Overview In July 2022 United States exported $176B and imported $271B, resulting in a negative trade balance of $95.5B. Between July 2021 and July 2022 the exports of United States have increased by $31.5B (21.9%) from $144B to $176B, while imports increased by $33.3B (14%) from $238B to $271B.
Trade In July 2022, the top exports of United States were Refined Petroleum ($13.2B), Crude Petroleum ($11.4B), Petroleum Gas ($7.96B), Aircraft Parts ($7.45B), and Gold ($6.31B). In July 2022 the top imports of United States were Crude Petroleum ($20.2B), Cars ($12.8B), Computers ($11.4B), Telephones ($9.06B), and Commodities not elsewhere specified ($8.72B).
Origins In July 2022 the exports of United States were mainly from Texas ($42.7B), California ($15.3B), New York ($11.8B), Louisiana ($10.6B), and Illinois ($6.22B), while imports destinations were mainly California ($43.7B), Texas ($34.3B), Illinois ($19.9B), New York ($14.2B), and New Jersey ($13.6B).
Destinations In July 2022, United States exported mostly to Canada ($29.4B), Mexico ($27.3B), China ($12.3B), Japan ($6.49B), and South Korea ($6.44B), and imported mostly from China ($46.7B), Canada ($38B), Mexico ($37.8B), Japan ($12.1B), and Germany ($11.7B).
Growth In July 2022, the increase in United States's year-by-year exports was explained primarily by an increase in exports to China ($5.71B or 79.8%), Japan ($547M or 10%), and Taiwan ($458M or 17.4%), and product exports increase in Soybeans ($2.25B or 118%), Petroleum Gas ($1.04B or 31.2%), and Corn ($895M or 176%). In July 2022, the increase in United States's year-by-year imports was explained primarily by an increase in imports from China ($5.94B or 17.9%), Switzerland ($1.76B or 54%), and Vietnam ($1.53B or 25%), and product imports increase in Computers ($2.09B or 30.9%), Packaged Medicaments ($1.99B or 35.1%), and Telephones ($1.51B or 22.7%).