Overview In February 2024 United States exported $167B and imported $243B, resulting in a negative trade balance of $75.2B. Between February 2023 and February 2024 the exports of United States have increased by $8.48B (5.33%) from $159B to $167B, while imports increased by $11.8B (5.13%) from $231B to $243B.
Trade In February 2024, the top exports of United States were Crude Petroleum ($10.4B), Aircraft Parts ($9.53B), Refined Petroleum ($8.82B), Petroleum Gas ($5.57B), and Commodities not elsewhere specified ($5.55B). In February 2024 the top imports of United States were Cars ($16.9B), Crude Petroleum ($12.1B), Commodities not elsewhere specified ($9.84B), Computers ($8.48B), and Telephones ($7.66B).
Origins In February 2024 the exports of United States were mainly from Texas ($36.9B), California ($13.8B), New York ($10.5B), Louisiana ($8.02B), and Illinois ($6.6B), while imports destinations were mainly California ($34.6B), Texas ($30B), Illinois ($15.7B), Michigan ($14.1B), and New Jersey ($11.5B).
Destinations In February 2024, United States exported mostly to Canada ($28.5B), Mexico ($26.8B), China ($12B), Netherlands ($7.28B), and United Kingdom ($6.44B), and imported mostly from Mexico ($40.2B), Canada ($33.4B), China ($31.9B), Germany ($12.3B), and Japan ($11.7B).
Growth In February 2024, the increase in United States's year-by-year exports was explained primarily by an increase in exports to Mexico ($1.84B or 7.36%), Netherlands ($1.47B or 25.4%), and Canada ($1.45B or 5.36%), and product exports increase in Aircraft Parts ($2.35B or 32.7%), Crude Petroleum ($1.32B or 14.6%), and Gold ($1.27B or 51.1%). In February 2024, the increase in United States's year-by-year imports was explained primarily by an increase in imports from Mexico ($4.56B or 12.8%), South Korea ($1.29B or 15.5%), and Vietnam ($1.29B or 15.5%), and product imports increase in Cars ($3.07B or 22.3%), Computers ($1.49B or 21.3%), and Vaccines, blood, antisera, toxins and cultures ($886M or 13.5%).
