Michigan

Overview In September 2024 Michigan exported $5.69B and imported $14.4B, resulting in a negative trade balance of $8.74B. Between September 2023 and September 2024 the exports of Michigan have decreased by $-119M (-2.05%) from $5.81B to $5.69B, while imports decreased by $-716M (-4.73%) from $15.1B to $14.4B.

Trade In September 2024, the top exports of Michigan were Delivery Trucks ($1.11B), Motor vehicles; parts and accessories (8701... ($797M), Cars ($461M), Electric Batteries ($376M), and Aircraft Parts ($96.6M). In September 2024 the top imports of Michigan were Cars ($3.42B), Delivery Trucks ($2.33B), Motor vehicles; parts and accessories (8701... ($1.94B), Insulated Wire ($394M), and Commodities not elsewhere specified ($381M).

Destinations In September 2024, Michigan exported mostly to Canada ($2.31B), Mexico ($1.6B), Germany ($191M), China ($178M), and Japan ($115M), and imported mostly from Mexico ($6.92B), Canada ($3.72B), South Korea ($851M), China ($715M), and Germany ($461M).

Growth In September 2024, the decrease in Michigan's year-by-year exports was explained primarily by an decrease in exports to Canada ($-151M or -6.15%), China ($-66.9M or -27.3%), and Saudi Arabia ($-65.9M or -60%), and product exports decrease in Motor vehicles; parts and accessories (8701... ($-104M or -11.5%), Cars ($-89.2M or -16.2%), and Vaccines, blood, antisera, toxins and cultures ($-77.4M or -67.8%). In September 2024, the decrease in Michigan's year-by-year imports was explained primarily by an decrease in imports from Canada ($-785M or -17.4%), South Korea ($-420M or -33%), and Italy ($-204M or -65.7%), and product imports decrease in Cars ($-1.12B or -24.7%), Vaccines, blood, antisera, toxins and cultures ($-110M or -78.3%), and Electrical Lighting and Signalling Equipment ($-50.4M or -34.7%).