Overview In August 2021 Vermont exported $210M and imported $295M, resulting in a negative trade balance of $85.1M. Between August 2020 and August 2021 the exports of Vermont have increased by $24.9M (13.4%) from $185M to $210M, while imports increased by $81.1M (37.9%) from $214M to $295M.
Trade In August 2021, the top exports of Vermont were Integrated Circuits ($107M), Sports Equipment ($12.3M), Chemical Analysis Instruments ($6.68M), Kaolin Coated Paper ($5.4M), and Mica ($5.01M). In August 2021 the top imports of Vermont were Electricity ($41.7M), Refined Petroleum ($23.9M), Chocolate ($18.1M), Integrated Circuits ($16.6M), and Commodities not elsewhere specified ($11.7M).
Destinations In August 2021, Vermont exported mostly to Canada ($72.6M), China ($27M), Taiwan ($23.1M), South Korea ($19.1M), and Hong Kong ($11.8M), and imported mostly from Canada ($178M), China ($18.9M), Turkey ($10.1M), Taiwan ($8.75M), and South Korea ($7.19M).
Growth In August 2021, the increase in Vermont's year-by-year exports was explained primarily by an increase in exports to South Korea ($8.56M or 81.1%), Netherlands ($5.7M or 160%), and Canada ($4.61M or 6.79%), and product exports increase in Integrated Circuits ($10.2M or 10.6%), Mica ($4.85M or 3.08k%), and Sports Equipment ($4.65M or 60.7%). In August 2021, the increase in Vermont's year-by-year imports was explained primarily by an increase in imports from Canada ($37.4M or 26.5%), Turkey ($5.07M or 100%), and South Korea ($4.11M or 133%), and product imports increase in Refined Petroleum ($11.4M or 90.9%), Non-Knit Men's Suits ($6.55M or 149%), and Integrated Circuits ($5.89M or 55%).