Overview In March 2023 United States exported $184B and imported $263B, resulting in a negative trade balance of $78.4B. Between March 2022 and March 2023 the exports of United States have increased by $5B (2.79%) from $179B to $184B, while imports decreased by $-34.1B (-11.5%) from $297B to $263B.
Trade In March 2023, the top exports of United States were Crude Petroleum ($11.7B), Refined Petroleum ($10.2B), Aircraft Parts ($9.88B), Petroleum Gas ($6.39B), and Commodities not elsewhere specified ($6.06B). In March 2023 the top imports of United States were Cars ($16.8B), Crude Petroleum ($13.5B), Commodities not elsewhere specified ($11.3B), Packaged Medicaments ($8.83B), and Telephones ($8.76B).
Origins In March 2023 the exports of United States were mainly from Texas ($40.6B), California ($16.3B), Louisiana ($9.95B), New York ($8.28B), and Illinois ($7.43B), while imports destinations were mainly California ($37.7B), Texas ($32.6B), Illinois ($18.9B), Michigan ($14.2B), and New York ($13.6B).
Destinations In March 2023, United States exported mostly to Canada ($31.8B), Mexico ($29.3B), China ($14.2B), Netherlands ($7.76B), and Germany ($7.5B), and imported mostly from Mexico ($42.8B), Canada ($37.6B), China ($30.8B), Germany ($14.1B), and Japan ($12.9B).
Growth In March 2023, the increase in United States's year-by-year exports was explained primarily by an increase in exports to Netherlands ($1.57B or 25.4%), Germany ($874M or 13.2%), and China ($806M or 6.03%), and product exports increase in Crude Petroleum ($2.51B or 27.4%), Aircraft Parts ($2.4B or 32.1%), and Vaccines, blood, antisera, toxins and cultures ($1.88B or 49.3%). In March 2023, the decrease in United States's year-by-year imports was explained primarily by an decrease in imports from China ($-16.6B or -35%), Switzerland ($-6.18B or -57.6%), and Vietnam ($-3.25B or -28.4%), and product imports decrease in Other Precious Metal Products ($-5.53B or -77%), Crude Petroleum ($-3.56B or -20.9%), and Computers ($-2.94B or -25.9%).