Overview: In January 2021 United States' Military Weapons exports accounted up to $23.9M and imports accounted up to $1.58M, resulting in a positive trade balance of $22.3M. Between January 2020 and January 2021 the exports of United States' Military Weapons have decreased by $-57.1M (-70.5%) from $81M to $23.9M, while imports decreased by $-5.78M (-78.5%) from $7.36M to $1.58M.
Destinations: In January 2021 Military Weapons exported mostly to Netherlands ($3.82M), South Korea ($3.68M), Norway ($3.48M), Denmark ($2.79M), and Japan ($2.16M), and imported mostly from Germany ($729k), Austria ($331k), Switzerland ($254k), Belgium ($164k), and Sweden ($85.8k).
Growth: In January 2021, the decrease in Military Weapons's year-by-year exports was explained primarily by a decrease in exports to Saudi Arabia ($-22.9M or -99.9%), Australia ($-9.08M or -83%), and Italy ($-903k or -95.8%). In January 2021, the decrease in Military Weapons's year-by-year imports was explained primarily by a decrease in imports from Sweden ($-5.77M or -98.5%), Belgium ($-114k or -41%), and Spain ($-3.9k or -28%).