Overview: In October 2020 United States' Machinery Having Individual Functions exports accounted up to $602M and imports accounted up to $780M, resulting in a negative trade balance of $178M. Between October 2019 and October 2020 the exports of United States' Machinery Having Individual Functions have decreased by $-58.4M (-8.85%) from $660M to $602M, while imports increased by $86.4M (12.4%) from $694M to $780M.
Destinations: In October 2020 Machinery Having Individual Functions exported mostly to Mexico ($93.1M), Canada ($88M), Japan ($71.2M), China ($37.7M), and Germany ($36M), and imported mostly from Germany ($145M), Canada ($107M), China ($90.4M), Japan ($77.5M), and Switzerland ($67.8M).
Growth: In October 2020, the decrease in Machinery Having Individual Functions's year-by-year exports was explained primarily by a decrease in exports to Russia ($-24.4M or -85.5%), Mexico ($-24M or -20.5%), and Japan ($-14.1M or -16.5%). In October 2020, the increase in Machinery Having Individual Functions's year-by-year imports was explained primarily by an increase in imports from Japan ($30.2M or 64%), Switzerland ($29.7M or 77.7%), and Canada ($21.6M or 25.4%).
This section shows forecasts for total exports and imports, for Machinery Having Individual Functions in United States. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.
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