Overview In January 2023, United States exported $6.09B and imported $11B from Japan, resulting in a negative trade balance of $4.94B. Between January 2022 and January 2023 the exports of United States have increased by $162M (2.73%) from $5.93B to $6.09B, while imports decreased by $-1.03B (-8.53%) from $12.1B to $11B.
Trade In January 2023, the top exports of United States to Japan were Petroleum Gas ($748M), Corn ($292M), Packaged Medicaments ($210M), Medical Instruments ($204M), and Aircraft Parts ($202M). In January 2023 the top imports of United States from Japan were Cars ($3.24B), Motor vehicles; parts and accessories (8701... ($582M), Machines and apparatus of a kind... ($456M), Vaccines, blood, antisera, toxins and cultures ($413M), and Large Construction Vehicles ($389M).
Origins In January 2023 the exports of United States were mainly from Texas ($1.05B), California ($879M), Louisiana ($465M), Ohio ($294M), and Washington ($268M), while imports destinations were mainly California ($2.1B), Tennessee ($875M), Texas ($801M), Illinois ($662M), and Georgia ($654M).
Growth In January 2023, the increase in United States's year-by-year exports to Japan was explained primarily by an increase in product exports in Wheat ($64.7M or 115%), Ethers ($58.2M or 77%), and Packaged Medicaments ($57.2M or 37.4%). In January 2023, the decrease in United States's year-by-year imports from Japan was explained primarily by an decrease in product imports in Commodities not elsewhere specified ($-113M or -31.1%), Lifting Machinery ($-53M or -78.8%), and Packaged Medicaments ($-43.2M or -12.5%).