Overview: In January 2021 United States exported $128B and imported $205B, resulting in a negative trade balance of $77.2B. Between January 2020 and January 2021 the exports of United States have decreased by $-1.1B (-0.85%) from $129B to $128B, while imports increased by $9.21B (4.71%) from $196B to $205B.
Trade: In January 2021, the top exports of United States were Refined Petroleum ($5.34B), Aircraft Parts ($5.32B), Crude Petroleum ($4.68B), Petroleum Gas ($4.37B), and Soybeans ($4.15B). In January 2021 the top imports of United States were Cars ($12.7B), Computers ($8.85B), Telephones ($8.15B), Packaged Medicaments ($7.66B), and Commodities not elsewhere specified ($7.51B).
Origins: In January 2021 the exports of United States were mainly from Texas ($27.4B), California ($13.1B), Louisiana ($7.12B), New York ($4.71B), and Illinois ($4.44B), while imports destinations were mainly California ($33.3B), Texas ($22B), Illinois ($14.2B), New York ($11.2B), and New Jersey ($11.1B).
Destinations: In January 2021, United States exported mostly to Canada ($21.2B), Mexico ($19.5B), China ($12.9B), Japan ($6.02B), and South Korea ($5.18B), and imported mostly from China ($39.1B), Mexico ($29B), Canada ($24.5B), Germany ($10.8B), and Japan ($10.4B).
Growth: In January 2021, the decrease in United States's year-by-year exports was explained primarily by an decrease in exports to Mexico ($-1.35B or -6.48%), Canada ($-1.33B or -5.89%), and United Kingdom ($-1.16B or -19.9%), and product exports decrease in Aircraft Parts ($-3.53B or -39.9%), Refined Petroleum ($-2.12B or -28.4%), and Crude Petroleum ($-1.56B or -25%). In January 2021, the increase in United States's year-by-year imports was explained primarily by an increase in imports from China ($5.83B or 17.5%), Switzerland ($1.77B or 54.5%), and Vietnam ($1.55B or 25.3%), and product imports increase in Computers ($2.08B or 30.8%), Packaged Medicaments ($1.75B or 29.6%), and Blood, antisera, vaccines, toxins and cultures ($1.64B or 38.4%).