Portland, ME

Overview In January 2024 Portland, ME exported $627M and imported $1.1B, resulting in a negative trade balance of $478M. Between January 2023 and January 2024 the exports of Portland, ME have decreased by $-96.9M (-13.4%) from $724M to $627M, while imports decreased by $-50.5M (-4.37%) from $1.15B to $1.1B.

Trade In January 2024, the top exports of Portland, ME were Aircraft Parts ($202M), Insulated Wire ($51.9M), Telephones ($36.3M), Planes, Helicopters, and/or Spacecraft ($25.5M), and Orthopedic Appliances ($18.4M). In January 2024 the top imports of Portland, ME were Refined Petroleum ($335M), Planes, Helicopters, and/or Spacecraft ($74.4M), Crustaceans ($52.8M), Non-fillet Fresh Fish ($43.6M), and Commodities not elsewhere specified ($37.5M).

Destinations In January 2024, Portland, ME exported mostly to Canada ($208M), Taiwan ($82.4M), Netherlands ($70.9M), Ghana ($50M), and France ($31.8M), and imported mostly from Canada ($919M), France ($25M), Israel ($24.5M), Ireland ($18.8M), and Germany ($16.3M).

Growth In January 2024, the decrease in Portland, ME's year-by-year exports was explained primarily by an decrease in exports to Canada ($-38.4M or -13.1%), Sweden ($-6.14M or -91.4%), and Australia ($-3.83M or -93.5%), and product exports decrease in Petroleum Gas ($-63.2M or -57.2%), Fork-Lifts ($-25.5M or -90.3%), and Electricity ($-6.5M or -70.4%). In January 2024, the decrease in Portland, ME's year-by-year imports was explained primarily by an decrease in imports from France ($-52.4M or -73.7%), Germany ($-26.2M or -48.8%), and Norway ($-23.4M or -70.1%), and product imports decrease in Planes, Helicopters, and/or Spacecraft ($-84.8M or -62.7%), Commodities not elsewhere specified ($-47.8M or -45.7%), and Sawn Wood ($-30.8M or -57%).