Iowa

Overview In December 2024 Iowa exported $1.41B and imported $920M, resulting in a positive trade balance of $493M. Between December 2023 and December 2024 the exports of Iowa have increased by $62M (4.59%) from $1.35B to $1.41B, while imports decreased by $-127M (-12.2%) from $1.05B to $920M.

Trade In December 2024, the top exports of Iowa were Pig Meat ($87.4M), Tractors ($87.1M), Corn ($80.3M), Molybdenum Ore ($69.8M), and Pesticides ($57M). In December 2024 the top imports of Iowa were Commodities not elsewhere specified ($40.5M), Raw Aluminium ($36.6M), Tractors ($34.9M), Motor vehicles; parts and accessories (8701... ($29.2M), and Nitrogen Heterocyclic Compounds ($24.6M).

Destinations In December 2024, Iowa exported mostly to Canada ($381M), Mexico ($253M), China ($74.8M), Australia ($64.4M), and Japan ($61.2M), and imported mostly from Canada ($284M), Mexico ($154M), China ($121M), Germany ($63.2M), and Italy ($30.9M).

Growth In December 2024, the increase in Iowa's year-by-year exports was explained primarily by an increase in exports to China ($17.8M or 31.3%), Australia ($12.6M or 24.3%), and Argentina ($10.2M or 113%), and product exports increase in Harvesting Machinery ($29.6M or 150%), Aluminium Plating ($13.5M or 195%), and Molybdenum Ore ($11.6M or 19.9%). In December 2024, the decrease in Iowa's year-by-year imports was explained primarily by an decrease in imports from Germany ($-60.8M or -49.1%), Mexico ($-56.7M or -27%), and Canada ($-14.9M or -4.98%), and product imports decrease in Rapeseed Oil ($-25.1M or -90.2%), Nitrogen Heterocyclic Compounds ($-22.6M or -47.9%), and Combustion Engines ($-21.7M or -57.6%).