Maryland

Overview In August 2024 Maryland exported $1.38B and imported $3.65B, resulting in a negative trade balance of $2.27B. Between August 2023 and August 2024 the exports of Maryland have decreased by $-194M (-12.3%) from $1.58B to $1.38B, while imports decreased by $-149M (-3.92%) from $3.8B to $3.65B.

Trade In August 2024, the top exports of Maryland were Aircraft Parts ($182M), Petroleum Gas ($143M), Cars ($85.4M), Vaccines, blood, antisera, toxins and cultures ($79.4M), and Coal Briquettes ($77.5M). In August 2024 the top imports of Maryland were Cars ($1.37B), Tractors ($106M), Large Construction Vehicles ($86.6M), Telephones ($72M), and Raw Nickel ($70.9M).

Destinations In August 2024, Maryland exported mostly to Canada ($219M), Netherlands ($149M), France ($148M), China ($107M), and Germany ($82.7M), and imported mostly from Germany ($598M), Mexico ($454M), Japan ($373M), Canada ($227M), and China ($224M).

Growth In August 2024, the decrease in Maryland's year-by-year exports was explained primarily by an decrease in exports to Belgium ($-119M or -83.1%), Czechia ($-68.2M or -98.7%), and Japan ($-55.7M or -50.4%), and product exports decrease in Cars ($-67.5M or -44.1%), Planes, Helicopters, and/or Spacecraft ($-64.5M or -100%), and Aircraft Parts ($-40M or -18%). In August 2024, the decrease in Maryland's year-by-year imports was explained primarily by an decrease in imports from Germany ($-159M or -21%), Slovakia ($-44M or -59.1%), and France ($-27.4M or -33.2%), and product imports decrease in Large Construction Vehicles ($-77.4M or -47.2%), Tractors ($-44M or -29.2%), and Raw Tin ($-35.3M or -64.5%).