2022
Exports
$208MWorld Rnk 5 / 126
Flag Rnk 579 / 1217
2022
PRODUCT COMPLEXITY IN Casting Machines
0.63Rnk 304 / 1025
2022
Imports
$350MWorld Rnk 1 / 183
Flag Rnk 641 / 1216
2022
ECONOMIC COMPLEXITY of United States
1.47Rnk 10 / 133

About

Exports In 2022, United States exported $208M in Casting Machines, making it the 5th largest exporter of Casting Machines in the world. At the same year, Casting Machines was the 579th most exported product in United States. The main destination of Casting Machines exports from United States are: Canada ($39M), China ($34.8M), Germany ($17M), India ($15.5M), and Mexico ($14.4M).

The fastest growing export markets for Casting Machines of United States between 2021 and 2022 were China ($24.3M), Germany ($11.3M), and India ($9.94M).

Imports In 2022, United States imported $350M in Casting Machines, becoming the 1st largest importer of Casting Machines in the world. At the same year, Casting Machines was the 641st most imported product in United States. United States imports Casting Machines primarily from: Canada ($98.8M), Italy ($50M), Japan ($44.5M), China ($44.4M), and Germany ($36.5M).

The fastest growing import markets in Casting Machines for United States between 2021 and 2022 were China ($14.9M), Canada ($10.4M), and Italy ($4.75M).

COMPANIES In 2023, leading companies such as Mattel (539), ABB Motors and Mechanical (216), and CNH Industrial (186) were at the forefront of shipping Casting Machines to the United States.

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-2.09M(-11.4%)
IMPORT GROWTH (June 2023 - June 2024)$4.24M(11.7%)
MAIN EXPORTER (June 2024)Washington$11.4M
MAIN DESTINATION (June 2024)China$5.99M

This section shows Casting Machines'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 Casting Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$208M
IMPORTS (2022)$350M
NET TRADE (2022)-$142M

In 2022, United States exported $208M in Casting Machines. The main destinations of United States exports on Casting Machines were Canada ($39M), China ($34.8M), Germany ($17M), India ($15.5M), and Mexico ($14.4M).

In 2022, United States imported $350M in Casting Machines, mainly from Canada ($98.8M), Italy ($50M), Japan ($44.5M), China ($44.4M), and Germany ($36.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Casting Machines EXPORT MARKETS FOR United States WERE (2021 - 2022):
China$24.3M (232%)
Germany$11.3M (200%)
India$9.94M (177%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Casting Machines BY United States WERE (2021 - 2022):
Mexico-$6.03M (-29.5%)
Russia-$3.76M (-91%)
Vietnam-$1.46M (-84.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Casting Machines were:
China $862M
Italy $360M
Japan $267M
In 2022, United States's main importing competitors in Casting Machines were:
India $239M
China $234M

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Trade Value of Casting Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $4.13M
TOP IMPORT POTENTIALChina+ $19M

Casting Machines’s highest export potential is China. With an export gap of $4.13M.   Casting Machines’s highest import potential is China with an import gap of $19M.

See methodology.

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