Insights for United States

MoM insights: In the month-on-month analysis, imports from Singapore saw the highest increase with a trade value of 4.23B USD, reflecting a significant growth of 92.28%. Germany followed with an increase of 1.4B USD (11.61%), while Austria's imports rose by 1.24B USD (85.78%). On the downside, Mexico experienced the largest decline in imports, dropping by 4.01B USD (-8.26%), followed by China with a decrease of 2.94B USD (-12.29%) and Canada with a decline of 2.76B USD (-8.87%). For exports, the Netherlands led with an increase of 640.85M USD (8.51%), while Chinese Taipei and the Bahamas also saw notable increases of 441.76M USD (9.14%) and 344.46M USD (81.99%) respectively. Conversely, Canada faced the largest export decline of 3.87B USD (-13.24%), followed by Mexico with a decrease of 2.96B USD (-10.00%) and the United Kingdom with a drop of 2.81B USD (-24.01%).

YoY insights: In the year-on-year analysis, imports from Chinese Taipei surged by 10.98B USD (118.38%), followed by Vietnam with an increase of 5.07B USD (41.81%) and Thailand with a rise of 3.85B USD (73.94%). On the other hand, imports from China saw a significant decline of 16.82B USD (-44.54%), with Ireland and Canada also experiencing drops of 5.91B USD (-55.91%) and 5.14B USD (-15.31%) respectively. For exports, Switzerland led with an increase of 9.25B USD (4.90%), followed by the United Kingdom with a rise of 2.5B USD (39.15%) and Chinese Taipei with an increase of 1.6B USD (43.62%). However, exports to China fell by 5.59B USD (-44.39%), with Canada and Australia also seeing declines of 3.31B USD (-11.54%) and 771.61M USD (-23.77%) respectively.