Overview: In December 2020 United States exported $133B and imported $215B, resulting in a negative trade balance of $82.9B. Between December 2019 and December 2020 the exports of United States have decreased by $-2.8B (-2.07%) from $135B to $133B, while imports increased by $13.8B (6.85%) from $202B to $215B.
Trade: In December 2020, the top exports of United States were Aircraft Parts ($6.5B), Refined Petroleum ($5.39B), Soybeans ($4.9B), Crude Petroleum ($4.66B), and Commodities not elsewhere specified ($4.4B). In December 2020 the top imports of United States were Cars ($17.6B), Computers ($10.1B), Telephones ($9.31B), Commodities not elsewhere specified ($9.28B), and Crude Petroleum ($6.66B).
Origins: In December 2020 the exports of United States were mainly from Texas ($26.1B), California ($14B), Louisiana ($7.29B), New York ($5.65B), and Illinois ($4.93B), while imports destinations were mainly California ($36.4B), Texas ($22.3B), Illinois ($15.5B), New York ($12.1B), and Michigan ($11.3B).
Destinations: In December 2020, United States exported mostly to Canada ($22.8B), Mexico ($19.6B), China ($14.6B), Japan ($5.58B), and Germany ($4.83B), and imported mostly from China ($41.9B), Mexico ($29.6B), Canada ($24.7B), Japan ($11.4B), and Germany ($10.9B).
Growth: In December 2020, the decrease in United States's year-by-year exports was explained primarily by an decrease in exports to Japan ($-1.17B or -17.3%), France ($-1.08B or -32.7%), and United Kingdom ($-910M or -16.3%), and product exports decrease in Aircraft Parts ($-6.18B or -48.8%), Refined Petroleum ($-2.86B or -34.7%), and Crude Petroleum ($-2.31B or -33.1%). In December 2020, the increase in United States's year-by-year imports was explained primarily by an increase in imports from China ($8.21B or 24.4%), Mexico ($1.97B or 7.13%), and Vietnam ($1.14B or 19.7%), and product imports increase in Computers ($2.35B or 30.4%), Cars ($2.23B or 14.5%), and Other Precious Metal Products ($1.77B or 2.39k%).