Nevada

Overview In January 2024 Nevada exported $735M and imported $1.53B, resulting in a negative trade balance of $796M. Between January 2023 and January 2024 the exports of Nevada have decreased by $-102M (-12.1%) from $836M to $735M, while imports increased by $54.6M (3.7%) from $1.48B to $1.53B.

Trade In January 2024, the top exports of Nevada were Gold ($224M), Integrated Circuits ($58.8M), Copper Ore ($28M), Blank Audio Media ($27.1M), and Telephones ($20.7M). In January 2024 the top imports of Nevada were Telephones ($267M), Integrated Circuits ($148M), Prepr binder for foundry ($144M), Electric Batteries ($51.8M), and Video and Card Games ($35.8M).

Destinations In January 2024, Nevada exported mostly to Switzerland ($221M), Canada ($111M), Mexico ($69.6M), China ($64M), and Hungary ($20.3M), and imported mostly from China ($483M), Japan ($183M), Canada ($131M), Mexico ($113M), and Taiwan ($104M).

Growth In January 2024, the decrease in Nevada's year-by-year exports was explained primarily by an decrease in exports to Mexico ($-64.3M or -53%), Netherlands ($-9.53M or -56.9%), and South Korea ($-4.94M or -20.1%), and product exports decrease in Office Machine Parts ($-26.6M or -67.6%), Copper Ore ($-20.3M or -38.7%), and Special Pharmaceuticals ($-13M or -78.8%). In January 2024, the increase in Nevada's year-by-year imports was explained primarily by an increase in imports from Thailand ($69.5M or 258%), Malaysia ($52.3M or 96.1%), and Japan ($40.5M or 102%), and product imports increase in Computers ($55.5M or 202%), Telephones ($47.7M or 54.2%), and Electric Batteries ($37.3M or 63.3%).