Michigan

Overview In December 2024 Michigan exported $4.39B and imported $13.4B, resulting in a negative trade balance of $9B. Between December 2023 and December 2024 the exports of Michigan have decreased by $-395M (-8.26%) from $4.79B to $4.39B, while imports decreased by $-1.02B (-7.05%) from $14.4B to $13.4B.

Trade In December 2024, the top exports of Michigan were Motor vehicles; parts and accessories (8701... ($686M), Delivery Trucks ($347M), Cars ($302M), Aircraft parts (gliders, balloons, and powered... ($140M), and Electric Batteries ($129M). In December 2024 the top imports of Michigan were Cars ($3.99B), Motor vehicles; parts and accessories (8701... ($1.61B), Delivery Trucks ($1.58B), Commodities not elsewhere specified ($484M), and Insulated Wire ($367M).

Destinations In December 2024, Michigan exported mostly to Canada ($1.73B), Mexico ($1.25B), Germany ($173M), China ($131M), and Japan ($93M), and imported mostly from Mexico ($5.82B), Canada ($3.94B), South Korea ($1.14B), China ($731M), and Germany ($347M).

Growth In December 2024, the decrease in Michigan's year-by-year exports was explained primarily by an decrease in exports to Canada ($-265M or -13.3%), Australia ($-76.1M or -51.2%), and Panama ($-58M or -94.7%), and product exports decrease in Lifting Machinery ($-136M or -91.8%), Delivery Trucks ($-135M or -27.9%), and Motor vehicles; parts and accessories (8701... ($-98.5M or -12.6%). In December 2024, the decrease in Michigan's year-by-year imports was explained primarily by an decrease in imports from South Korea ($-608M or -34.8%), Italy ($-207M or -63.8%), and Poland ($-104M or -75.2%), and product imports decrease in Delivery Trucks ($-1.21B or -43.3%), Machinery Having Individual Functions ($-176M or -61.3%), and Prepr binder for foundry ($-117M or -80.3%).