Milling Stones in United States | The Observatory of Economic Complexity

About

Exports In 2022, United States exported $250M in Milling Stones, making it the 6th largest exporter of Milling Stones in the world. At the same year, Milling Stones was the 549th most exported product in United States. The main destination of Milling Stones exports from United States are: Mexico ($62.4M), Canada ($54.9M), Chinese Taipei ($18.3M), China ($14.7M), and Germany ($14.2M).

The fastest growing export markets for Milling Stones of United States between 2021 and 2022 were Chinese Taipei ($12.1M), Mexico ($3.89M), and Japan ($2.52M).

Imports In 2022, United States imported $534M in Milling Stones, becoming the 1st largest importer of Milling Stones in the world. At the same year, Milling Stones was the 520th most imported product in United States. United States imports Milling Stones primarily from: China ($93.9M), South Korea ($62.4M), Italy ($53.8M), Mexico ($53.1M), and Japan ($48M).

The fastest growing import markets in Milling Stones for United States between 2021 and 2022 were Mexico ($15.8M), Italy ($8.72M), and Switzerland ($4.78M).

COMPANIES In 2023, leading companies such as ROBERT BOSCH TOOL CORPORATION (4.36k), AMAZON SERVICES LLC (464), and COSTCO WHOLESALE COPRORATION (348) were at the forefront of shipping Milling Stones to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United States' Milling Stones exports accounted up to $20.7M and imports accounted up to $43.1M, resulting in a negative trade balance of $22.3M. Between January 2023 and January 2024 the exports of United States' Milling Stones have increased by $214k (1.05%) from $20.5M to $20.7M, while imports increased by $2.64M (6.54%) from $40.4M to $43.1M.

Destinations In January 2024, Milling Stones were exported mostly to Mexico ($5.9M), Canada ($4.98M), Taiwan ($1.24M), Australia ($1.09M), and Germany ($864k), and were imported mostly from China ($6.65M), Japan ($4.49M), South Korea ($3.82M), Mexico ($3.71M), and Germany ($3.18M).

Growth In January 2024, the increase in Milling Stones's year-by-year exports was explained primarily by an increase in exports to Mexico ($1.69M or 39.1%), Canada ($1.48M or 36.3%), and Taiwan ($485k or 128%). In January 2024, the increase in Milling Stones's year-by-year imports was explained primarily by an increase in imports from Switzerland ($984k or 105%), Mexico ($897k or 35.6%), and Poland ($885k or 177%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$214k(1.05%)

IMPORT GROWTH (January 2023 - January 2024)$2.64M(6.54%)

MAIN EXPORTER (January 2024)Massachusetts$3.26M

MAIN DESTINATION (January 2024)Mexico$5.9M

This section shows Milling Stones's exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Milling Stones over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$250M

IMPORTS (2022)$534M

NET TRADE (2022)-$284M

In 2022, United States exported $250M in Milling Stones. The main destinations of United States exports on Milling Stones were Mexico ($62.4M), Canada ($54.9M), Chinese Taipei ($18.3M), China ($14.7M), and Germany ($14.2M).

In 2022, United States imported $534M in Milling Stones, mainly from China ($93.9M), South Korea ($62.4M), Italy ($53.8M), Mexico ($53.1M), and Japan ($48M).

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