Air Conditioners in United States 2021 Exports | Imports : $2.46B | $11.3B, World Rnk 4 / 201 Rnk 118 / 1216 | World Rnk 1 / 223 Rnk 50 / 1215
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $164M | $937M, Canada | China
2021 ECONOMIC COMPLEXITY of United States: 1.46, Rnk 10 / 131
2021 PRODUCT COMPLEXITY IN Air Conditioners: 0.3, Rnk 443 / 1029
Exports In 2021, United States exported $2.46B in Air Conditioners, making it the 4th largest exporter of Air Conditioners in the world. At the same year, Air Conditioners was the 118th most exported product in United States. The main destination of Air Conditioners exports from United States are: Canada ($1.21B), Mexico ($400M), Singapore ($135M), United Kingdom ($87.6M), and Germany ($40.7M).
The fastest growing export markets for Air Conditioners of United States between 2020 and 2021 were Canada ($164M), Singapore ($95.8M), and Mexico ($63.4M).
Imports In 2021, United States imported $11.3B in Air Conditioners, becoming the 1st largest importer of Air Conditioners in the world. At the same year, Air Conditioners was the 50th most imported product in United States. United States imports Air Conditioners primarily from: Mexico ($4.81B), China ($3.2B), Thailand ($945M), Canada ($708M), and Japan ($346M).
The fastest growing import markets in Air Conditioners for United States between 2020 and 2021 were China ($937M), Mexico ($844M), and Thailand ($174M).
Tariffs In 2019, the average tariff for United States in Air Conditioners was 0.94%. The countries with the highest import tariffs for Air Conditioners were Burundi (Most Favoured Nation duty rate treatment, 1.33%), Democratic Republic of the Congo (Most Favoured Nation duty rate treatment, 1.33%), Algeria (Most Favoured Nation duty rate treatment, 1.33%), Egypt (Most Favoured Nation duty rate treatment, 1.33%), and Eritrea (Most Favoured Nation duty rate treatment, 1.33%).
February 2023
Overview In February 2023 United States' Air Conditioners exports accounted up to $216M and imports accounted up to $1.2B, resulting in a negative trade balance of $982M. Between February 2022 and February 2023 the exports of United States' Air Conditioners have decreased by $-6.86M (-3.08%) from $223M to $216M, while imports increased by $140M (13.2%) from $1.06B to $1.2B.
Destinations In February 2023, Air Conditioners were exported mostly to Canada ($113M), Mexico ($38.7M), Germany ($4.92M), United Kingdom ($4.69M), and Saudi Arabia ($4.16M), and were imported mostly from Mexico ($512M), China ($314M), Thailand ($149M), Canada ($75.3M), and Japan ($45.9M).
Growth In February 2023, the decrease in Air Conditioners's year-by-year exports was explained primarily by a decrease in exports to Bahrain ($-2.07M or -99.7%), Netherlands ($-1.18M or -67.9%), and France ($-1M or -41.7%). In February 2023, the increase in Air Conditioners's year-by-year imports was explained primarily by an increase in imports from China ($75.4M or 41.5%), Mexico ($74.1M or 22.9%), and Thailand ($24.2M or 32.4%).
EXPORT GROWTH (February 2022 - February 2023): $-6.86M, (-3.08%)
IMPORT GROWTH (February 2022 - February 2023): $140M, (13.2%)
MAIN EXPORTER (February 2023): Texas, $44.6M
MAIN DESTINATION (February 2023): Canada, $113M
This section shows Air Conditioners'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 Air Conditioners over time.
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EXPORTS (2021): $2.46B
IMPORTS (2021): $11.3B
NET TRADE (2021): -$8.81B
In 2021, United States exported $2.46B in Air Conditioners. The main destinations of United States exports on Air Conditioners were Canada ($1.21B), Mexico ($400M), Singapore ($135M), United Kingdom ($87.6M), and Germany ($40.7M).
In 2021, United States imported $11.3B in Air Conditioners, mainly from Mexico ($4.81B), China ($3.2B), Thailand ($945M), Canada ($708M), and Japan ($346M).
THE FASTEST GROWING Air Conditioners EXPORT MARKETS FOR United States WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Air Conditioners BY United States WERE (2020 - 2021):
In 2021, United States's main exporting competitors in Air Conditioners were:
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