Overview In December 2022 United States exported $169B and imported $253B, resulting in a negative trade balance of $84.3B. Between December 2021 and December 2022 the exports of United States have increased by $9.31B (5.84%) from $160B to $169B, while imports decreased by $-4.75B (-1.84%) from $258B to $253B.
Trade In December 2022, the top exports of United States were Refined Petroleum ($11B), Crude Petroleum ($9.66B), Aircraft Parts ($9.54B), Petroleum Gas ($7.64B), and Commodities not elsewhere specified ($5.96B). In December 2022 the top imports of United States were Cars ($17.3B), Crude Petroleum ($13.7B), Telephones ($10.9B), Commodities not elsewhere specified ($9.73B), and Computers ($9.13B).
Origins In December 2022 the exports of United States were mainly from Texas ($37.5B), California ($15.2B), Louisiana ($11.9B), New York ($6.62B), and Illinois ($6.59B), while imports destinations were mainly California ($38.6B), Texas ($29.8B), Illinois ($20B), Michigan ($13.2B), and Georgia ($12.8B).
Destinations In December 2022, United States exported mostly to Canada ($27.8B), Mexico ($24.9B), China ($13.8B), United Kingdom ($7.55B), and Netherlands ($6.96B), and imported mostly from China ($37.3B), Mexico ($36.1B), Canada ($32.9B), Germany ($14.3B), and Japan ($13.5B).
Growth In December 2022, the increase in United States's year-by-year exports was explained primarily by an increase in exports to Mexico ($4.15B or 21.3%), Canada ($3.1B or 14.5%), and Singapore ($1.38B or 60.4%), and product exports increase in Crude Petroleum ($2.8B or 59.4%), Refined Petroleum ($2.75B or 52.9%), and Petroleum Gas ($2.28B or 52.6%). In December 2022, the decrease in United States's year-by-year imports was explained primarily by an decrease in imports from Switzerland ($-1.11B or -22.1%), Germany ($-798M or -7.35%), and Denmark ($-158M or -15.6%), and product imports decrease in Packaged Medicaments ($-1.33B or -17.3%), Cars ($-644M or -4.97%), and Planes, Helicopters, and/or Spacecraft ($-550M or -49.1%).