Detroit, MI

Overview In October 2024 Detroit, MI exported $9.61B and imported $13.9B, resulting in a negative trade balance of $4.24B. Between October 2023 and October 2024 the exports of Detroit, MI have decreased by $-2.95B (-23.5%) from $12.6B to $9.61B, while imports decreased by $-430M (-3.01%) from $14.3B to $13.9B.

Trade In October 2024, the top exports of Detroit, MI were Motor vehicles; parts and accessories (8701... ($729M), Delivery Trucks ($625M), Cars ($530M), Spark-Ignition Engines ($428M), and Computers ($290M). In October 2024 the top imports of Detroit, MI were Cars ($1.92B), Motor vehicles; parts and accessories (8701... ($1.2B), Packaged Medicaments ($1.02B), Commodities not elsewhere specified ($586M), and Delivery Trucks ($439M).

Destinations In October 2024, Detroit, MI exported mostly to Canada ($8.91B), United Kingdom ($162M), Germany ($123M), France ($106M), and Netherlands ($84.6M), and imported mostly from Canada ($10.7B), Germany ($485M), China ($483M), Ireland ($359M), and Switzerland ($251M).

Growth In October 2024, the decrease in Detroit, MI's year-by-year exports was explained primarily by an decrease in exports to Canada ($-3.02B or -25.3%), Thailand ($-35.1M or -97.9%), and Italy ($-23.8M or -54.3%), and product exports decrease in Cars ($-531M or -50.1%), Delivery Trucks ($-264M or -29.7%), and Crude Petroleum ($-211M or -100%). In October 2024, the decrease in Detroit, MI's year-by-year imports was explained primarily by an decrease in imports from Canada ($-585M or -5.16%), China ($-328M or -40.4%), and South Korea ($-85.8M or -36.6%), and product imports decrease in Cars ($-345M or -15.3%), Crude Petroleum ($-153M or -39.5%), and Silver ($-55.5M or -91.1%).