Telephones in United States

EXPORTS (2018): $2.48B, World Rnk 7 / 202
Flag Rnk 117 / 1222

TOP DESTINATION (2018): $626M, Mexico

FASTEST GROWING MARKET (2017 - 2018): $99.1M, Saudi Arabia

IMPORTS (2018): $18.8B, World Rnk 3 / 219
Flag Rnk 20 / 1217

TOP ORIGIN (2018): $12.6B, Mexico

FASTEST GROWING ORIGIN (2017 - 2018): $2.97B, China

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

PRODUCT COMPLEXITY  IN Telephones (2018): 0.47, Rnk 386 / 1018

Overview: This page contains the latest trade data of Telephones in United States.

Exports: In 2018, United States exported $2.48B in Telephones, making it the 7th largest exporter of Telephones in the world. At the same year, Telephones was the 117th most exported product in United States. The main destination of Telephones exports from United States are: Mexico ($626M), Hong Kong ($294M), Netherlands ($143M), China ($110M), and Saudi Arabia ($99.2M).

The fastest growing export markets for Telephones of United States between 2017 and 2018 were Saudi Arabia ($99.1M), Thailand ($97.1M), and Australia ($46.2M).

Imports: In 2018, United States imported $18.8B in Telephones, becoming the 3rd largest importer of Telephones in the world. At the same year, Telephones was the 20th most imported product in United States. United States imports Telephones primarily from: Mexico ($12.6B), China ($3.17B), South Korea ($484M), Chinese Taipei ($367M), and Thailand ($310M).

The fastest growing import markets in Telephones for United States between 2017 and 2018 were China ($2.97B), Mexico ($527M), and South Korea ($483M).

Overview: In August 2020 United States' Telephones exports accounted up to $2.07B and imports accounted up to $8.08B, resulting in a negative trade balance of $6.01B. Between August 2019 and August 2020 the exports of United States'   Telephones have decreased by $-358M (-14.7%) from $2.43B to $2.07B, while imports decreased by $-787M (-8.88%) from $8.87B to $8.08B.

Destinations: In August 2020 Telephones exported mostly to Canada ($219M), Hong Kong ($210M), Mexico ($201M), Netherlands ($150M), and United Arab Emirates ($85.7M), and imported mostly from China ($3.7B), Vietnam ($2.03B), Mexico ($652M), Taiwan ($433M), and Thailand ($267M).

Growth: In August 2020, the decrease in Telephones's year-by-year exports was explained primarily by a decrease in exports to Hong Kong ($-103M or -33%), Mexico ($-83.2M or -29.3%), and Canada ($-82.4M or -27.4%). In August 2020, the decrease in Telephones's year-by-year imports was explained primarily by a decrease in imports from China ($-642M or -14.8%), South Korea ($-312M or -65.1%), and Mexico ($-42.5M or -6.12%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (August 2019 - August 2020): $-358M, (-14.7%)

IMPORT GROWTH (August 2019 - August 2020): $-787M, (-8.88%)

MAIN EXPORTER (August 2020): Texas, $470M

MAIN DESTINATION (August 2020): Canada, $219M

This section shows Telephones'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 Telephones over time.

Value

EXPORTS (2018): $2.48B

IMPORTS (2018): $18.8B

NET TRADE (2018): -$16.3B

In 2018, United States exported $2.48B in Telephones. The main destinations of United States exports on Telephones were Mexico ($626M), Hong Kong ($294M), Netherlands ($143M), China ($110M), and Saudi Arabia ($99.2M).

In 2018, United States imported $18.8B in Telephones, mainly from Mexico ($12.6B), China ($3.17B), South Korea ($484M), Chinese Taipei ($367M), and Thailand ($310M).

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IN 2018, United States HAD A POSITIVE NET TRADE IN Telephones WITH:

  • Hong Kong, $271M ($294M - $23.3M)
  • Netherlands, $101M ($143M - $42.1M)
  • Saudi Arabia, $98.1M ($99.2M - $1.1M)

IN 2018, United States HAD A NEGATIVE NET TRADE IN Telephones WITH:

  • Mexico, -$12B ($626M - $12.6B)
  • China, -$3.06B ($110M - $3.17B)
  • South Korea, -$429M ($54.8M - $484M)
Flow

THE FASTEST GROWING Telephones EXPORT MARKETS FOR United States WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Telephones BY United States WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, United States's main exporting competitors in Telephones were:

In 2018, United States's main importing competitors in Telephones were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Telephones 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 2017, the tariffs for Telephones in the imports of United States were of 0% around the world.

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