Overview: In January 2021 United States' Vehicles and their parts exports accounted up to $8.68B and imports accounted up to $22.6B, resulting in a negative trade balance of $13.9B. Between January 2020 and January 2021 the exports of United States' Vehicles and their parts have decreased by $-262M (-2.93%) from $8.94B to $8.68B, while imports increased by $1.32B (6.18%) from $21.3B to $22.6B.
Destinations: In January 2021 Vehicles and their parts exported mostly to Canada ($3.1B), Mexico ($1.42B), Germany ($508M), Belgium ($483M), and China ($463M), and imported mostly from Mexico ($7.5B), Japan ($3.73B), Canada ($3.4B), South Korea ($1.89B), and Germany ($1.76B).
Growth: In January 2021, the decrease in Vehicles and their parts's year-by-year exports was explained primarily by a decrease in exports to Canada ($-175M or -5.34%), Mexico ($-174M or -10.9%), and South Korea ($-110M or -38.1%). In January 2021, the increase in Vehicles and their parts's year-by-year imports was explained primarily by an increase in imports from Mexico ($562M or 8.1%), Japan ($335M or 9.86%), and Germany ($280M or 18.9%).