2022
Exports | Imports
$11B | $29.8BWorld Rnk 3 / 222
Flag Rnk 28 / 1217
World Rnk 1 / 225
Flag Rnk 14 / 1216
2022
ECONOMIC COMPLEXITY of United States
1.41Rnk 10 / 124
2022
PRODUCT COMPLEXITY IN Insulated Wire
-0.57Rnk 718 / 1025

About

Exports In 2022, United States exported $11B in Insulated Wire, making it the 3rd largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 28th most exported product in United States. The main destination of Insulated Wire exports from United States are: Mexico ($4.51B), Canada ($2.28B), China ($395M), Germany ($303M), and Singapore ($222M).

The fastest growing export markets for Insulated Wire of United States between 2021 and 2022 were Mexico ($950M), Canada ($509M), and Singapore ($56M).

Imports In 2022, United States imported $29.8B in Insulated Wire, becoming the 1st largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 14th most imported product in United States. United States imports Insulated Wire primarily from: Mexico ($15.3B), China ($4.59B), Vietnam ($1.37B), Philippines ($950M), and Honduras ($853M).

The fastest growing import markets in Insulated Wire for United States between 2021 and 2022 were Mexico ($2.28B), China ($529M), and India ($278M).

COMPANIES In 2023, leading companies such as IKEA SUPPLY AG (3.33k), ELECTROLUX HOME PRODUCTS, INC. (2.27k), and TE CONNECTIVITY CORPORATION (2.22k) were at the forefront of shipping Insulated Wire to the United States.

Latest Trends

December 2023

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2022 - December 2023)$50.3M(5.27%)
IMPORT GROWTH (December 2022 - December 2023)$-69.6M(-3.12%)
MAIN EXPORTER (December 2023)
MAIN DESTINATION (December 2023)Mexico$314M

This section shows Insulated Wire'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 Insulated Wire over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$11B
IMPORTS (2022)$29.8B
NET TRADE (2022)-$18.8B

In 2022, United States exported $11B in Insulated Wire. The main destinations of United States exports on Insulated Wire were Mexico ($4.51B), Canada ($2.28B), China ($395M), Germany ($303M), and Singapore ($222M).

In 2022, United States imported $29.8B in Insulated Wire, mainly from Mexico ($15.3B), China ($4.59B), Vietnam ($1.37B), Philippines ($950M), and Honduras ($853M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$950M (26.7%)
Canada$509M (28.7%)
Singapore$56M (33.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY United States WERE (2021 - 2022):
China-$56.3M (-12.5%)
Russia-$42.1M (-87.6%)
Costa Rica-$19.4M (-22.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Insulated Wire were:
China $33.9B
Mexico $16.6B
In 2022, United States's main importing competitors in Insulated Wire were:
Germany $15.4B
Mexico $8.28B

Explore Visualizations

Trade Value of Insulated Wire by Exporters

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