Overview: In January 2021 Wyoming exported $107M and imported $120M, resulting in a negative trade balance of $12.5M. Between January 2020 and January 2021 the exports of Wyoming have decreased by $-9.64M (-8.26%) from $117M to $107M, while imports increased by $17.7M (17.4%) from $102M to $120M.
Trade: In January 2021, the top exports of Wyoming were Carbonates ($74.5M), Mixed Mineral or Chemical Fertilizers ($6.74M), Clays ($4.87M), Excavation Machinery ($3.28M), and Hydrogen ($1.75M). In January 2021 the top imports of Wyoming were Crude Petroleum ($58.5M), Commodities not elsewhere specified ($5.15M), Acyclic Hydrocarbons ($4.68M), Felt or Coated Fabric Garments ($3.91M), and Refrigerators ($3.16M).
Destinations: In January 2021, Wyoming exported mostly to Canada ($22M), Brazil ($13.3M), Chile ($8.45M), Australia ($8.44M), and Saudi Arabia ($7.25M), and imported mostly from Canada ($80.2M), China ($18M), Mexico ($2.66M), Turkey ($2.15M), and Germany ($1.76M).
Growth: In January 2021, the decrease in Wyoming's year-by-year exports was explained primarily by an decrease in exports to Indonesia ($-7.34M or -55.4%), Brazil ($-5.24M or -28.2%), and South Korea ($-4.86M or -94%), and product exports decrease in Carbonates ($-11.6M or -13.5%), Hydrogen ($-1.76M or -50.2%), and Other Iron Products ($-1.3M or -90.8%). In January 2021, the increase in Wyoming's year-by-year imports was explained primarily by an increase in imports from China ($7.53M or 72.1%), Canada ($2.26M or 2.9%), and Turkey ($1.32M or 160%), and product imports increase in Crude Petroleum ($4.02M or 7.39%), Felt or Coated Fabric Garments ($3.88M or 11.9k%), and Harvesting Machinery ($2.3M or 1.19k%).