Overview: In August 2020 United States' Navigation Equipment exports accounted up to $169M and imports accounted up to $273M, resulting in a negative trade balance of $104M. Between August 2019 and August 2020 the exports of United States' Navigation Equipment have decreased by $-264M (-61%) from $434M to $169M, while imports decreased by $-132M (-32.6%) from $405M to $273M.
Destinations: In August 2020 Navigation Equipment exported mostly to Canada ($28.5M), Mexico ($21.4M), Japan ($17.3M), Australia ($13M), and United Kingdom ($11.3M), and imported mostly from China ($68.3M), Mexico ($38.7M), Germany ($24.6M), Taiwan ($22.6M), and Canada ($20.4M).
Growth: In August 2020, the decrease in Navigation Equipment's year-by-year exports was explained primarily by a decrease in exports to Switzerland ($-119M or -99.2%), Qatar ($-73.4M or -99.8%), and Mexico ($-27.5M or -56.2%). In August 2020, the decrease in Navigation Equipment's year-by-year imports was explained primarily by a decrease in imports from Taiwan ($-54.8M or -70.8%), Mexico ($-28M or -42%), and United Kingdom ($-22.2M or -67.7%).