Electrical Transformers in   United States

Overview In January 2024 United States' Electrical Transformers exports accounted up to $604M and imports accounted up to $2.17B, resulting in a negative trade balance of $1.57B. Between January 2023 and January 2024 the exports of United States'   Electrical Transformers have decreased by $-11.1M (-1.8%) from $615M to $604M, while imports increased by $47.3M (2.23%) from $2.12B to $2.17B.

Destinations In January 2024, Electrical Transformers were exported mostly to Mexico ($192M), Canada ($125M), Netherlands ($27.8M), China ($25.1M), and Germany ($21.6M), and were imported mostly from Mexico ($460M), China ($349M), Thailand ($174M), Vietnam ($120M), and Japan ($113M).

Growth In January 2024, the decrease in Electrical Transformers's year-by-year exports was explained primarily by a decrease in exports to Japan ($-3.83M or -27.6%), Netherlands ($-3.78M or -13.3%), and Hong Kong ($-3.68M or -29.2%). In January 2024, the increase in Electrical Transformers's year-by-year imports was explained primarily by an increase in imports from Mexico ($130M or 47%), South Korea ($85.3M or 248%), and Thailand ($74.3M or 83.3%).