Overview: In January 2021 Wisconsin exported $1.86B and imported $2.3B, resulting in a negative trade balance of $441M. Between January 2020 and January 2021 the exports of Wisconsin have increased by $229M (14.1%) from $1.63B to $1.86B, while imports increased by $159M (7.43%) from $2.14B to $2.3B.
Trade: In January 2021, the top exports of Wisconsin were Aircraft Parts ($76.4M), Vehicle Parts ($50.2M), Harvesting Machinery ($44.4M), X-Ray Equipment ($43.4M), and Blood, antisera, vaccines, toxins and cultures ($43M). In January 2021 the top imports of Wisconsin were Motor-working Tools ($132M), Blood, antisera, vaccines, toxins and cultures ($96.7M), Commodities not elsewhere specified ($59.8M), Medical Instruments ($43.6M), and Electrical Transformers ($37.2M).
Destinations: In January 2021, Wisconsin exported mostly to Canada ($547M), Mexico ($230M), China ($135M), Japan ($71.1M), and Switzerland ($69.5M), and imported mostly from China ($567M), Canada ($409M), Mexico ($210M), Germany ($147M), and Vietnam ($144M).
Growth: In January 2021, the increase in Wisconsin's year-by-year exports was explained primarily by an increase in exports to Switzerland ($64.2M or 1.2k%), China ($48M or 55.2%), and Canada ($32.9M or 6.4%), and product exports increase in Aircraft Parts ($48M or 169%), Blood, antisera, vaccines, toxins and cultures ($24.4M or 131%), and Large Construction Vehicles ($22.9M or 227%). In January 2021, the increase in Wisconsin's year-by-year imports was explained primarily by an increase in imports from China ($97.9M or 20.9%), Vietnam ($55.4M or 62.2%), and Canada ($36.8M or 9.91%), and product imports increase in Motor-working Tools ($97.8M or 284%), Chemical Analysis Instruments ($15.6M or 181%), and Sawn Wood ($15.6M or 124%).