Overview In March 2023 Pennsylvania exported $4.84B and imported $10.1B, resulting in a negative trade balance of $5.24B. Between March 2022 and March 2023 the exports of Pennsylvania have decreased by $-112M (-2.26%) from $4.95B to $4.84B, while imports increased by $1.01B (11.2%) from $9.06B to $10.1B.
Trade In March 2023, the top exports of Pennsylvania were Vaccines, blood, antisera, toxins and cultures ($311M), Packaged Medicaments ($300M), Coal Briquettes ($288M), Petroleum Gas ($231M), and Telephones ($167M). In March 2023 the top imports of Pennsylvania were Packaged Medicaments ($1.37B), Vaccines, blood, antisera, toxins and cultures ($968M), Telephones ($678M), Cars ($675M), and Crude Petroleum ($477M).
Destinations In March 2023, Pennsylvania exported mostly to Canada ($1.24B), Mexico ($509M), Netherlands ($345M), China ($289M), and Germany ($239M), and imported mostly from Canada ($1.21B), China ($1.15B), South Korea ($798M), Mexico ($677M), and Germany ($664M).
Growth In March 2023, the decrease in Pennsylvania's year-by-year exports was explained primarily by an decrease in exports to China ($-97.9M or -33.4%), Turkey ($-40.8M or -60.4%), and Italy ($-39.2M or -45.2%), and product exports decrease in Liquid Pumps ($-106M or -86.7%), Opto-Electric Instrument Parts ($-38.9M or -79.7%), and Packaged Medicaments ($-35.4M or -22.7%). In March 2023, 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%).