I would certainly keep it in mind as part of my choices when buying. I often buy local (within this country) crafts for people, as that is supporting craftspeople in this country. And there are lots of choices about the type of craft, the style its' made in, and to be able to suit it to the recipient.
And food - both artisan and normal supermarket types.
If you spend money that stays in this country, it helps to support the circular economy, and even more so if you support local suppliers/shops etc. Research (which I can't remember now to point to) shows that if you spend money in local shops, a much higher proportion of it stays in the local community which supports the economic growth as a whole.
So I spend money in local butcher and baker, buying my bread and meat. That supports farmers who rear the animals and grow (some of) the grain (we don't grow enough grain anymore, and don't grow our own sugar anymore either). There are truck drivers who bring the animals to the abbatoir and on to the butcher, and move ingredients around. The abbatoir itself employs a few staff. There is packaging the ingredients and meat if it is going on shelves (less so if full sides of meat for a butchers' shop).
The money I spend in the butcher and bakery goes towards them paying their staff, their rent, their energy bills, their council rates bills etc. Council rates go on providing local services and improvements to the local area (and employing a fair few people also).
But also, the butcher and baker also need to buy things for themselves - food, clothes, entertainment etc. There are also essential services like getting hair cut, going to GP, getting medicines, other healthcare etc that can be done locally. We can choose to get our cars serviced locally also.
The more money we have in a local community, the more likelihood that we can spend our extra money, once we have bought the essentials, on non essentials like entertainment, gifts, eating out, extra clothes, services like hairdressing (beyond a basic cut)/beautician etc.
Basically, it's circular, as the money we earn goes back to the local economy, and moves around there in exchange for various goods and services which overall gives a benefit to everyone. We will all pay our taxes in this country, which gives the Govt more money to spend on supporting the healthcare system, building and maintaining the roads we all use, providing social welfare to those in greatest need etc.
But if we spend our money on Amazon buying in Chinese goods (insert other money going outside your local area or beyond the borders of the country), then there is no money going around the local businesses, so they start to fail as they can't pay their expenses. Costs will increase as people need to travel further to get to suppliers. Even if the actual costs of the goods stay the same. But if there is less competition in the marketplace, because there are fewer suppliers, those left can increase their prices as they know people have less choice and are more likely to have to go to them. Many smaller services go out of business as their customers no longer need their services (the butcher getting meat delivered from local abbatoir now works in a large supermarket earning a standard wage and gets the meat brought in from a large plant already vacuum packed for shelves - which any worker can do and eventually even the butchery counter needs fewer specialised staff, and farmers need to sell their animals to larger abbatoirs attached to those meat plants which pay less and they have higher transport costs so can't make ends meet anymore so change from rearing animals to something else, probably selling the land eventually for houses).
There will be less money for discretionary spending.
There will be less money for the local authorities from rates, and for Govt through taxes. So local and national services start to dip.
The earning potential of the country and its assets drops. Farms become houses that are owned by their occupants (or maybe some landlords). Craftspeople cannot earn a living so do a "normal" office job/stack shelves in supermarkets etc - and the skills and crafts die out. Our national deficit grows as imports grow and our potential for exports shrinks as people leave different professions/costs get too high.
It needs to be a balance.
So yes, I will look to support local as much as I can. In many different ways.