Overview In January 2024 United States exported $161B and imported $254B, resulting in a negative trade balance of $93.2B. Between January 2023 and January 2024 the exports of United States have decreased by $-4.9B (-2.96%) from $165B to $161B, while imports decreased by $-554M (-0.22%) from $254B to $254B.
Trade In January 2024, the top exports of United States were Refined Petroleum ($9.51B), Crude Petroleum ($9.3B), Aircraft Parts ($8.6B), Petroleum Gas ($5.62B), and Commodities not elsewhere specified ($4.69B). In January 2024 the top imports of United States were Cars ($17.1B), Crude Petroleum ($13.7B), Commodities not elsewhere specified ($9.74B), Computers ($8.74B), and Telephones ($8.54B).
Origins In January 2024 the exports of United States were mainly from Texas ($36.7B), California ($13.9B), Louisiana ($7.85B), New York ($7.71B), and Illinois ($6.4B), while imports destinations were mainly California ($36.9B), Texas ($30.4B), Illinois ($17.4B), Michigan ($14.4B), and New Jersey ($12B).
Destinations In January 2024, United States exported mostly to Mexico ($26.5B), Canada ($26.3B), China ($12.1B), Netherlands ($6.94B), and United Kingdom ($6.63B), and imported mostly from Mexico ($38B), China ($35.8B), Canada ($33.3B), Japan ($12.6B), and Germany ($12.4B).
Growth In January 2024, the decrease in United States's year-by-year exports was explained primarily by an decrease in exports to Canada ($-1.04B or -3.81%), China ($-1.02B or -7.79%), and Belgium ($-1.02B or -27.5%), and product exports decrease in Petroleum Gas ($-2.26B or -28.7%), Soybeans ($-2.05B or -39.1%), and Nitrogen Heterocyclic Compounds ($-1.2B or -79.8%). In January 2024, the decrease in United States's year-by-year imports was explained primarily by an decrease in imports from China ($-2.46B or -6.43%), Canada ($-1.15B or -3.34%), and Germany ($-1.07B or -7.93%), and product imports decrease in Telephones ($-2.64B or -23.6%), Refined Petroleum ($-1.53B or -25.6%), and Packaged Medicaments ($-727M or -8.45%).
