Overview In December 2023 United States' Cars exports accounted up to $4.74B and imports accounted up to $20.6B, resulting in a negative trade balance of $15.8B. Between December 2022 and December 2023 the exports of United States' Cars have decreased by $-577M (-10.8%) from $5.32B to $4.74B, while imports increased by $3.29B (19%) from $17.3B to $20.6B.
Destinations In December 2023, Cars were exported mostly to Canada ($1.27B), Germany ($720M), United Arab Emirates ($394M), Mexico ($358M), and China ($289M), and were imported mostly from Mexico ($4.43B), Japan ($3.47B), South Korea ($3.11B), Germany ($2.75B), and Canada ($2.73B).
Growth In December 2023, the decrease in Cars's year-by-year exports was explained primarily by a decrease in exports to Taiwan ($-85M or -77%), Ukraine ($-61.8M or -93.2%), and Germany ($-57.8M or -11%). In December 2023, the increase in Cars's year-by-year imports was explained primarily by an increase in imports from Germany ($955M or 79.4%), Canada ($749M or 43.1%), and South Korea ($521M or 33.4%).
