Bi-Wheel Vehicle Parts in United States 2020 Exports | Imports : $604M | $1.55B, World Rnk 9 / 201 Rnk 311 / 1217 | World Rnk 2 / 220 Rnk 227 / 1214
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $28.6M | $22.8M, Thailand | Chinese Taipei
2020 ECONOMIC COMPLEXITY of United States: 1.56, Rnk 9 / 127
2020 PRODUCT COMPLEXITY IN Bi-Wheel Vehicle Parts: 0.96, Rnk 192 / 1029
Exports In 2020, United States exported $604M in Bi-Wheel Vehicle Parts, making it the 9th largest exporter of Bi-Wheel Vehicle Parts in the world. At the same year, Bi-Wheel Vehicle Parts was the 311th most exported product in United States. The main destination of Bi-Wheel Vehicle Parts exports from United States are: Thailand ($94.6M), Canada ($89.7M), Germany ($55.6M), Mexico ($41.1M), and Australia ($36.6M).
The fastest growing export markets for Bi-Wheel Vehicle Parts of United States between 2019 and 2020 were Thailand ($28.6M), Japan ($2.25M), and Australia ($500k).
Imports In 2020, United States imported $1.55B in Bi-Wheel Vehicle Parts, becoming the 2nd largest importer of Bi-Wheel Vehicle Parts in the world. At the same year, Bi-Wheel Vehicle Parts was the 227th most imported product in United States. United States imports Bi-Wheel Vehicle Parts primarily from: Chinese Taipei ($465M), China ($418M), Japan ($153M), Italy ($96.5M), and Mexico ($66.5M).
The fastest growing import markets in Bi-Wheel Vehicle Parts for United States between 2019 and 2020 were Chinese Taipei ($22.8M), Austria ($7.61M), and Germany ($5.65M).
Tariffs In 2019, the average tariff for United States in Bi-Wheel Vehicle Parts was 2.42%. The countries with the highest import tariffs for Bi-Wheel Vehicle Parts were Algeria (Most Favoured Nation duty rate treatement, 3.66%), Egypt (Most Favoured Nation duty rate treatement, 3.66%), Eritrea (Most Favoured Nation duty rate treatement, 3.66%), Western Sahara (Most Favoured Nation duty rate treatement, 3.66%), and Equatorial Guinea (Most Favoured Nation duty rate treatement, 3.66%).
December 2022
Overview In December 2022 United States' Bi-Wheel Vehicle Parts exports accounted up to $59.1M and imports accounted up to $165M, resulting in a negative trade balance of $106M. Between December 2021 and December 2022 the exports of United States' Bi-Wheel Vehicle Parts have decreased by $-10.5M (-15%) from $69.6M to $59.1M, while imports decreased by $-21.9M (-11.7%) from $187M to $165M.
Destinations In December 2022, Bi-Wheel Vehicle Parts were exported mostly to Thailand ($12.4M), Canada ($9.28M), Germany ($4.18M), Mexico ($4.09M), and Australia ($3.8M), and were imported mostly from Taiwan ($53.4M), China ($48.5M), Japan ($15.6M), Italy ($8.67M), and Vietnam ($6.01M).
Growth In December 2022, the decrease in Bi-Wheel Vehicle Parts's year-by-year exports was explained primarily by a decrease in exports to Germany ($-2.21M or -37.7%), Switzerland ($-734k or -63.7%), and Hong Kong ($-640k or -59.9%). In December 2022, the decrease in Bi-Wheel Vehicle Parts's year-by-year imports was explained primarily by a decrease in imports from Japan ($-1.52M or -8.94%), Slovenia ($-1.08M or -57.3%), and Vietnam ($-764k or -15.3%).
EXPORT GROWTH (December 2021 - December 2022): $-10.5M, (-15%)
IMPORT GROWTH (December 2021 - December 2022): $-21.9M, (-11.7%)
MAIN EXPORTER (December 2022): Wisconsin, $13.8M
MAIN DESTINATION (December 2022): Thailand, $12.4M
This section shows Bi-Wheel Vehicle 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 Bi-Wheel Vehicle Parts over time.
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EXPORTS (2020): $604M
IMPORTS (2020): $1.55B
NET TRADE (2020): -$946M
In 2020, United States exported $604M in Bi-Wheel Vehicle Parts. The main destinations of United States exports on Bi-Wheel Vehicle Parts were Thailand ($94.6M), Canada ($89.7M), Germany ($55.6M), Mexico ($41.1M), and Australia ($36.6M).
In 2020, United States imported $1.55B in Bi-Wheel Vehicle Parts, mainly from Chinese Taipei ($465M), China ($418M), Japan ($153M), Italy ($96.5M), and Mexico ($66.5M).
THE FASTEST GROWING Bi-Wheel Vehicle Parts EXPORT MARKETS FOR United States WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bi-Wheel Vehicle Parts BY United States WERE (2019 - 2020):
In 2020, United States's main exporting competitors in Bi-Wheel Vehicle Parts were:
In 2020, United States's main importing competitors in Bi-Wheel Vehicle Parts were:
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