Memphis, TN

Overview In January 2024 Memphis, TN exported $150M and imported $837M, resulting in a negative trade balance of $687M. Between January 2023 and January 2024 the exports of Memphis, TN have increased by $54.7M (57.2%) from $95.7M to $150M, while imports increased by $532M (175%) from $305M to $837M.

Trade In January 2024, the top exports of Memphis, TN were Aircraft Parts ($76.4M), Telephones ($22.9M), Integrated Circuits ($8.56M), Vaccines, blood, antisera, toxins and cultures ($4.69M), and Medical Instruments ($4.08M). In January 2024 the top imports of Memphis, TN were Vaccines, blood, antisera, toxins and cultures ($411M), Commodities not elsewhere specified ($75.7M), Orthopedic Appliances ($35.6M), Medical Instruments ($20.1M), and Telephones ($19M).

Destinations In January 2024, Memphis, TN exported mostly to Canada ($82.5M), Mexico ($12.3M), Israel ($11.5M), United Arab Emirates ($7.19M), and Japan ($5.44M), and imported mostly from Ireland ($252M), Italy ($174M), United Kingdom ($115M), China ($102M), and Spain ($48.1M).

Growth In January 2024, the increase in Memphis, TN's year-by-year exports was explained primarily by an increase in exports to Belgium ($3.01M or 56.2%), South Korea ($2.53M or 286%), and Kuwait ($1.68M or 46.3k%), and product exports increase in Orthopedic Appliances ($2.13M or 28.7%), Insulated Wire ($2.07M or 217%), and Packaged Medicaments ($1.97M or 382%). In January 2024, the increase in Memphis, TN's year-by-year imports was explained primarily by an increase in imports from Ireland ($60.4M or 19.6k%), Japan ($4.53M or 31.8%), and Switzerland ($4.27M or 34.1k%), and product imports increase in Vaccines, blood, antisera, toxins and cultures ($60.6M or 287k%), Computers ($13M or 647%), and Industrial Printers ($9.06M or 31.6%).