Overview: In July 2020 United States' Telephones exports accounted up to $2.27B and imports accounted up to $8.71B, resulting in a negative trade balance of $6.44B. Between July 2019 and July 2020 the exports of United States' Telephones have decreased by $-206M (-8.31%) from $2.48B to $2.27B, while imports increased by $1.86B (27.2%) from $6.85B to $8.71B.
Destinations: In July 2020 Telephones exported mostly to Mexico ($274M), Canada ($268M), Hong Kong ($226M), Netherlands ($161M), and United Arab Emirates ($127M), and imported mostly from China ($4.38B), Vietnam ($1.77B), Mexico ($732M), Taiwan ($384M), and Thailand ($301M).
Growth: In July 2020, the decrease in Telephones's year-by-year exports was explained primarily by a decrease in exports to Hong Kong ($-165M or -43%), Canada ($-50.6M or -16.6%), and Paraguay ($-47M or -55.7%). In July 2020, the increase in Telephones's year-by-year imports was explained primarily by an increase in imports from Vietnam ($603M or 121%), Thailand ($113M or 64.9%), and Taiwan ($79.7M or 27.2%).