Visualized: The Value Of U.S. Imports Of Goods By State

For nearly 50 years and counting, U.S. imports have exceeded exports—and 2021 was no exception. Imports of goods to the U.S. equaled $2.8 trillion, relative to $1.8 trillion for exports, putting the 2021 goods trade deficit at its highest level on record.

Using the most recent data on global trade from the U.S. Census Bureau and the U.S. Bureau of Economic Analysis, we take a closer look at the value of American goods imports and visualize them state by state.

The Top 10 Importing States, by Total Goods Value

The top 10 states by import value account for 64.5% of all U.S. imports, or $1.8 trillion.

 

Overall, the goods trade deficit—the amount by which a country’s imports exceed its exports—was more than $1 trillion in 2021, increasing over 18% from the previous year. Goods imports specifically increased by nearly $502 billion, a 21% increase year-over-year.

California, the U.S.’s top importer, saw over $470 billion worth of goods come in last year. Some of its big ticket items fell in line with the state’s tech sector’s needs, like automatic data processing machines and accessories and parts for said machinery. California’s own deficit is quite high—the state’s goods exports were only valued at approximately $175 billion. The state’s busy ports are a key entry point for goods arriving from Asia, which helps explain this deficit.

In contrast, the country’s top export state is Texas at $375 billion, outweighing its imports and shipping out goods like coal and petroleum. All but three of the country’s top importers—Tennessee, Pennsylvania, and Georgia—were also among the country’s top 10 exporters.

Where are Imports Coming From?

Here’s a look at the country’s top trade partners for goods imports and the value of their imports in 2022 as of April.

Over half of the top import partners for the United States are located in Asia. China is by far America’s top source of goods, making up 17% of the country’s imports.

Meanwhile, Canada and Mexico each account for roughly 14% of America’s goods imports due to the close proximity, strong economic ties, and trade agreements.

What’s Being Imported?

Imports of goods increased to a value of $2.8 trillion in 2021, the highest on record. According to the U.S. Census Bureau, industrial supplies and materials and crude oil saw some of the most notable increases.

Consumer goods like cell phones, household goods, toys, games, and sporting equipment increased in import value as well, reflecting a trend that the pandemic’s online shopping and delivery demand started.

Additionally, imports of foods, feeds, and beverages were the highest on record in 2021. It is also notable that in April of 2022, exports of goods hit the highest number on record at nearly $175 billion, with exports of feeds, food, and beverage also reaching the highest number of exports recorded. This is likely attributed to food shortages worldwide caused by the war in Ukraine.re By This Author:

Brand Loyalty Is Declining For Most Luxury Automakers
Visualizing Major Layoffs At U.S. Corporations
The Cost Of Mining Bitcoin In 198 Different Countries

Disclosure: None.

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Or Sign in with