ($3.3M), and Computers ($3.29M).
Destinations In July 2021, South Dakota exported mostly to Canada ($56.2M), Mexico ($37.2M), China ($11.6M), Japan ($9.04M), and Germany ($2.61M), and imported mostly from Canada ($47.8M), Brazil ($31.4M), China ($24.9M), Germany ($6.08M), and Mexico ($4.36M).
Growth In July 2021, the increase in South Dakota's year-by-year exports was explained primarily by an increase in exports to Canada ($9.48M or 20.3%), Mexico ($8.05M or 27.6%), and Japan ($7.65M or 547%), and product exports increase in Pig Meat ($9.77M or 127%), Corn ($6.73M or 3.46k%), and Clays ($4.49M or 553%). In July 2021, the increase in South Dakota's year-by-year imports was explained primarily by an increase in imports from Brazil ($20.7M or 193%), Canada ($15.6M or 48.6%), and India ($1.89M or 167%), and product imports increase in Other Prepared Meat ($21.1M or 201%), Sawn Wood ($3.71M or 163%), and Ethylene Polymers ($3.37M or 368%).