Trade Trend

In 2023, United States's total export value is 2019.16Billion USD, total import value is 3172.53Billion USD, Deficit is -1153.37Billion USD, and foreign trade dependency is 0.190. In 2023，United States's top export products are Petroleum oils and oils obtained from bituminous minerals; crude(117.16Billion USD), None(113.32Billion USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(112.88Billion USD), top export destinations are Canada(352.84Billion USD), Mexico(323.23Billion USD), China(147.81Billion USD). In 2023, United States's top import products are Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(210.29Billion USD), Petroleum oils and oils obtained from bituminous minerals; crude(172.43Billion USD), Telephone sets, including smartphones and other telephones for cellular/wireless networks; other apparatus for the transmission or reception of voice, images or other data (including wired/wireless networks), excluding items of 8443, 8525, 8527, or 8528(118.37Billion USD), top import origins are Mexico(480.08Billion USD), China(448.04Billion USD), Canada(431.20Billion USD).

Comparing to 2022, United States's total export value decreased -46.00Billion USD(-2.23%) in 2023, this could result from its export decreases of products such as Petroleum gases and other gaseous hydrocarbons(-28.75Billion USD or -29.84%), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-20.90Billion USD or -15.62%), Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(-11.13Billion USD or -29.94%) and export decreases to countries/economics such as Brazil(-9.03Billion USD or -16.78%), Switzerland(-8.86Billion USD or -24.11%), South Korea(-7.28Billion USD or -10.09%). Comparing to 2022, United States's total import value decreased -199.22Billion USD(-5.91%) in 2023, this could result from its import decreases of products such as Petroleum oils and oils obtained from bituminous minerals; crude(-32.16Billion USD or -15.72%), Automatic data processing machines and units thereof, magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included(-19.42Billion USD or -15.72%), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-12.78Billion USD or -15.63%), and its import decreases from countries/economies such as China(-127.20Billion USD or -22.11%), Vietnam(-16.89Billion USD or -12.44%), Canada(-15.76Billion USD or -3.53%).

Cumulated to first 7 months of 2024, United States's total export value is 852.19Billion USD, total import value is 1338.81Billion USD, and tradedeficit is -486.62Billion USD. Cumulated to first 7 months of 2024, United States's top export products are Petroleum oils and oils obtained from bituminous minerals; crude(52.03Billion USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(47.80Billion USD), None(47.72Billion USD), and top export destinations are Canada(146.63Billion USD), Mexico(138.65Billion USD), China(59.44Billion USD). Cumulated to first 7 months of 2024, United States's top import products are Petroleum oils and oils obtained from bituminous minerals; crude(52.03Billion USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(47.80Billion USD), None(47.72Billion USD), and top import origins areMexico(208.66Billion USD), Canada(175.68Billion USD), China(172.89Billion USD).