Massachusetts

Overview In January 2024 Massachusetts exported $2.61B and imported $3.48B, resulting in a negative trade balance of $874M. Between January 2023 and January 2024 the exports of Massachusetts have decreased by $-653M (-20%) from $3.26B to $2.61B, while imports decreased by $-110M (-3.06%) from $3.59B to $3.48B.

Trade In January 2024, the top exports of Massachusetts were Machines and apparatus of a kind... ($263M), Packaged Medicaments ($215M), Medical Instruments ($215M), Vaccines, blood, antisera, toxins and cultures ($130M), and Gold ($91.4M). In January 2024 the top imports of Massachusetts were Refined Petroleum ($331M), Medical Instruments ($216M), Integrated Circuits ($149M), Orthopedic Appliances ($146M), and Vaccines, blood, antisera, toxins and cultures ($104M).

Destinations In January 2024, Massachusetts exported mostly to China ($334M), United Kingdom ($293M), Mexico ($280M), Canada ($259M), and Germany ($197M), and imported mostly from Canada ($871M), Mexico ($431M), China ($309M), Germany ($190M), and Ireland ($181M).

Growth In January 2024, the decrease in Massachusetts's year-by-year exports was explained primarily by an decrease in exports to Spain ($-185M or -89.1%), Thailand ($-94.4M or -88.1%), and Canada ($-47.8M or -14.2%), and product exports decrease in Integrated Circuits ($-66.3M or -45.7%), Silver ($-49.2M or -90.8%), and Nucleic Acids ($-30.9M or -91.7%). In January 2024, the decrease in Massachusetts's year-by-year imports was explained primarily by an decrease in imports from Kazakhstan ($-89.3M or -99.9%), Canada ($-63.8M or -6.28%), and China ($-54.9M or -13.2%), and product imports decrease in Other Precious Metal Products ($-163M or -95.8%), Packaged Medicaments ($-122M or -84.1%), and Petroleum Gas ($-59.1M or -49.6%).