Overview In January 2022 United States exported $147B and imported $248B, resulting in a negative trade balance of $101B. Between January 2021 and January 2022 the exports of United States have increased by $19.7B (15.4%) from $128B to $147B, while imports increased by $43.3B (21.1%) from $205B to $248B.
Trade In January 2022, the top exports of United States were Refined Petroleum ($7.96B), Crude Petroleum ($7.53B), Aircraft Parts ($6.64B), Petroleum Gas ($6.61B), and Integrated Circuits ($4.36B). In January 2022 the top imports of United States were Crude Petroleum ($13.5B), Cars ($12.3B), Computers ($9.18B), Commodities not elsewhere specified ($8.72B), and Packaged Medicaments ($6.33B).
Origins In January 2022 the exports of United States were mainly from Texas ($35.4B), California ($13.7B), Louisiana ($8.87B), New York ($6.26B), and Illinois ($5.62B), while imports destinations were mainly California ($40.6B), Texas ($29.3B), Illinois ($19.4B), New York ($13.6B), and New Jersey ($12.4B).
Destinations In January 2022, United States exported mostly to Canada ($24.6B), Mexico ($23.7B), China ($11.5B), Japan ($5.93B), and United Kingdom ($5.39B), and imported mostly from China ($47.8B), Mexico ($33.3B), Canada ($32.2B), Japan ($12.1B), and Germany ($10.1B).
Growth In January 2022, the increase in United States's year-by-year exports was explained primarily by an increase in exports to China ($5.71B or 79.8%), Japan ($547M or 10%), and Taiwan ($458M or 17.4%), and product exports increase in Soybeans ($2.25B or 118%), Petroleum Gas ($1.04B or 31.2%), and Corn ($895M or 176%). In January 2022, the increase in United States's year-by-year imports was explained primarily by an increase in imports from China ($5.94B or 17.9%), Switzerland ($1.76B or 54%), and Vietnam ($1.53B or 25%), and product imports increase in Computers ($2.09B or 30.9%), Packaged Medicaments ($1.99B or 35.1%), and Telephones ($1.51B or 22.7%).