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2022
Exports $343MWorld Rnk 3 / 182
Flag Rnk 465 / 1217
2022
Destination $15.4M Canada
2021 - 2022
FASTEST GROWING MARKET $15.4MCanada
2022
PRODUCT COMPLEXITY IN Cutting Blades1.38Rnk 76 / 1025
2022
Imports $489MWorld Rnk 1 / 219
Flag Rnk 545 / 1216
2022
Origin $9.09M Germany
2021 - 2022
FASTEST GROWING ORIGIN $9.09MChina
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $343M in Cutting Blades, making it the 3rd largest exporter of Cutting Blades in the world. At the same year, Cutting Blades was the 465th most exported product in United States. The main destination of Cutting Blades exports from United States are: Canada ($99.7M), Mexico ($70.7M), Germany ($22.4M), Australia ($18.1M), and Brazil ($15.7M).

The fastest growing export markets for Cutting Blades of United States between 2021 and 2022 were Canada ($15.4M), Mexico ($6.27M), and Brazil ($4.36M).

Imports In 2022, United States imported $489M in Cutting Blades, becoming the 1st largest importer of Cutting Blades in the world. At the same year, Cutting Blades was the 545th most imported product in United States. United States imports Cutting Blades primarily from: Germany ($97.9M), China ($70.2M), Japan ($40.3M), Canada ($37.9M), and Vietnam ($24.7M).

The fastest growing import markets in Cutting Blades for United States between 2021 and 2022 were China ($9.09M), Germany ($6.39M), and Austria ($4.2M).

COMPANIES In 2023, leading companies such as Ameziel (334), Itourscm (70), and Hongkong Xin Jie Technology (50) were at the forefront of shipping Cutting Blades to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Cutting Blades exports accounted up to $26.5M and imports accounted up to $40.9M, resulting in a negative trade balance of $14.4M. Between August 2023 and August 2024 the exports of United States'   Cutting Blades have decreased by $-4.69M (-15%) from $31.2M to $26.5M, while imports increased by $48.9k (0.12%) from $40.9M to $40.9M.

Destinations In August 2024, Cutting Blades were exported mostly to Canada ($8.75M), Mexico ($6.05M), Italy ($1.56M), Germany ($1.12M), and Belgium ($854k), and were imported mostly from Germany ($9.99M), China ($5.63M), Austria ($3.61M), Japan ($2.52M), and Vietnam ($2.29M).

Growth In August 2024, the decrease in Cutting Blades's year-by-year exports was explained primarily by a decrease in exports to Netherlands ($-837k or -64.7%), China ($-279k or -64.6%), and Japan ($-271k or -34.8%). In August 2024, the increase in Cutting Blades's year-by-year imports was explained primarily by an increase in imports from Germany ($2.21M or 37.5%), United Kingdom ($1.37M or 128%), and Italy ($737k or 85%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-4.69M(-15%)
IMPORT GROWTH (August 2023 - August 2024)$48.9k(0.12%)
MAIN EXPORTER (August 2024)Illinois$3.88M
MAIN DESTINATION (August 2024)Canada$8.75M

This section shows Cutting Blades'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 Cutting Blades over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$343M
IMPORTS (2022)$489M
NET TRADE (2022)-$146M

In 2022, United States exported $343M in Cutting Blades. The main destinations of United States exports on Cutting Blades were Canada ($99.7M), Mexico ($70.7M), Germany ($22.4M), Australia ($18.1M), and Brazil ($15.7M).

In 2022, United States imported $489M in Cutting Blades, mainly from Germany ($97.9M), China ($70.2M), Japan ($40.3M), Canada ($37.9M), and Vietnam ($24.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cutting Blades EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$15.4M (18.2%)
Mexico$6.27M (9.73%)
Brazil$4.36M (38.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cutting Blades BY United States WERE (2021 - 2022):
Russia-$2.36M (-87.9%)
China-$1.83M (-26%)
Finland-$807k (-52.1%)
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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 Cutting Blades were:
Germany $695M
China $604M
In 2022, United States's main importing competitors in Cutting Blades were:
Germany $342M
China $169M

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Trade Value of Cutting Blades by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $4.52M
TOP IMPORT POTENTIALChina+ $16.7M

Cutting Blades’s highest export potential is China. With an export gap of $4.52M.   Cutting Blades’s highest import potential is China with an import gap of $16.7M.

See methodology.

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