Drafting Tools in United States | The Observatory of Economic Complexity

About

Exports In 2022, United States exported $260M in Drafting Tools, making it the 2nd largest exporter of Drafting Tools in the world. At the same year, Drafting Tools was the 535th most exported product in United States. The main destination of Drafting Tools exports from United States are: Canada ($54.3M), United Arab Emirates ($31M), Hong Kong ($28.9M), Mexico ($21M), and United Kingdom ($12.3M).

The fastest growing export markets for Drafting Tools of United States between 2021 and 2022 were Hong Kong ($9.89M), Canada ($8.39M), and United Arab Emirates ($8.01M).

Imports In 2022, United States imported $382M in Drafting Tools, becoming the 1st largest importer of Drafting Tools in the world. At the same year, Drafting Tools was the 618th most imported product in United States. United States imports Drafting Tools primarily from: China ($165M), Japan ($44.7M), Thailand ($42.4M), Vietnam ($40.3M), and Mexico ($18.7M).

The fastest growing import markets in Drafting Tools for United States between 2021 and 2022 were China ($9.93M), Japan ($3.08M), and Costa Rica ($501k).

COMPANIES In 2023, leading companies such as ACER AMERICA CORPORATION (3.2k), AMAZON SERVICES LLC (1.86k), and APEX TOOL GROUP, LLC. (1.16k) were at the forefront of shipping Drafting Tools to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United States' Drafting Tools exports accounted up to $20.2M and imports accounted up to $32.3M, resulting in a negative trade balance of $12.1M. Between January 2023 and January 2024 the exports of United States' Drafting Tools have decreased by $-5.72M (-22%) from $26M to $20.2M, while imports increased by $5.98M (22.7%) from $26.3M to $32.3M.

Destinations In January 2024, Drafting Tools were exported mostly to Canada ($3.77M), Mexico ($2.42M), Hong Kong ($1.78M), United Arab Emirates ($1.63M), and China ($1.08M), and were imported mostly from China ($9.08M), Vietnam ($6.61M), Japan ($6.51M), Thailand ($5.12M), and Germany ($891k).

Growth In January 2024, the decrease in Drafting Tools's year-by-year exports was explained primarily by a decrease in exports to Netherlands ($-1.59M or -87.1%), Guyana ($-495k or -98.8%), and Thailand ($-455k or -97.3%). In January 2024, the increase in Drafting Tools's year-by-year imports was explained primarily by an increase in imports from Taiwan ($797k or 98.2%), France ($146k or 49.4%), and Mexico ($136k or 25.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-5.72M(-22%)

IMPORT GROWTH (January 2023 - January 2024)$5.98M(22.7%)

MAIN EXPORTER (January 2024)Texas$3M

MAIN DESTINATION (January 2024)Canada$3.77M

This section shows Drafting Tools'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 Drafting Tools over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$260M

IMPORTS (2022)$382M

NET TRADE (2022)-$122M

In 2022, United States exported $260M in Drafting Tools. The main destinations of United States exports on Drafting Tools were Canada ($54.3M), United Arab Emirates ($31M), Hong Kong ($28.9M), Mexico ($21M), and United Kingdom ($12.3M).

In 2022, United States imported $382M in Drafting Tools, mainly from China ($165M), Japan ($44.7M), Thailand ($42.4M), Vietnam ($40.3M), and Mexico ($18.7M).

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