Electrical machinery and electronics in United States | The Observatory of Economic Complexity

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Exports In 2022, United States exported $181B in Electrical machinery and electronics, making it the 4th largest exporter of Electrical machinery and electronics in the world. At the same year, Electrical machinery and electronics was the 3rd most exported product in United States. The main destination of Electrical machinery and electronics exports from United States are: Mexico ($43.7B), Canada ($22.4B), China ($16B), Hong Kong ($9.83B), and Chinese Taipei ($7.5B).

The fastest growing export markets for Electrical machinery and electronics of United States between 2021 and 2022 were Mexico ($6.39B), Canada ($3.74B), and Chinese Taipei ($1.03B).

Imports In 2022, United States imported $449B in Electrical machinery and electronics, becoming the 1st largest importer of Electrical machinery and electronics in the world. At the same year, Electrical machinery and electronics was the 2nd most imported product in United States. United States imports Electrical machinery and electronics primarily from: China ($139B), Mexico ($81.8B), Vietnam ($41.9B), Chinese Taipei ($24.8B), and Malaysia ($23.6B).

The fastest growing import markets in Electrical machinery and electronics for United States between 2021 and 2022 were China ($11.5B), Vietnam ($8.25B), and Mexico ($7.62B).

COMPANIES In 2023, leading companies such as LG ELECTRONICS U.S.A. INC. (950k), SAMSUNG ELECTRONICS AMERICA (843k), and ROBERT BOSCH TOOL CORPORATION (416k) were at the forefront of shipping Electrical machinery and electronics to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United States' Electrical machinery and electronics exports accounted up to $16.9B and imports accounted up to $36B, resulting in a negative trade balance of $19.1B. Between January 2023 and January 2024 the exports of United States' Electrical machinery and electronics have increased by $613M (3.77%) from $16.3B to $16.9B, while imports decreased by $-2.64B (-6.84%) from $38.6B to $36B.

Destinations In January 2024, Electrical machinery and electronics were exported mostly to Mexico ($4.54B), Canada ($2.27B), China ($984M), Hong Kong ($815M), and Taiwan ($664M), and were imported mostly from China ($9.8B), Mexico ($6.6B), Vietnam ($2.92B), Taiwan ($2.31B), and Malaysia ($1.88B).

Growth In January 2024, the increase in Electrical machinery and electronics's year-by-year exports was explained primarily by an increase in exports to Mexico ($383M or 9.62%), Canada ($350M or 17.9%), and Poland ($165M or 122%). In January 2024, the decrease in Electrical machinery and electronics's year-by-year imports was explained primarily by a decrease in imports from China ($-1.25B or -9.57%), Vietnam ($-481M or -12.1%), and Estonia ($-53.6M or -81.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$613M(3.77%)

IMPORT GROWTH (January 2023 - January 2024)$-2.64B(-6.84%)

MAIN EXPORTER (January 2024)Texas$4.13B

MAIN DESTINATION (January 2024)Mexico$4.54B

This section shows Electrical machinery and electronics'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 Electrical machinery and electronics over time.

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