Overview In March 2023 Arizona exported $2.66B and imported $3.14B, resulting in a negative trade balance of $472M. Between March 2022 and March 2023 the exports of Arizona have increased by $300M (12.7%) from $2.36B to $2.66B, while imports increased by $60.2M (1.96%) from $3.08B to $3.14B.
Trade In March 2023, the top exports of Arizona were Aircraft Parts ($550M), Integrated Circuits ($222M), Copper Ore ($156M), Medical Instruments ($123M), and Semiconductor Devices ($78.8M). In March 2023 the top imports of Arizona were Commodities not elsewhere specified ($211M), Integrated Circuits ($191M), Machines and apparatus of a kind... ($151M), Other Vegetables ($149M), and Insulated Wire ($133M).
Destinations In March 2023, Arizona exported mostly to Mexico ($755M), Canada ($281M), United Kingdom ($240M), China ($124M), and France ($96.6M), and imported mostly from Mexico ($1.14B), China ($305M), Taiwan ($228M), Canada ($199M), and Japan ($178M).
Growth In March 2023, the increase in Arizona's year-by-year exports was explained primarily by an increase in exports to Malaysia ($65.8M or 130%), Brazil ($48.2M or 161%), and Japan ($42.3M or 87.6%), and product exports increase in Aircraft Parts ($144M or 95.1%), Petroleum Gas ($26.9M or 113%), and Explosive Ammunition ($19.8M or 186%). In March 2023, the increase in Arizona's year-by-year imports was explained primarily by an increase in imports from China ($102M or 40.7%), Japan ($88.2M or 126%), and Germany ($60.1M or 114%), and product imports increase in Machines and apparatus of a kind... ($117M or 433%), Integrated Circuits ($104M or 129%), and Precious Stones ($102M or 10.6k%).