Overview In October 2022 Oregon exported $3.14B and imported $2.37B, resulting in a positive trade balance of $778M. Between October 2021 and October 2022 the exports of Oregon have increased by $482M (18.1%) from $2.66B to $3.14B, while imports increased by $453M (23.7%) from $1.91B to $2.37B.
Trade In October 2022, the top exports of Oregon were Integrated Circuits ($876M), Machines and apparatus of a kind... ($337M), Motor vehicles; parts and accessories (8701... ($246M), Combustion Engines ($173M), and Potassic Fertilizers ($152M). In October 2022 the top imports of Oregon were Cars ($348M), Machines and apparatus of a kind... ($277M), Integrated Circuits ($214M), Potassic Fertilizers ($147M), and Commodities not elsewhere specified ($71.6M).
Destinations In October 2022, Oregon exported mostly to China ($810M), Mexico ($575M), Canada ($259M), Ireland ($200M), and Japan ($173M), and imported mostly from Japan ($501M), Canada ($460M), China ($239M), South Korea ($220M), and Ireland ($134M).
Growth In October 2022, the increase in Oregon's year-by-year exports was explained primarily by an increase in exports to China ($231M or 40.4%), South Korea ($36.4M or 25.2%), and Indonesia ($35.9M or 167%), and product exports increase in Integrated Circuits ($173M or 24.4%), Machines and apparatus of a kind... ($95.9M or 52.1%), and Wheat ($91.2M or 173%). In October 2022, the increase in Oregon's year-by-year imports was explained primarily by an increase in imports from Malaysia ($77.5M or 214%), Mexico ($47.2M or 74.3%), and Canada ($41.9M or 18.7%), and product imports increase in Integrated Circuits ($97M or 128%), Computers ($91.3M or 431%), and Nitrogen Heterocyclic Compounds ($30.4M or 3.8k%).