Machinery Having Individual Functions in United States

EXPORTS (2018): $13.2B, World Rnk 4 / 205
Flag Rnk 19 / 1222

TOP DESTINATION (2018): $1.39B, Mexico

FASTEST GROWING MARKET (2017 - 2018): $1.18B, Chinese Taipei

IMPORTS (2018): $15.6B, World Rnk 2 / 220
Flag Rnk 21 / 1217

TOP ORIGIN (2018): $2.81B, Japan

FASTEST GROWING ORIGIN (2017 - 2018): $389M, Mexico

ECONOMIC COMPLEXITY of United States (2018): 1.57, Rnk 9 / 137

PRODUCT COMPLEXITY  IN Machinery Having Individual Functions (2018): 2.01, Rnk 10 / 1018

Overview: This page contains the latest trade data of Machinery Having Individual Functions in United States.

Exports: In 2018, United States exported $13.2B in Machinery Having Individual Functions, making it the 4th largest exporter of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 19th most exported product in United States. The main destination of Machinery Having Individual Functions exports from United States are: Mexico ($1.39B), South Korea ($1.37B), China ($1.32B), Chinese Taipei ($1.18B), and Japan ($1.18B).

The fastest growing export markets for Machinery Having Individual Functions of United States between 2017 and 2018 were Chinese Taipei ($1.18B), Singapore ($878M), and Mexico ($448M).

Imports: In 2018, United States imported $15.6B in Machinery Having Individual Functions, becoming the 2nd largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 21st most imported product in United States. United States imports Machinery Having Individual Functions primarily from: Japan ($2.81B), Germany ($2.57B), China ($1.75B), Netherlands ($1.23B), and Canada ($1.17B).

The fastest growing import markets in Machinery Having Individual Functions for United States between 2017 and 2018 were Mexico ($389M), Netherlands ($374M), and Germany ($361M).

Tariffs: In 2018, the average tariff for United States in Machinery Having Individual Functions was 0.25%. The countries with the highest import tariffs for Machinery Having Individual Functions were Equatorial Guinea (0.54%), Libya (0.54%), Mayotte (0.54%), Reunion (0.54%), and Sudan (0.54%).

Overview: In July 2020 United States' Machinery Having Individual Functions exports accounted up to $487M and imports accounted up to $654M, resulting in a negative trade balance of $167M. Between July 2019 and July 2020 the exports of United States'   Machinery Having Individual Functions have decreased by $-128M (-20.8%) from $615M to $487M, while imports decreased by $-136M (-17.2%) from $790M to $654M.

Destinations: In July 2020 Machinery Having Individual Functions exported mostly to Canada ($94.3M), Mexico ($83.6M), Japan ($54.6M), China ($33.2M), and Germany ($20.8M), and imported mostly from Germany ($137M), China ($81.1M), Canada ($79.1M), Japan ($60.6M), and Mexico ($50.1M).

Growth: In July 2020, the decrease in Machinery Having Individual Functions's year-by-year exports was explained primarily by a decrease in exports to Russia ($-52.8M or -88.9%), United Arab Emirates ($-26.6M or -73.6%), and Japan ($-18.9M or -24.8%). In July 2020, the decrease in Machinery Having Individual Functions's year-by-year imports was explained primarily by a decrease in imports from Japan ($-33M or -46.7%), China ($-29.7M or -28.3%), and Germany ($-20.3M or -15.7%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (July 2019 - July 2020): $-128M, (-20.8%)

IMPORT GROWTH (July 2019 - July 2020): $-136M, (-17.2%)

MAIN EXPORTER (July 2020): Texas, $94.7M

MAIN DESTINATION (July 2020): Canada, $94.3M

This section shows Machinery Having Individual Functions'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 Machinery Having Individual Functions over time.

Value

EXPORTS (2018): $13.2B

IMPORTS (2018): $15.6B

NET TRADE (2018): -$2.39B

In 2018, United States exported $13.2B in Machinery Having Individual Functions. The main destinations of United States exports on Machinery Having Individual Functions were Mexico ($1.39B), South Korea ($1.37B), China ($1.32B), Chinese Taipei ($1.18B), and Japan ($1.18B).

In 2018, United States imported $15.6B in Machinery Having Individual Functions, mainly from Japan ($2.81B), Germany ($2.57B), China ($1.75B), Netherlands ($1.23B), and Canada ($1.17B).

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IN 2018, United States HAD A POSITIVE NET TRADE IN Machinery Having Individual Functions WITH:

  • Chinese Taipei, $911M ($1.18B - $273M)
  • Singapore, $531M ($1.01B - $476M)
  • South Korea, $455M ($1.37B - $916M)

IN 2018, United States HAD A NEGATIVE NET TRADE IN Machinery Having Individual Functions WITH:

  • Germany, -$2.01B ($564M - $2.57B)
  • Japan, -$1.63B ($1.18B - $2.81B)
  • Italy, -$599M ($53.5M - $652M)
Flow

THE FASTEST GROWING Machinery Having Individual Functions EXPORT MARKETS FOR United States WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery Having Individual Functions BY United States WERE (2017 - 2018):

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Market Concentration

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Type

In 2018, United States's main exporting competitors in Machinery Having Individual Functions were:

In 2018, United States's main importing competitors in Machinery Having Individual Functions were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Machinery Having Individual Functions in United States. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2018, the average tariff for United States in Machinery Having Individual Functions was 0.25%.

The countries with the highest tariffs for Machinery Having Individual Functions in United States were Equatorial Guinea (0.54%), Libya (0.54%), Mayotte (0.54%), Reunion (0.54%), and Sudan (0.54%).

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