New 50% OFF discount for academic accounts !
New 2022 ECI Rankings !
New Company Reports !
New Product Data Download Page !
Sign In
Pricing

2022
Exports | Imports $1.23B | $3.57BWorld Rnk 5 / 186
Flag Rnk 231 / 1217
World Rnk 2 / 219
Flag Rnk 159 / 1216
2021 - 2022
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN $36.2M | $97.8MCanada |  Mexico
2022
ECONOMIC COMPLEXITY of United States1.41Rnk 10 / 124
2022
PRODUCT COMPLEXITY IN Electric Motor Parts0.73Rnk 277 / 1025

About

Exports In 2022, United States exported $1.23B in Electric Motor Parts, making it the 5th largest exporter of Electric Motor Parts in the world. At the same year, Electric Motor Parts was the 231st most exported product in United States. The main destination of Electric Motor Parts exports from United States are: Mexico ($495M), Canada ($138M), Germany ($52.7M), South Korea ($49.4M), and China ($44.5M).

The fastest growing export markets for Electric Motor Parts of United States between 2021 and 2022 were Canada ($36.2M), Mexico ($29.5M), and Ireland ($17.1M).

Imports In 2022, United States imported $3.57B in Electric Motor Parts, becoming the 2nd largest importer of Electric Motor Parts in the world. At the same year, Electric Motor Parts was the 159th most imported product in United States. United States imports Electric Motor Parts primarily from: Mexico ($914M), China ($646M), Japan ($492M), India ($352M), and Canada ($204M).

The fastest growing import markets in Electric Motor Parts for United States between 2021 and 2022 were Mexico ($97.8M), India ($83.9M), and Chinese Taipei ($63.1M).

COMPANIES In 2023, leading companies such as ABB MOTORS AND MECHANICAL INC (44.4k), VESTAS NACELLES AMERICA INC. (12.2k), and ROBERT BOSCH TOOL CORPORATION (6.16k) were at the forefront of shipping Electric Motor Parts to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United States' Electric Motor Parts exports accounted up to $124M and imports accounted up to $297M, resulting in a negative trade balance of $173M. Between January 2023 and January 2024 the exports of United States'   Electric Motor Parts have increased by $21.1M (20.6%) from $103M to $124M, while imports increased by $13.9M (4.92%) from $283M to $297M.

Destinations In January 2024, Electric Motor Parts were exported mostly to Mexico ($43.2M), Canada ($17.8M), South Korea ($8.22M), Italy ($6.94M), and United Kingdom ($5.87M), and were imported mostly from France ($70.9M), Japan ($51.4M), Mexico ($51.1M), China ($29.6M), and Canada ($18.8M).

Growth In January 2024, the increase in Electric Motor Parts's year-by-year exports was explained primarily by an increase in exports to Greece ($3.87M or 12.2k%), Canada ($2.76M or 30.7%), and United Kingdom ($2.33M or 128%). In January 2024, the increase in Electric Motor Parts's year-by-year imports was explained primarily by an increase in imports from Japan ($25.9M or 62.9%), Denmark ($15.1M or 2.32k%), and Brazil ($7.7M or 261%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2023 - January 2024)$21.1M(20.6%)
IMPORT GROWTH (January 2023 - January 2024)$13.9M(4.92%)
MAIN EXPORTER (January 2024)Texas$27.9M
MAIN DESTINATION (January 2024)Mexico$43.2M

This section shows Electric Motor Parts'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 Electric Motor Parts over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$1.23B
IMPORTS (2022)$3.57B
NET TRADE (2022)-$2.34B

In 2022, United States exported $1.23B in Electric Motor Parts. The main destinations of United States exports on Electric Motor Parts were Mexico ($495M), Canada ($138M), Germany ($52.7M), South Korea ($49.4M), and China ($44.5M).

In 2022, United States imported $3.57B in Electric Motor Parts, mainly from Mexico ($914M), China ($646M), Japan ($492M), India ($352M), and Canada ($204M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Motor Parts EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$36.2M (35.7%)
Mexico$29.5M (6.34%)
Ireland$17.1M (494%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Motor Parts BY United States WERE (2021 - 2022):
Germany-$7.64M (-12.7%)
Chinese Taipei-$5.39M (-32.4%)
Bahrain-$3.7M (-86.6%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Electric Motor Parts were:
China $6.95B
Germany $2.21B
Japan $1.62B
In 2022, United States's main importing competitors in Electric Motor Parts were:
Germany $3.58B
Mexico $1.33B

Explore Visualizations

Trade Value of Electric Motor Parts by Exporters

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms