North Carolina

Overview In January 2024 North Carolina exported $3.73B and imported $5.59B, resulting in a negative trade balance of $1.86B. Between January 2023 and January 2024 the exports of North Carolina have increased by $447M (13.6%) from $3.29B to $3.73B, while imports decreased by $-524M (-8.57%) from $6.12B to $5.59B.

Trade In January 2024, the top exports of North Carolina were Vaccines, blood, antisera, toxins and cultures ($922M), Packaged Medicaments ($200M), Aircraft Parts ($117M), Combustion Engines ($72.2M), and Sulfate Chemical Woodpulp ($68.1M). In January 2024 the top imports of North Carolina were Cars ($393M), Vaccines, blood, antisera, toxins and cultures ($350M), Computers ($318M), Packaged Medicaments ($236M), and Gas Turbines ($166M).

Destinations In January 2024, North Carolina exported mostly to China ($716M), Canada ($633M), Mexico ($548M), France ($168M), and Netherlands ($109M), and imported mostly from Mexico ($723M), Germany ($694M), China ($635M), Canada ($382M), and Sweden ($332M).

Growth In January 2024, the increase in North Carolina's year-by-year exports was explained primarily by an increase in exports to China ($235M or 164%), Saudi Arabia ($176M or 559%), and Canada ($96.2M or 19.8%), and product exports increase in Vaccines, blood, antisera, toxins and cultures ($386M or 212%), Raw Tobacco ($42.5M or 554%), and Combustion Engines ($21.7M or 74%). In January 2024, the decrease in North Carolina's year-by-year imports was explained primarily by an decrease in imports from Ireland ($-367M or -79.3%), China ($-331M or -35.5%), and India ($-98.7M or -33.9%), and product imports decrease in Hormones ($-150M or -89.1%), Packaged Medicaments ($-121M or -40.5%), and Commodities not elsewhere specified ($-73.5M or -15%).