Insights for United States

MoM insights: In the month-on-month analysis, imports from Singapore saw the highest increase with a trade value of 4.21B USD, reflecting a significant growth of 93.28%. Germany followed with an increase of 1.42B USD (11.87%), while Austria had a notable rise of 1.24B USD (86.54%). On the downside, imports from Mexico decreased by 3.99B USD (-8.27%), China by 2.91B USD (-12.71%), and Canada by 2.78B USD (-9.02%). For exports, the Netherlands led with an increase of 640.25M USD (8.71%), followed by Chinese Taipei with 445.22M USD (9.38%), and the Bahamas with 307.93M USD (81.54%). Conversely, exports to Canada fell by 3.35B USD (-13.44%), Mexico by 2.88B USD (-9.99%), and the United Kingdom by 2.78B USD (-24.43%). Overall, total imports decreased by 11.52B USD (-4.25%) while total exports dropped by 19.83B USD (-10.21%).

YoY insights: In the year-on-year analysis, imports from Chinese Taipei experienced the most significant growth, increasing by 10.96B USD (119.25%), followed by Vietnam with a rise of 5B USD (41.41%), and Thailand with 3.84B USD (74.17%). On the contrary, imports from China saw a decline of 17.33B USD (-46.43%), Ireland by 5.88B USD (-55.43%), and Canada by 5.19B USD (-15.20%). For exports, Switzerland had the highest increase of 9.09B USD (496.63%), followed by the United Kingdom with 2.44B USD (39.74%), and Chinese Taipei with 1.58B USD (43.83%). However, exports to China decreased by 5.55B USD (-44.53%), Canada by 3.23B USD (-13.02%), and Australia by 749.82M USD (-24.09%). Overall, total imports decreased by 12.46B USD (-4.58%) while total exports increased by 8.02B USD (4.82%).