Iowa

Overview In July 2024 Iowa exported $1.29B and imported $1.07B, resulting in a positive trade balance of $217M. Between July 2023 and July 2024 the exports of Iowa have decreased by $-225M (-14.9%) from $1.51B to $1.29B, while imports increased by $41.5M (4.04%) from $1.03B to $1.07B.

Trade In July 2024, the top exports of Iowa were Pig Meat ($92.4M), Pesticides ($65.8M), Tractors ($64.2M), Other Sugars ($55.3M), and Alcohol > 80% ABV ($50.9M). In July 2024 the top imports of Iowa were Tractors ($68M), Raw Aluminium ($44.4M), Motor vehicles; parts and accessories (8701... ($33.9M), Excavation Machinery ($29.9M), and Potassic Fertilizers ($29.5M).

Destinations In July 2024, Iowa exported mostly to Canada ($390M), Mexico ($275M), Japan ($78.6M), China ($62.3M), and Brazil ($55.7M), and imported mostly from Canada ($306M), Mexico ($220M), China ($113M), Germany ($84.8M), and Italy ($36.6M).

Growth In July 2024, the decrease in Iowa's year-by-year exports was explained primarily by an decrease in exports to China ($-69.5M or -52.7%), Brazil ($-52.6M or -48.6%), and Canada ($-27.8M or -6.64%), and product exports decrease in Tractors ($-96.1M or -59.9%), Harvesting Machinery ($-49.6M or -61.7%), and Large Construction Vehicles ($-38.5M or -67.2%). In July 2024, the increase in Iowa's year-by-year imports was explained primarily by an increase in imports from Spain ($20.3M or 186%), Canada ($19M or 6.61%), and Vietnam ($9.83M or 62.9%), and product imports increase in Pesticides ($19.4M or 352%), Vehicle Bodies (including cabs) for the... ($18.5M or 1.21k%), and Raw Aluminium ($15.7M or 54.6%).