Overview In October 2023, United States exported $6.7B and imported $13.6B from Japan, resulting in a negative trade balance of $6.87B. Between October 2022 and October 2023 the exports of United States have decreased by $-45.4M (-0.67%) from $6.74B to $6.7B, while imports increased by $602M (4.64%) from $13B to $13.6B.
Trade In October 2023, the top exports of United States to Japan were Petroleum Gas ($748M), Corn ($292M), Packaged Medicaments ($210M), Medical Instruments ($204M), and Aircraft Parts ($202M). In October 2023 the top imports of United States from Japan were Cars ($3.24B), Motor vehicles; parts and accessories (8701... ($582M), Machines and apparatus of a kind... ($456M), Vaccines, blood, antisera, toxins and cultures ($413M), and Large Construction Vehicles ($389M).
Origins In October 2023 the exports of United States were mainly from Texas ($1.53B), California ($863M), Louisiana ($346M), Pennsylvania ($335M), and Washington ($272M), while imports destinations were mainly California ($2.21B), Texas ($1.9B), Tennessee ($1.03B), Kentucky ($886M), and Washington ($762M).
Growth In October 2023, the decrease in United States's year-by-year exports to Japan was explained primarily by an decrease in product exports in Refined Petroleum ($-158M or -83.5%), Petroleum Gas ($-140M or -15.8%), and Aircraft Parts ($-58.2M or -22.4%). In October 2023, the increase in United States's year-by-year imports from Japan was explained primarily by an increase in product imports in Machines and apparatus of a kind... ($276M or 154%), Cars ($225M or 7.47%), and Large Construction Vehicles ($148M or 61.3%).
