Arizona

Overview In January 2024 Arizona exported $2.2B and imported $3.32B, resulting in a negative trade balance of $1.12B. Between January 2023 and January 2024 the exports of Arizona have decreased by $-67.2M (-2.96%) from $2.27B to $2.2B, while imports increased by $390M (13.3%) from $2.93B to $3.32B.

Trade In January 2024, the top exports of Arizona were Aircraft Parts ($240M), Integrated Circuits ($193M), Medical Instruments ($133M), Copper Ore ($120M), and Computers ($83.7M). In January 2024 the top imports of Arizona were Commodities not elsewhere specified ($246M), Integrated Circuits ($230M), Other Vegetables ($188M), Electrical Transformers ($172M), and Tomatoes ($147M).

Destinations In January 2024, Arizona exported mostly to Mexico ($645M), Canada ($243M), China ($115M), Netherlands ($99.9M), and United Kingdom ($88.1M), and imported mostly from Mexico ($1.15B), China ($343M), Canada ($209M), Taiwan ($206M), and Thailand ($180M).

Growth In January 2024, the decrease in Arizona's year-by-year exports was explained primarily by an decrease in exports to Malaysia ($-58.6M or -50.3%), Brazil ($-40.4M or -51.6%), and China ($-21.5M or -15.8%), and product exports decrease in Petroleum Gas ($-37.1M or -73.2%), Explosive Ammunition ($-20M or -65.6%), and Integrated Circuits ($-18M or -8.1%). In January 2024, the increase in Arizona's year-by-year imports was explained primarily by an increase in imports from Mexico ($235M or 28.9%), Taiwan ($67.3M or 42.7%), and Spain ($43.3M or 211%), and product imports increase in Tomatoes ($55.8M or 80.1%), Electric Batteries ($53.5M or 118%), and Electrical Transformers ($51.4M or 119%).