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2023
Exports $53.5MWorld Rnk 7 / 117
Flag Rnk 821 / 1217
2023
Destination $5M Canada
2022 - 2023
FASTEST GROWING MARKET $5MChinese Taipei
2023
PRODUCT COMPLEXITY IN Boiler Plants0.9Rnk 205 / 1025
2023
Imports $126MWorld Rnk 2 / 199
Flag Rnk 826 / 1215
2023
Origin $11.1M Canada
2022 - 2023
FASTEST GROWING ORIGIN $11.1MSouth Korea
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $53.5M in Boiler Plants, making it the 7th largest exporter of Boiler Plants in the world. At the same year, Boiler Plants was the 821st most exported product in United States. The main destination of Boiler Plants exports from United States are: Canada ($17.2M), Chinese Taipei ($5.28M), Thailand ($4.03M), Chile ($3.28M), and Mexico ($2.39M).

The fastest growing export markets for Boiler Plants of United States between 2022 and 2023 were Chinese Taipei ($5M), Thailand ($3.1M), and Canada ($2.73M).

Imports In 2023, United States imported $126M in Boiler Plants, becoming the 2nd largest importer of Boiler Plants in the world. At the same year, Boiler Plants was the 826th most imported product in United States. United States imports Boiler Plants primarily from: Canada ($34.6M), China ($23.4M), South Korea ($17.6M), Mexico ($9.3M), and Germany ($9.11M).

The fastest growing import markets in Boiler Plants for United States between 2022 and 2023 were South Korea ($11.1M), India ($5.82M), and Germany ($5.12M).

COMPANIES In 2023, leading companies such as Mahle Behr (23), PACCAR Engine (22), and Walgreens (15) were at the forefront of shipping Boiler Plants to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Boiler Plants exports accounted up to $10.6M and imports accounted up to $4.94M, resulting in a positive trade balance of $5.66M. Between November 2023 and November 2024 the exports of United States'   Boiler Plants have increased by $7.68M (262%) from $2.93M to $10.6M, while imports decreased by $-3.15M (-38.9%) from $8.09M to $4.94M.

Destinations In November 2024, Boiler Plants were exported mostly to Canada ($9.05M), Indonesia ($235k), Mexico ($213k), Finland ($213k), and United Kingdom ($144k), and were imported mostly from Canada ($2.75M), Mexico ($462k), South Korea ($415k), Germany ($346k), and Spain ($334k).

Growth In November 2024, the increase in Boiler Plants's year-by-year exports was explained primarily by an increase in exports to Brazil ($1.49M or 979%), New Zealand ($989k or 12.2k%), and Canada ($370k or 28.8%). In November 2024, the decrease in Boiler Plants's year-by-year imports was explained primarily by a decrease in imports from China ($-1.74M or -74.9%), Switzerland ($-108k or -94.8%), and Netherlands ($-81.5k or -73.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$7.68M(262%)
IMPORT GROWTH (November 2023 - November 2024)$-3.15M(-38.9%)
MAIN EXPORTER (November 2024)Virginia$7.88M
MAIN DESTINATION (November 2024)Canada$9.05M

This section shows Boiler Plants'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 Boiler Plants over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$53.5M
IMPORTS (2023)$126M
NET TRADE (2023)-$72.4M

In 2023, United States exported $53.5M in Boiler Plants. The main destinations of United States exports on Boiler Plants were Canada ($17.2M), Chinese Taipei ($5.28M), Thailand ($4.03M), Chile ($3.28M), and Mexico ($2.39M).

In 2023, United States imported $126M in Boiler Plants, mainly from Canada ($34.6M), China ($23.4M), South Korea ($17.6M), Mexico ($9.3M), and Germany ($9.11M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Boiler Plants EXPORT MARKETS FOR United States WERE (2022 - 2023):
Chinese Taipei$5M (1.8k%)
Thailand$3.1M (337%)
Canada$2.73M (18.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Boiler Plants BY United States WERE (2022 - 2023):
Nigeria-$27.9M (-94.7%)
Indonesia-$2.56M (-63.4%)
Mexico-$2.21M (-48%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Boiler Plants were:
China $396M
South Korea $158M
Germany $104M
In 2023, United States's main importing competitors in Boiler Plants were:
Indonesia $193M
United Kingdom $109M

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Trade Value of Boiler Plants by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $1.5M
TOP IMPORT POTENTIALChina+ $7.55M

Boiler Plants’s highest export potential is Indonesia. With an export gap of $1.5M.   Boiler Plants’s highest import potential is China with an import gap of $7.55M.

See methodology.

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