Overview: In August 2020 United States' Machinery Having Individual Functions exports accounted up to $687M and imports accounted up to $717M, resulting in a negative trade balance of $30.6M. Between August 2019 and August 2020 the exports of United States' Machinery Having Individual Functions have increased by $74.4M (12.2%) from $612M to $687M, while imports decreased by $-44.2M (-5.8%) from $761M to $717M.
Destinations: In August 2020 Machinery Having Individual Functions exported mostly to Japan ($160M), Mexico ($125M), Canada ($108M), China ($25.8M), and Germany ($22M), and imported mostly from Germany ($156M), Canada ($88.3M), China ($87.5M), Japan ($63.3M), and Mexico ($48.1M).
Growth: In August 2020, the increase in Machinery Having Individual Functions's year-by-year exports was explained primarily by an increase in exports to Japan ($86.6M or 119%), Mexico ($25.6M or 25.8%), and Trinidad and Tobago ($15.4M or 519%). In August 2020, the decrease in Machinery Having Individual Functions's year-by-year imports was explained primarily by a decrease in imports from Germany ($-18.6M or -10.6%), China ($-13.8M or -13.6%), and Japan ($-13.4M or -17.5%).