Overview: In May 2021 United States exported $145B and imported $231B, resulting in a negative trade balance of $86.1B. Between May 2020 and May 2021 the exports of United States have increased by $54.1B (59.6%) from $90.7B to $145B, while imports increased by $66.9B (40.8%) from $164B to $231B.
Trade: In May 2021, the top exports of United States were Refined Petroleum ($6.93B), Aircraft Parts ($6.29B), Crude Petroleum ($5.16B), Cars ($5.06B), and Petroleum Gas ($4.65B). In May 2021 the top imports of United States were Cars ($12.1B), Crude Petroleum ($10.5B), Computers ($8.93B), Commodities not elsewhere specified ($8.88B), and Telephones ($7.75B).
Origins: In May 2021 the exports of United States were mainly from Texas ($30.1B), California ($15B), New York ($6.8B), Louisiana ($6.16B), and Illinois ($5.78B), while imports destinations were mainly California ($39B), Texas ($24.4B), Illinois ($15.7B), New Jersey ($13.8B), and New York ($11.7B).
Destinations: In May 2021, United States exported mostly to Canada ($25.4B), Mexico ($22.8B), China ($12.4B), Japan ($6.44B), and South Korea ($5.58B), and imported mostly from China ($38.7B), Mexico ($31.4B), Canada ($29.1B), Japan ($11.5B), and Germany ($11.2B).
Growth: In May 2021, the increase in United States's year-by-year exports was explained primarily by an increase in exports to Mexico ($12.4B or 118%), Canada ($10.6B or 71.2%), and China ($2.77B or 28.7%), and product exports increase in Refined Petroleum ($4.61B or 199%), Cars ($3.96B or 362%), and Crude Petroleum ($2.66B or 106%). In May 2021, the increase in United States's year-by-year imports was explained primarily by an increase in imports from Mexico ($16.4B or 110%), Canada ($13.2B or 83.3%), and Japan ($4.1B or 55.5%), and product imports increase in Cars ($8.49B or 234%), Crude Petroleum ($6.52B or 166%), and Refined Petroleum ($4.17B or 228%).