Overview In November 2022 United States exported $171B and imported $256B, resulting in a negative trade balance of $85.5B. Between November 2021 and November 2022 the exports of United States have increased by $14.3B (9.14%) from $156B to $171B, while imports decreased by $-3.22B (-1.24%) from $259B to $256B.
Trade In November 2022, the top exports of United States were Refined Petroleum ($10.7B), Crude Petroleum ($10.4B), Aircraft Parts ($7.65B), Petroleum Gas ($7.01B), and Commodities not elsewhere specified ($5.8B). In November 2022 the top imports of United States were Crude Petroleum ($14.6B), Cars ($14B), Computers ($9.77B), Telephones ($9.76B), and Commodities not elsewhere specified ($9.75B).
Origins In November 2022 the exports of United States were mainly from Texas ($39.1B), California ($14.7B), Louisiana ($10.9B), New York ($8.93B), and Illinois ($6.73B), while imports destinations were mainly California ($37.6B), Texas ($30.8B), Illinois ($19.3B), New York ($13.3B), and New Jersey ($13B).
Destinations In November 2022, United States exported mostly to Canada ($29.6B), Mexico ($25.6B), China ($15.6B), United Kingdom ($6.81B), and Japan ($6.38B), and imported mostly from China ($36.9B), Mexico ($36.8B), Canada ($33.8B), Germany ($13.4B), and Japan ($12.3B).
Growth In November 2022, the increase in United States's year-by-year exports was explained primarily by an increase in exports to China ($5.71B or 79.8%), Japan ($547M or 10%), and Taiwan ($458M or 17.4%), and product exports increase in Soybeans ($2.25B or 118%), Petroleum Gas ($1.04B or 31.2%), and Corn ($895M or 176%). In November 2022, the decrease in United States's year-by-year imports was explained primarily by an decrease in imports from Ireland ($-975M or -16.1%), Canada ($-778M or -3.07%), and United Kingdom ($-671M or -14.6%), and product imports decrease in Crude Petroleum ($-3.11B or -30%), Commodities not elsewhere specified ($-1.47B or -16.4%), and Gas Turbines ($-1.13B or -46.7%).