Overview In April 2024 United States' Cars exports accounted up to $5.27B and imports accounted up to $19.3B, resulting in a negative trade balance of $14B. Between April 2023 and April 2024 the exports of United States' Cars have increased by $164M (3.21%) from $5.1B to $5.27B, while imports increased by $3B (18.5%) from $16.3B to $19.3B.
Destinations In April 2024, Cars were exported mostly to Canada ($1.71B), Germany ($757M), China ($460M), Mexico ($342M), and United Arab Emirates ($302M), and were imported mostly from Mexico ($3.9B), Japan ($3.56B), South Korea ($3.45B), Germany ($2.66B), and Canada ($2.28B).
Growth In April 2024, the increase in Cars's year-by-year exports was explained primarily by an increase in exports to Canada ($283M or 31.7%), United Arab Emirates ($106M or 63.7%), and South Korea ($87.3M or 35.9%). In April 2024, 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%).
