Overview: In January 2021 Tennessee exported $2.55B and imported $7.81B, resulting in a negative trade balance of $5.26B. Between January 2020 and January 2021 the exports of Tennessee have increased by $37.2M (1.48%) from $2.51B to $2.55B, while imports increased by $993M (14.6%) from $6.81B to $7.81B.
Trade: In January 2021, the top exports of Tennessee were Medical Instruments ($269M), Telephones ($222M), Cars ($156M), Orthopedic Appliances ($129M), and Raw Cotton ($76.2M). In January 2021 the top imports of Tennessee were Cars ($993M), Packaged Medicaments ($988M), Computers ($845M), Blood, antisera, vaccines, toxins and cultures ($506M), and Telephones ($390M).
Destinations: In January 2021, Tennessee exported mostly to Canada ($549M), Mexico ($312M), China ($225M), Hong Kong ($177M), and Japan ($154M), and imported mostly from China ($1.77B), Japan ($1.11B), Mexico ($871M), Canada ($583M), and Ireland ($583M).
Growth: In January 2021, the increase in Tennessee's year-by-year exports was explained primarily by an increase in exports to Hong Kong ($123M or 227%), China ($63.4M or 39.2%), and Canada ($25.5M or 4.88%), and product exports increase in Telephones ($151M or 210%), Raw Cotton ($28.3M or 59.2%), and Hydrogen ($19M or 190%). In January 2021, the increase in Tennessee's year-by-year imports was explained primarily by an increase in imports from Vietnam ($169M or 66.6%), China ($144M or 8.85%), and Germany ($117M or 45.8%), and product imports increase in Packaged Medicaments ($358M or 56.9%), Cars ($203M or 25.7%), and Computers ($162M or 23.7%).