Overview: In August 2020 United States exported $118B and imported $204B, resulting in a negative trade balance of $85.4B. Between August 2019 and August 2020 the exports of United States have decreased by $-20.2B (-14.6%) from $138B to $118B, while imports decreased by $-11.6B (-5.4%) from $215B to $204B.
Trade: In August 2020 the top exports of United States were Aircraft Parts ($5.46B), Cars ($4.84B), Refined Petroleum ($4.79B), Crude Petroleum ($4.2B), and Commodities not elsewhere specified ($3.45B). In August 2020 the top imports of United States were Cars ($12.6B), Computers ($9.21B), Commodities not elsewhere specified ($8.54B), Telephones ($8.08B), and Packaged Medicaments ($6.63B).
Origins: In August 2020 the exports of United States were mainly from Texas ($22.2B), California ($13.1B), New York ($5.95B), Louisiana ($4.52B), and Illinois ($4.13B), while imports destinations were mainly California ($36.4B), Texas ($21.8B), Illinois ($13B), New York ($12.4B), and Michigan ($11.2B).
Destinations: In August 2020 United States exported mostly to Canada ($22.8B), Mexico ($17B), China ($11B), Japan ($5.21B), and Germany ($4.8B), and imported mostly from China ($40.8B), Mexico ($29.8B), Canada ($23.8B), Germany ($9.78B), and Japan ($9.73B).
Growth: In August 2020, the decrease in United States's year-by-year exports was explained primarily by a decrease in exports to Mexico ($-5.03B or -22.8%), Canada ($-2.46B or -9.73%), and France ($-1.28B or -41.8%), and product exports decrease in Aircraft Parts ($-4.54B or -45.4%), Refined Petroleum ($-2.96B or -38.2%), and Vehicle Parts ($-826M or -21.2%). In August 2020, the decrease in United States's year-by-year imports was explained primarily by a decrease in imports from Canada ($-2.95B or -11.1%), Japan ($-2.72B or -21.9%), and Germany ($-2.32B or -19.2%), and product imports decrease in Crude Petroleum ($-4.52B or -41.5%), Refined Petroleum ($-2.2B or -42.7%), and Cars ($-2.12B or -14.4%).