Indiana

Overview In December 2024 Indiana exported $3.93B and imported $8.15B, resulting in a negative trade balance of $4.22B. Between December 2023 and December 2024 the exports of Indiana have decreased by $-542M (-12.1%) from $4.47B to $3.93B, while imports increased by $739M (9.98%) from $7.41B to $8.15B.

Trade In December 2024, the top exports of Indiana were Hormones ($581M), Vaccines, blood, antisera, toxins and cultures ($396M), Packaged Medicaments ($391M), Motor vehicles; parts and accessories (8701... ($276M), and Aircraft parts (gliders, balloons, and powered... ($231M). In December 2024 the top imports of Indiana were Hormones ($8.68B), Telephones ($1B), Packaged Medicaments ($969M), Vaccines, blood, antisera, toxins and cultures ($893M), and Commodities not elsewhere specified ($443M).

Destinations In December 2024, Indiana exported mostly to Canada ($1.07B), Mexico ($652M), Italy ($594M), Japan ($385M), and China ($234M), and imported mostly from Ireland ($9.1B), China ($1.31B), Canada ($1.07B), Germany ($619M), and Switzerland ($544M).

Growth In December 2024, the decrease in Indiana's year-by-year exports was explained primarily by an decrease in exports to Germany ($-196M or -46.9%), Canada ($-114M or -9.65%), and Italy ($-60.2M or -9.2%), and product exports decrease in Hormones ($-283M or -32.7%), Motor vehicles; parts and accessories (8701... ($-68.2M or -19.8%), and Electricity ($-49.2M or -100%). In December 2024, the increase in Indiana's year-by-year imports was explained primarily by an increase in imports from Ireland ($6.05B or 199%), China ($715M or 121%), and South Korea ($420M or 599%), and product imports increase in Hormones ($7.5B or 640%), Telephones ($907M or 947%), and Computers ($155M or 314%).