Broadcasting Equipment in United States 2020 Exports | Imports : $21.5B | $82B, World Rnk 3 / 222 Rnk 13 / 1217 | World Rnk 1 / 225 Rnk 4 / 1214
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $225M | $2.28B, Philippines | Vietnam
2020 ECONOMIC COMPLEXITY of United States: 1.56, Rnk 9 / 127
2020 PRODUCT COMPLEXITY IN Broadcasting Equipment: 0.75, Rnk 256 / 1029
Exports In 2020, United States exported $21.5B in Broadcasting Equipment, making it the 3rd largest exporter of Broadcasting Equipment in the world. At the same year, Broadcasting Equipment was the 13th most exported product in United States. The main destination of Broadcasting Equipment exports from United States are: Hong Kong ($3.3B), Canada ($2.05B), Netherlands ($1.85B), Mexico ($1.67B), and United Arab Emirates ($1.37B).
The fastest growing export markets for Broadcasting Equipment of United States between 2019 and 2020 were Philippines ($225M), United Arab Emirates ($140M), and Ecuador ($121M).
Imports In 2020, United States imported $82B in Broadcasting Equipment, becoming the 1st largest importer of Broadcasting Equipment in the world. At the same year, Broadcasting Equipment was the 4th most imported product in United States. United States imports Broadcasting Equipment primarily from: China ($47.5B), Vietnam ($14.3B), Chinese Taipei ($3.83B), Mexico ($2.33B), and South Korea ($2.24B).
The fastest growing import markets in Broadcasting Equipment for United States between 2019 and 2020 were Vietnam ($2.28B), Thailand ($1.21B), and Chinese Taipei ($917M).
Tariffs In 2017, the average tariff for United States in Broadcasting Equipment was 0.29%. The countries with the highest import tariffs for Broadcasting Equipment were Equatorial Guinea (Most Favoured Nation duty rate treatement, 0.5%), Libya (Most Favoured Nation duty rate treatement, 0.5%), Mayotte (Most Favoured Nation duty rate treatement, 0.5%), Reunion (Most Favoured Nation duty rate treatement, 0.5%), and Sudan (Most Favoured Nation duty rate treatement, 0.5%).
December 2022
Overview In December 2022 United States' Broadcasting Equipment exports accounted up to $89.4M and imports accounted up to $263M, resulting in a negative trade balance of $174M. Between December 2021 and December 2022 the exports of United States' Broadcasting Equipment have decreased by $-161M (-64.2%) from $250M to $89.4M, while imports decreased by $-845M (-76.3%) from $1.11B to $263M.
Destinations In December 2022, Broadcasting Equipment were exported mostly to Canada ($110M), Mexico ($33.7M), Germany ($16.5M), Australia ($8.11M), and France ($7.5M), and were imported mostly from China ($212M), Vietnam ($156M), Taiwan ($106M), Japan ($85.6M), and Thailand ($82.1M).
Growth In December 2022, the decrease in Broadcasting Equipment's year-by-year exports was explained primarily by a decrease in exports to India ($-5.82M or -81.5%), China ($-3.48M or -31.2%), and Slovakia ($-2.31M or -91.8%). In December 2022, the decrease in Broadcasting Equipment's year-by-year imports was explained primarily by a decrease in imports from Germany ($-1.96M or -8.29%), Poland ($-1.8M or -27%), and Hungary ($-1.6M or -30.8%).
EXPORT GROWTH (December 2021 - December 2022): $-161M, (-64.2%)
IMPORT GROWTH (December 2021 - December 2022): $-845M, (-76.3%)
MAIN EXPORTER (December 2022): California, $47.1M
MAIN DESTINATION (December 2022): Canada, $110M
This section shows Broadcasting Equipment'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 Broadcasting Equipment over time.
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EXPORTS (2020): $21.5B
IMPORTS (2020): $82B
NET TRADE (2020): -$60.4B
In 2020, United States exported $21.5B in Broadcasting Equipment. The main destinations of United States exports on Broadcasting Equipment were Hong Kong ($3.3B), Canada ($2.05B), Netherlands ($1.85B), Mexico ($1.67B), and United Arab Emirates ($1.37B).
In 2020, United States imported $82B in Broadcasting Equipment, mainly from China ($47.5B), Vietnam ($14.3B), Chinese Taipei ($3.83B), Mexico ($2.33B), and South Korea ($2.24B).
THE FASTEST GROWING Broadcasting Equipment EXPORT MARKETS FOR United States WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Broadcasting Equipment BY United States WERE (2019 - 2020):
In 2020, United States's main exporting competitors in Broadcasting Equipment were:
In 2020, United States's main importing competitors in Broadcasting Equipment were:
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