Overview: In July 2020 United States exported $113B and imported $201B, resulting in a negative trade balance of $88.1B. Between July 2019 and July 2020 the exports of United States have decreased by $-19.7B (-14.9%) from $132B to $113B, while imports decreased by $-17.6B (-8.06%) from $218B to $201B.
Trade: In July 2020 the top exports of United States were Aircraft Parts ($5.01B), Refined Petroleum ($4.41B), Integrated Circuits ($4.3B), Cars ($4.16B), and Crude Petroleum ($4.08B). In July 2020 the top imports of United States were Cars ($10.8B), Computers ($9.65B), Telephones ($8.71B), Commodities not elsewhere specified ($8.36B), and Packaged Medicaments ($7.11B).
Origins: In July 2020 the exports of United States were mainly from Texas ($19.7B), California ($11.7B), New York ($4.35B), Illinois ($4.16B), and Louisiana ($3.5B), while imports destinations were mainly California ($32.4B), Texas ($18.7B), New York ($12.9B), Illinois ($11.2B), and Michigan ($9.08B).
Destinations: In July 2020 United States exported mostly to Canada ($21.1B), Mexico ($18.4B), China ($9.04B), Germany ($4.88B), and Japan ($4.85B), and imported mostly from China ($40.7B), Mexico ($29.1B), Canada ($22.3B), Germany ($8.77B), and Japan ($8.45B).
Growth: In July 2020, the decrease in United States's year-by-year exports was explained primarily by a decrease in exports to Mexico ($-4.87B or -23.6%), Canada ($-4.75B or -19.1%), and Brazil ($-1.7B or -43.6%), and product exports decrease in Aircraft Parts ($-6.31B or -54%), Refined Petroleum ($-3.31B or -47.3%), and Crude Petroleum ($-2.69B or -48%). In July 2020, the decrease in United States's year-by-year imports was explained primarily by a decrease in imports from Canada ($-7.4B or -26.7%), Japan ($-5.27B or -44.2%), and Mexico ($-4.7B or -15.4%), and product imports decrease in Cars ($-7.53B or -48%), Crude Petroleum ($-7.08B or -58.6%), and Commodities not elsewhere specified ($-2.72B or -28%).