Centrifuges in United States 2021 Exports | Imports : $11.1B | $13B, World Rnk 3 / 225 Rnk 27 / 1216 | World Rnk 1 / 225 Rnk 39 / 1215
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $353M | $452M, Canada | Mexico
2021 ECONOMIC COMPLEXITY of United States: 1.46, Rnk 10 / 131
2021 PRODUCT COMPLEXITY IN Centrifuges: 1, Rnk 171 / 1029
Exports In 2021, United States exported $11.1B in Centrifuges, making it the 3rd largest exporter of Centrifuges in the world. At the same year, Centrifuges was the 27th most exported product in United States. The main destination of Centrifuges exports from United States are: Canada ($2.32B), Mexico ($1.7B), China ($1.13B), France ($613M), and Germany ($456M).
The fastest growing export markets for Centrifuges of United States between 2020 and 2021 were Canada ($353M), China ($289M), and France ($132M).
Imports In 2021, United States imported $13B in Centrifuges, becoming the 1st largest importer of Centrifuges in the world. At the same year, Centrifuges was the 39th most imported product in United States. United States imports Centrifuges primarily from: Mexico ($2.86B), China ($2.24B), Germany ($1.9B), Canada ($1.3B), and Japan ($745M).
The fastest growing import markets in Centrifuges for United States between 2020 and 2021 were Mexico ($452M), Germany ($428M), and Japan ($240M).
Tariffs In 2019, the average tariff for United States in Centrifuges was 0.32%. The countries with the highest import tariffs for Centrifuges were Burundi (Most Favoured Nation duty rate treatment, 0.45%), Democratic Republic of the Congo (Most Favoured Nation duty rate treatment, 0.45%), Algeria (Most Favoured Nation duty rate treatment, 0.45%), Egypt (Most Favoured Nation duty rate treatment, 0.45%), and Eritrea (Most Favoured Nation duty rate treatment, 0.45%).
January 2023
Overview In January 2023 United States' Centrifuges exports accounted up to $1B and imports accounted up to $1.11B, resulting in a negative trade balance of $109M. Between January 2022 and January 2023 the exports of United States' Centrifuges have increased by $94.8M (10.5%) from $905M to $1B, while imports increased by $86.2M (8.43%) from $1.02B to $1.11B.
Destinations In January 2023, Centrifuges were exported mostly to Canada ($231M), Mexico ($185M), China ($88.4M), France ($44.7M), and Japan ($36.1M), and were imported mostly from Mexico ($301M), Germany ($136M), China ($119M), Canada ($105M), and Japan ($52.3M).
Growth In January 2023, the increase in Centrifuges's year-by-year exports was explained primarily by an increase in exports to France ($13.3M or 28.6%), Mexico ($12.2M or 9.55%), and Belgium ($9.28M or 43.5%). In January 2023, the increase in Centrifuges's year-by-year imports was explained primarily by an increase in imports from Germany ($30.8M or 34%), Japan ($10.3M or 18.3%), and United Kingdom ($9.46M or 41.3%).
EXPORT GROWTH (January 2022 - January 2023): $94.8M, (10.5%)
IMPORT GROWTH (January 2022 - January 2023): $86.2M, (8.43%)
MAIN EXPORTER (January 2023): Massachusetts, $100M
MAIN DESTINATION (January 2023): Canada, $231M
This section shows Centrifuges'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 Centrifuges over time.
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EXPORTS (2021): $11.1B
IMPORTS (2021): $13B
NET TRADE (2021): -$1.93B
In 2021, United States exported $11.1B in Centrifuges. The main destinations of United States exports on Centrifuges were Canada ($2.32B), Mexico ($1.7B), China ($1.13B), France ($613M), and Germany ($456M).
In 2021, United States imported $13B in Centrifuges, mainly from Mexico ($2.86B), China ($2.24B), Germany ($1.9B), Canada ($1.3B), and Japan ($745M).
THE FASTEST GROWING Centrifuges EXPORT MARKETS FOR United States WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Centrifuges BY United States WERE (2020 - 2021):
In 2021, United States's main exporting competitors in Centrifuges were:
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