Overview In December 2022 Pennsylvania exported $3.75B and imported $9.36B, resulting in a negative trade balance of $5.61B. Between December 2021 and December 2022 the exports of Pennsylvania have increased by $138M (3.83%) from $3.61B to $3.75B, while imports increased by $695M (8.02%) from $8.67B to $9.36B.
Trade In December 2022, the top exports of Pennsylvania were Vaccines, blood, antisera, toxins and cultures ($225M), Petroleum Gas ($152M), Telephones ($134M), Coal Briquettes ($117M), and Packaged Medicaments ($106M). In December 2022 the top imports of Pennsylvania were Packaged Medicaments ($974M), Telephones ($677M), Computers ($670M), Vaccines, blood, antisera, toxins and cultures ($664M), and Cars ($497M).
Destinations In December 2022, Pennsylvania exported mostly to Canada ($1.06B), Mexico ($398M), China ($229M), Netherlands ($181M), and Germany ($179M), and imported mostly from China ($1.91B), Canada ($1.05B), Germany ($714M), South Korea ($633M), and Mexico ($577M).
Growth In December 2022, the increase in Pennsylvania's year-by-year exports was explained primarily by an increase in exports to Singapore ($123M or 220%), Japan ($81.3M or 80.6%), and Mexico ($73.1M or 20.1%), and product exports increase in Platinum ($115M or 584%), Coal Briquettes ($28.6M or 70.8%), and Therapeutic Appliances ($19.9M or 73.3%). In December 2022, the increase in Pennsylvania's year-by-year imports was explained primarily by an increase in imports from India ($205M or 133%), Canada ($173M or 20.4%), and China ($171M or 12.5%), and product imports increase in Crude Petroleum ($255M or 206%), Vaccines, blood, antisera, toxins and cultures ($110M or 21.5%), and Semi-Finished Iron ($106M or 17.7k%).