Overview: In October 2020 United States exported $133B and imported $220B, resulting in a negative trade balance of $87B. Between October 2019 and October 2020 the exports of United States have decreased by $-9.32B (-6.57%) from $142B to $133B, while imports increased by $898M (0.41%) from $219B to $220B.
Trade: In October 2020, the top exports of United States were Aircraft Parts ($6.56B), Cars ($4.87B), Soybeans ($4.82B), Refined Petroleum ($4.64B), and Integrated Circuits ($3.81B). In October 2020 the top imports of United States were Cars ($16.1B), Computers ($10.7B), Commodities not elsewhere specified ($8.99B), Telephones ($8.96B), and Packaged Medicaments ($6.73B).
Origins: In October 2020 the exports of United States were mainly from Texas ($25.3B), California ($14.7B), New York ($5.91B), Louisiana ($5.28B), and Illinois ($5B), while imports destinations were mainly California ($39.3B), Texas ($22.7B), Illinois ($14.6B), New York ($12.4B), and Michigan ($11.7B).
Destinations: In October 2020, United States exported mostly to Canada ($23.6B), Mexico ($20.5B), China ($14.7B), United Kingdom ($5.45B), and Japan ($5.4B), and imported mostly from China ($44.8B), Mexico ($33.1B), Canada ($24.8B), Japan ($11.2B), and Germany ($10.4B).
Growth: In October 2020, the decrease in United States's year-by-year exports was explained primarily by an decrease in exports to Mexico ($-1.79B or -8.02%), Canada ($-1.62B or -6.43%), and France ($-1.2B or -33.7%), and product exports decrease in Aircraft Parts ($-4.49B or -40.6%), Crude Petroleum ($-2.53B or -40.7%), and Refined Petroleum ($-2.51B or -35.1%). In October 2020, the increase in United States's year-by-year imports was explained primarily by an increase in imports from China ($4.68B or 11.7%), Mexico ($2.09B or 6.74%), and Vietnam ($1.58B or 24.7%), and product imports increase in Computers ($2.09B or 24.2%), Cars ($1.5B or 10.3%), and Blood, antisera, vaccines, toxins and cultures ($1.03B or 27.3%).