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2018
Exports $1.49BWorld Rnk 4 / 188
Flag Rnk 198 / 1217
2018
Destination $110M Mexico
2022 - 2023
FASTEST GROWING MARKET $110MIreland
2023
PRODUCT COMPLEXITY IN Electric Motor Parts0.72Rnk 276 / 1025
2018
Imports $3.28BWorld Rnk 2 / 219
Flag Rnk 154 / 1215
2018
Origin $211M Japan
2022 - 2023
FASTEST GROWING ORIGIN $211MJapan
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2018, United States exported $1.49B in Electric Motor Parts, making it the 4th largest exporter of Electric Motor Parts in the world. At the same year, Electric Motor Parts was the 198th most exported product in United States. The main destination of Electric Motor Parts exports from United States are: Mexico ($402M), Ireland ($178M), Canada ($116M), United Kingdom ($89.7M), and Germany ($79.3M).

The fastest growing export markets for Electric Motor Parts of United States between 2022 and 2023 were Ireland ($110M), United Kingdom ($48.3M), and Saudi Arabia ($30.4M).

Imports In 2023, United States imported $3.28B in Electric Motor Parts, becoming the 2nd largest importer of Electric Motor Parts in the world. At the same year, Electric Motor Parts was the 154th most imported product in United States. United States imports Electric Motor Parts primarily from: Japan ($708M), Mexico ($664M), China ($449M), Canada ($233M), and Germany ($211M).

The fastest growing import markets in Electric Motor Parts for United States between 2022 and 2023 were Japan ($211M), Germany ($61.5M), and France ($36.6M).

COMPANIES In 2023, leading companies such as ABB Motors and Mechanical (662), Vestas (641), and Tesla (271) were at the forefront of shipping Electric Motor Parts to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Electric Motor Parts exports accounted up to $105M and imports accounted up to $317M, resulting in a negative trade balance of $212M. Between November 2023 and November 2024 the exports of United States'   Electric Motor Parts have increased by $10.3M (10.9%) from $94.9M to $105M, while imports increased by $79.6M (33.5%) from $237M to $317M.

Destinations In November 2024, Electric Motor Parts were exported mostly to Mexico ($34.7M), Canada ($13.3M), United Arab Emirates ($7.53M), Germany ($4.58M), and China ($4.31M), and were imported mostly from Japan ($88.3M), Mexico ($56M), Canada ($40.9M), China ($30.1M), and India ($15.9M).

Growth In November 2024, the increase in Electric Motor Parts's year-by-year exports was explained primarily by an increase in exports to Greece ($3.87M or 12.2k%), Canada ($2.76M or 30.7%), and United Kingdom ($2.33M or 128%). In November 2024, the increase in Electric Motor Parts's year-by-year imports was explained primarily by an increase in imports from Japan ($25.9M or 62.9%), Denmark ($15.1M or 2.32k%), and Brazil ($7.7M or 261%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$10.3M(10.9%)
IMPORT GROWTH (November 2023 - November 2024)$79.6M(33.5%)
MAIN EXPORTER (November 2024)Texas$27.9M
MAIN DESTINATION (November 2024)Mexico$34.7M

This section shows Electric Motor Parts'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 Electric Motor Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.49B
IMPORTS (2023)$3.28B
NET TRADE (2023)-$1.79B

In 2023, United States exported $1.49B in Electric Motor Parts. The main destinations of United States exports on Electric Motor Parts were Mexico ($402M), Ireland ($178M), Canada ($116M), United Kingdom ($89.7M), and Germany ($79.3M).

In 2023, United States imported $3.28B in Electric Motor Parts, mainly from Japan ($708M), Mexico ($664M), China ($449M), Canada ($233M), and Germany ($211M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Motor Parts EXPORT MARKETS FOR United States WERE (2022 - 2023):
Ireland$110M (163%)
United Kingdom$48.3M (116%)
Saudi Arabia$30.4M (345%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Motor Parts BY United States WERE (2022 - 2023):
Mexico-$42.1M (-9.49%)
Italy-$17.9M (-66.9%)
Romania-$11.3M (-97.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Electric Motor Parts were:
China $6.05B
Germany $2.67B
Japan $1.75B
In 2023, United States's main importing competitors in Electric Motor Parts were:
Germany $4.04B
France $1.37B

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Trade Value of Electric Motor Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $29.9M
TOP IMPORT POTENTIALChina+ $167M

Electric Motor Parts’s highest export potential is Germany. With an export gap of $29.9M.   Electric Motor Parts’s highest import potential is China with an import gap of $167M.

See methodology.

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