Overview: In August 2020 United States' Telephones exports accounted up to $2.07B and imports accounted up to $8.08B, resulting in a negative trade balance of $6.01B. Between August 2019 and August 2020 the exports of United States' Telephones have decreased by $-358M (-14.7%) from $2.43B to $2.07B, while imports decreased by $-787M (-8.88%) from $8.87B to $8.08B.
Destinations: In August 2020 Telephones exported mostly to Canada ($219M), Hong Kong ($210M), Mexico ($201M), Netherlands ($150M), and United Arab Emirates ($85.7M), and imported mostly from China ($3.7B), Vietnam ($2.03B), Mexico ($652M), Taiwan ($433M), and Thailand ($267M).
Growth: In August 2020, the decrease in Telephones's year-by-year exports was explained primarily by a decrease in exports to Hong Kong ($-103M or -33%), Mexico ($-83.2M or -29.3%), and Canada ($-82.4M or -27.4%). In August 2020, the decrease in Telephones's year-by-year imports was explained primarily by a decrease in imports from China ($-642M or -14.8%), South Korea ($-312M or -65.1%), and Mexico ($-42.5M or -6.12%).