Mississippi

Overview In January 2024 Mississippi exported $1.03B and imported $1.65B, resulting in a negative trade balance of $624M. Between January 2023 and January 2024 the exports of Mississippi have decreased by $-94.8M (-8.43%) from $1.13B to $1.03B, while imports increased by $134M (8.79%) from $1.52B to $1.65B.

Trade In January 2024, the top exports of Mississippi were Refined Petroleum ($352M), Raw Cotton ($73.4M), Medical Instruments ($70.9M), Sulfate Chemical Woodpulp ($40M), and Other Coloring Matter ($35.5M). In January 2024 the top imports of Mississippi were Crude Petroleum ($126M), Medical Instruments ($89.6M), Motor vehicles; parts and accessories (8701... ($86.9M), Pig Iron ($66.6M), and Orthopedic Appliances ($65.5M).

Destinations In January 2024, Mississippi exported mostly to Panama ($163M), Mexico ($158M), Canada ($155M), Honduras ($79.8M), and China ($60.2M), and imported mostly from China ($256M), Mexico ($189M), Canada ($137M), Vietnam ($93.8M), and Ireland ($87.6M).

Growth In January 2024, the decrease in Mississippi's year-by-year exports was explained primarily by an decrease in exports to Mexico ($-32.6M or -20.1%), Canada ($-22.1M or -12.5%), and Nigeria ($-11.1M or -96.7%), and product exports decrease in Other Coloring Matter ($-38M or -60.7%), Raw Cotton ($-30.5M or -41.9%), and Gas Turbines ($-20.2M or -99.2%). In January 2024, the increase in Mississippi's year-by-year imports was explained primarily by an increase in imports from Brazil ($72.1M or 686%), India ($55.2M or 345%), and Canada ($35.8M or 31.6%), and product imports increase in Semiconductor Devices ($31.2M or 192%), Special Pharmaceuticals ($22.1M or 80.3%), and Planes, Helicopters, and/or Spacecraft ($19.5M or 48.8k%).