Overview: In January 2021 Vermont exported $213M and imported $244M, resulting in a negative trade balance of $31.2M. Between January 2020 and January 2021 the exports of Vermont have increased by $11.8M (5.85%) from $201M to $213M, while imports decreased by $-36.4M (-13%) from $281M to $244M.
Trade: In January 2021, the top exports of Vermont were Integrated Circuits ($110M), Sports Equipment ($11M), Chemical Analysis Instruments ($6.3M), Chocolate ($5.68M), and Kaolin Coated Paper ($5.28M). In January 2021 the top imports of Vermont were Electricity ($48.1M), Refined Petroleum ($23M), Chocolate ($21.1M), Integrated Circuits ($13.4M), and Petroleum Gas ($11.4M).
Destinations: In January 2021, Vermont exported mostly to Canada ($71.3M), Taiwan ($32M), Hong Kong ($17.4M), China ($13.2M), and South Korea ($12.3M), and imported mostly from Canada ($168M), China ($12.7M), Taiwan ($7.97M), Turkey ($5.36M), and Vietnam ($4.97M).
Growth: In January 2021, the increase in Vermont's year-by-year exports was explained primarily by an increase in exports to Hong Kong ($15.1M or 639%), Singapore ($6.42M or 448%), and Netherlands ($3.5M or 100%), and product exports increase in Sports Equipment ($3.19M or 41%), Other Headwear ($3.08M or 539%), and Aircraft Parts ($2.87M or 148%). In January 2021, the decrease in Vermont's year-by-year imports was explained primarily by an decrease in imports from Canada ($-11.7M or -6.5%), France ($-7.68M or -75.1%), and Vietnam ($-3.99M or -44.5%), and product imports decrease in Non-Knit Men's Suits ($-17.1M or -72.4%), Electricity ($-12.1M or -20.1%), and Refined Petroleum ($-6.4M or -21.7%).