The overall US trade balance for all products totaled -US1.153 trillion in red ink for 2023. That trade deficit results from a -12.2% reduction compared to the -$1.313 trillion deficit for 2022 and a 44.6% expansion from -$797.7 billion of red ink 8 years earlier in 2016. Petroleum gases, refined petroleum oils, soya beans, coal including solid fuels made from coal and corn … [Read more...] about Top United States Trade Balances
North America
US Crude Oil Exports & Imports by State
Overall, the United States of America exported US$117.2 billion worth of exported crude oil around the world in 2023, down by -1.9% from 2022. Imports of crude oil sold by the United States totaled $165.3 billion resulting from a -16.6% decrease in US spending compared to one year earlier. The dollar total for US exported crude oil represents shipments from 20 American … [Read more...] about US Crude Oil Exports & Imports by State
Most Valuable US Imports & Exports with China
Importers in the United States of America purchased US$448.1 billion worth of imported products from China, officially the People’s Republic of China. The overall value of imports into the United States provided by its Asian competitor dropped by an average -22.2% year over year from 2022 when America’s purchases from Chinese suppliers were valued at $575.7 billion. On the … [Read more...] about Most Valuable US Imports & Exports with China
Most Valuable US Imports & Exports with Mexico
International buyers in the United States of America imported US$480.1 billion worth of products from Mexico, officially the United Mexican States. The overall value of imports into the United States provided by its southern neighbor rose by an average 4.5% year over year from 2022 when America’s purchases from Mexican suppliers were valued at $459.2 billion. On the other … [Read more...] about Most Valuable US Imports & Exports with Mexico
US Most Valuable Imports & Exports with Canada
American importers bought US$431.2 billion worth of products received from Canada in 2023. The overall value of imports into the United States of America furnished by its northern neighbor fell by an average -3.8% year over year from 2022 when America’s purchases from Canadian suppliers were valued at $448.3 billion. In comparison, the US exported $352.8 billion worth of … [Read more...] about US Most Valuable Imports & Exports with Canada