Overview: In May 2020 United States exported $90.7B and imported $164B, resulting in a negative trade balance of $73.3B. Between May 2019 and May 2020 the exports of United States have decreased by $-51.1B (-36%) from $142B to $90.7B, while imports decreased by $-56.2B (-25.5%) from $220B to $164B.
Trade: In May 2020 the top exports of United States were Aircraft Parts ($4.65B), Integrated Circuits ($3.32B), Commodities not elsewhere specified ($2.76B), Crude Petroleum ($2.5B), and Refined Petroleum ($2.32B). In May 2020 the top imports of United States were Gold ($8.77B), Computers ($8.18B), Telephones ($6.81B), Commodities not elsewhere specified ($6.71B), and Other Precious Metal Products ($5.98B).
Origins: In May 2020 the exports of United States were mainly from Texas ($15.8B), California ($10.5B), Illinois ($3.81B), New York ($3.79B), and Louisiana ($3.69B), while imports destinations were mainly California ($27.2B), New York ($19.2B), Texas ($15.8B), Illinois ($10.9B), and New Jersey ($7.27B).
Destinations: In May 2020 United States exported mostly to Canada ($14.8B), Mexico ($10.4B), China ($9.64B), Japan ($4.8B), and South Korea ($3.77B), and imported mostly from China ($36.6B), Canada ($15.9B), Mexico ($14.9B), Switzerland ($12B), and Japan ($7.38B).
Growth: In May 2020, the decrease in United States's year-by-year exports was explained primarily by a decrease in exports to Mexico ($-12B or -53.5%), Canada ($-11.1B or -42.9%), and Japan ($-1.85B or -27.8%), and product exports decrease in Aircraft Parts ($-6.12B or -56.9%), Refined Petroleum ($-4.95B or -68.1%), and Cars ($-4.17B or -79.2%). In May 2020, the decrease in United States's year-by-year imports was explained primarily by a decrease in imports from Mexico ($-17.2B or -53.5%), Canada ($-13.4B or -45.8%), and Japan ($-4.62B or -38.5%), and product imports decrease in Cars ($-12.1B or -76.9%), Crude Petroleum ($-9.36B or -70.4%), and Refined Petroleum ($-4.79B or -72.3%).