Overview: In October 2020 United States' Cars exports accounted up to $4.87B and imports accounted up to $16.1B, resulting in a negative trade balance of $11.2B. Between October 2019 and October 2020 the exports of United States' Cars have decreased by $-297M (-5.75%) from $5.16B to $4.87B, while imports increased by $1.5B (10.3%) from $14.6B to $16.1B.
Destinations: In October 2020 Cars exported mostly to China ($971M), Canada ($893M), Germany ($797M), Belgium ($355M), and South Korea ($187M), and imported mostly from Japan ($3.66B), Mexico ($3.31B), Canada ($3.23B), South Korea ($1.8B), and Germany ($1.38B).
Growth: In October 2020, the decrease in Cars's year-by-year exports was explained primarily by a decrease in exports to Belgium ($-253M or -41.6%), Canada ($-195M or -17.9%), and Mexico ($-112M or -50.2%). In October 2020, the increase in Cars's year-by-year imports was explained primarily by an increase in imports from Japan ($1.04B or 39.4%), South Korea ($568M or 46.1%), and Slovakia ($364M or 257%).