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2022
Exports $256MWorld Rnk 2 / 154
Flag Rnk 542 / 1217
2022
Destination $49M Australia
2021 - 2022
FASTEST GROWING MARKET $49MAustralia
2022
PRODUCT COMPLEXITY IN Binoculars and Telescopes0.32Rnk 438 / 1025
2022
Imports $485MWorld Rnk 1 / 209
Flag Rnk 550 / 1216
2022
Origin $16M China
2021 - 2022
FASTEST GROWING ORIGIN $16MChile
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $256M in Binoculars and Telescopes, making it the 2nd largest exporter of Binoculars and Telescopes in the world. At the same year, Binoculars and Telescopes was the 542nd most exported product in United States. The main destination of Binoculars and Telescopes exports from United States are: Australia ($64.3M), Canada ($37.4M), Saudi Arabia ($31.5M), Germany ($7.56M), and Ukraine ($7.44M).

The fastest growing export markets for Binoculars and Telescopes of United States between 2021 and 2022 were Australia ($49M), Ukraine ($6.3M), and Pakistan ($4.07M).

Imports In 2022, United States imported $485M in Binoculars and Telescopes, becoming the 1st largest importer of Binoculars and Telescopes in the world. At the same year, Binoculars and Telescopes was the 550th most imported product in United States. United States imports Binoculars and Telescopes primarily from: China ($265M), Austria ($32.1M), Japan ($24.8M), Germany ($22.1M), and Philippines ($20.8M).

The fastest growing import markets in Binoculars and Telescopes for United States between 2021 and 2022 were Chile ($16M), Philippines ($6.07M), and France ($3.63M).

COMPANIES In 2023, leading companies such as CrimsonLogic (119), Cooper Lighting Solutions (64), and CSI Importers (38) were at the forefront of shipping Binoculars and Telescopes to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Binoculars and Telescopes exports accounted up to $28.5M and imports accounted up to $34.4M, resulting in a negative trade balance of $5.87M. Between August 2023 and August 2024 the exports of United States'   Binoculars and Telescopes have increased by $6.63M (30.3%) from $21.9M to $28.5M, while imports increased by $5.51M (19.1%) from $28.9M to $34.4M.

Destinations In August 2024, Binoculars and Telescopes were exported mostly to Israel ($6.54M), Germany ($4.73M), United Kingdom ($2.6M), Canada ($2.23M), and Ukraine ($2.04M), and were imported mostly from China ($22.7M), Austria ($2.98M), Japan ($1.84M), Greece ($1.63M), and Portugal ($1.03M).

Growth In August 2024, the increase in Binoculars and Telescopes's year-by-year exports was explained primarily by an increase in exports to Saudi Arabia ($3.44M or 18.5k%), Chile ($1.59M or 226%), and New Zealand ($509k or 541%). In August 2024, the increase in Binoculars and Telescopes's year-by-year imports was explained primarily by an increase in imports from Greece ($778k or 109%), Lithuania ($693k or 154%), and Austria ($419k or 19.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$6.63M(30.3%)
IMPORT GROWTH (August 2023 - August 2024)$5.51M(19.1%)
MAIN EXPORTER (August 2024)New Hampshire$25.3M
MAIN DESTINATION (August 2024)Israel$6.54M

This section shows Binoculars and Telescopes'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 Binoculars and Telescopes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$256M
IMPORTS (2022)$485M
NET TRADE (2022)-$229M

In 2022, United States exported $256M in Binoculars and Telescopes. The main destinations of United States exports on Binoculars and Telescopes were Australia ($64.3M), Canada ($37.4M), Saudi Arabia ($31.5M), Germany ($7.56M), and Ukraine ($7.44M).

In 2022, United States imported $485M in Binoculars and Telescopes, mainly from China ($265M), Austria ($32.1M), Japan ($24.8M), Germany ($22.1M), and Philippines ($20.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Binoculars and Telescopes EXPORT MARKETS FOR United States WERE (2021 - 2022):
Australia$49M (319%)
Ukraine$6.3M (555%)
Pakistan$4.07M (404%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Binoculars and Telescopes BY United States WERE (2021 - 2022):
Saudi Arabia-$7.64M (-19.5%)
United Arab Emirates-$2.14M (-85.6%)
Brazil-$2.13M (-83.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Binoculars and Telescopes were:
China $730M
Germany $138M
In 2022, United States's main importing competitors in Binoculars and Telescopes were:
Germany $175M
Australia $96.4M

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Trade Value of Binoculars and Telescopes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $2.96M
TOP IMPORT POTENTIALGermany+ $4.55M

Binoculars and Telescopes’s highest export potential is Germany. With an export gap of $2.96M.   Binoculars and Telescopes’s highest import potential is Germany with an import gap of $4.55M.

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