North Carolina

Overview In November 2022 North Carolina exported $3.39B and imported $6.15B, resulting in a negative trade balance of $2.76B. Between November 2021 and November 2022 the exports of North Carolina have increased by $699M (26%) from $2.69B to $3.39B, while imports decreased by $-675M (-9.88%) from $6.83B to $6.15B.

Trade In November 2022, the top exports of North Carolina were Vaccines, blood, antisera, toxins and cultures ($754M), Packaged Medicaments ($174M), Aircraft Parts ($110M), Raw Tobacco ($70.2M), and Reaction and Catalytic Products ($67.3M). In November 2022 the top imports of North Carolina were Vaccines, blood, antisera, toxins and cultures ($817M), Computers ($367M), Packaged Medicaments ($192M), Oxygen Heterocyclic Compounds ($168M), and Gas Turbines ($160M).

Destinations In November 2022, North Carolina exported mostly to China ($740M), Canada ($627M), Mexico ($402M), France ($186M), and United Kingdom ($96.2M), and imported mostly from Netherlands ($1.01B), Mexico ($813M), China ($615M), Canada ($399M), and Germany ($375M).

Growth In November 2022, the increase in North Carolina's year-by-year exports was explained primarily by an increase in exports to China ($221M or 125%), Australia ($23.1M or 70%), and Mexico ($20.3M or 6.58%), and product exports increase in Vaccines, blood, antisera, toxins and cultures ($240M or 119%), Reaction and Catalytic Products ($20.4M or 43.4%), and Other Precious Metal Products ($17M or 101%). In November 2022, the decrease in North Carolina's year-by-year imports was explained primarily by an decrease in imports from Netherlands ($-193M or -76.9%), Ireland ($-59.6M or -21.5%), and Japan ($-47.6M or -20.3%), and product imports decrease in Commodities not elsewhere specified ($-159M or -52.2%), Oxygen Heterocyclic Compounds ($-110M or -99.1%), and Special Pharmaceuticals ($-62.4M or -71.5%).