Musical instruments in   United States

Overview In July 2024 United States' Musical instruments exports accounted up to $72.4M and imports accounted up to $127M, resulting in a negative trade balance of $54.2M. Between July 2023 and July 2024 the exports of United States'   Musical instruments have decreased by $-1.14M (-1.55%) from $73.5M to $72.4M, while imports increased by $2.75M (2.22%) from $124M to $127M.

Destinations In July 2024, Musical instruments were exported mostly to Netherlands ($12.1M), Canada ($9.66M), Japan ($9.52M), Germany ($5M), and United Kingdom ($4.76M), and were imported mostly from China ($48.3M), Indonesia ($14.5M), Mexico ($11.2M), Japan ($10.1M), and Chinese Taipei ($8.41M).

Growth In July 2024, the decrease in Musical instruments's year-by-year exports was explained primarily by a decrease in exports to Hong Kong ($-1.14M or -37.6%), Australia ($-802k or -26%), and Mexico ($-670k or -24.8%). In July 2024, the increase in Musical instruments's year-by-year imports was explained primarily by an increase in imports from Germany ($1.31M or 32.6%), Chinese Taipei ($619k or 9.5%), and Thailand ($531k or 71.2%).