Overview: In December 2020 United States' Machinery and appliances exports accounted up to $16.6B and imports accounted up to $33B, resulting in a negative trade balance of $16.4B. Between December 2019 and December 2020 the exports of United States' Machinery and appliances have increased by $285M (1.75%) from $16.3B to $16.6B, while imports increased by $3.61B (12.3%) from $29.4B to $33B.
Destinations: In December 2020 Machinery and appliances exported mostly to Canada ($3.48B), Mexico ($3.05B), China ($1.23B), South Korea ($831M), and Taiwan ($588M), and imported mostly from China ($7.39B), Mexico ($5.01B), Japan ($2.01B), Germany ($1.81B), and Canada ($1.65B).
Growth: In December 2020, the increase in Machinery and appliances's year-by-year exports was explained primarily by an increase in exports to China ($217M or 27%), South Korea ($121M or 19.6%), and Netherlands ($56.1M or 13.6%). In December 2020, the increase in Machinery and appliances's year-by-year imports was explained primarily by an increase in imports from China ($3.03B or 69.4%), Vietnam ($365M or 110%), and Thailand ($234M or 33.2%).