Overview: In January 2021 United States' Machinery Having Individual Functions exports accounted up to $502M and imports accounted up to $767M, resulting in a negative trade balance of $265M. Between January 2020 and January 2021 the exports of United States' Machinery Having Individual Functions have decreased by $-146M (-22.5%) from $648M to $502M, while imports increased by $124M (19.3%) from $643M to $767M.
Destinations: In January 2021 Machinery Having Individual Functions exported mostly to Canada ($98.8M), Mexico ($92.7M), China ($31.3M), Japan ($28.6M), and United Kingdom ($22.7M), and imported mostly from Germany ($198M), Canada ($82.8M), China ($78.7M), Japan ($51M), and Mexico ($50.1M).
Growth: In January 2021, the decrease in Machinery Having Individual Functions's year-by-year exports was explained primarily by a decrease in exports to Japan ($-53.3M or -65.1%), Mexico ($-46.3M or -33.3%), and Canada ($-24M or -19.6%). In January 2021, the increase in Machinery Having Individual Functions's year-by-year imports was explained primarily by an increase in imports from Germany ($90.4M or 84.3%), Switzerland ($25.2M or 136%), and Mexico ($9.59M or 23.7%).