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%).
March 2023
Overview In March 2023 United States' Centrifuges exports accounted up to $1.19B and imports accounted up to $1.18B, resulting in a positive trade balance of $11.1M. Between March 2022 and March 2023 the exports of United States' Centrifuges have decreased by $-22.2M (-1.83%) from $1.21B to $1.19B, while imports decreased by $-16.6M (-1.38%) from $1.2B to $1.18B.
Destinations In March 2023, Centrifuges were exported mostly to Canada ($284M), Mexico ($214M), China ($103M), France ($52.7M), and Germany ($40.9M), and were imported mostly from Mexico ($353M), Canada ($148M), Germany ($122M), China ($94.4M), and Japan ($60.6M).
Growth In March 2023, the decrease in Centrifuges's year-by-year exports was explained primarily by a decrease in exports to Colombia ($-7.25M or -52.1%), Ireland ($-5.18M or -39.7%), and Canada ($-5.12M or -2.5%). In March 2023, the decrease in Centrifuges's year-by-year imports was explained primarily by a decrease in imports from China ($-32.6M or -17.7%), Switzerland ($-9.49M or -54%), and Taiwan ($-5.12M or -8.89%).
EXPORT GROWTH (March 2022 - March 2023): $-22.2M, (-1.83%)
IMPORT GROWTH (March 2022 - March 2023): $-16.6M, (-1.38%)
MAIN EXPORTER (March 2023): Massachusetts, $125M
MAIN DESTINATION (March 2023): Canada, $284M
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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