Electric Motors in United States | The Observatory of Economic Complexity

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Exports In 2022, United States exported $4.29B in Electric Motors, making it the 4th largest exporter of Electric Motors in the world. At the same year, Electric Motors was the 86th most exported product in United States. The main destination of Electric Motors exports from United States are: Canada ($850M), Mexico ($850M), Germany ($297M), United Kingdom ($254M), and China ($241M).

The fastest growing export markets for Electric Motors of United States between 2021 and 2022 were Germany ($128M), United Kingdom ($79.2M), and China ($75.2M).

Imports In 2022, United States imported $12.1B in Electric Motors, becoming the 1st largest importer of Electric Motors in the world. At the same year, Electric Motors was the 52nd most imported product in United States. United States imports Electric Motors primarily from: Mexico ($3.95B), China ($2.07B), Germany ($859M), Japan ($820M), and Vietnam ($661M).

The fastest growing import markets in Electric Motors for United States between 2021 and 2022 were Mexico ($413M), Germany ($96.2M), and Brazil ($91.9M).

COMPANIES In 2023, leading companies such as ROBERT BOSCH TOOL CORPORATION (10.6k), ROBERT BOSCH LLC (7.19k), and SAMSUNG ELECTRONICS AMERICA (7.06k) were at the forefront of shipping Electric Motors to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United States' Electric Motors exports accounted up to $403M and imports accounted up to $1.06B, resulting in a negative trade balance of $653M. Between January 2023 and January 2024 the exports of United States' Electric Motors have increased by $43.1M (12%) from $360M to $403M, while imports decreased by $-21.2M (-1.97%) from $1.08B to $1.06B.

Destinations In January 2024, Electric Motors were exported mostly to Mexico ($106M), Canada ($79.4M), Germany ($30M), China ($21.2M), and United Kingdom ($19.2M), and were imported mostly from Mexico ($320M), China ($148M), Japan ($106M), Germany ($84.4M), and Brazil ($45.3M).

Growth In January 2024, the increase in Electric Motors's year-by-year exports was explained primarily by an increase in exports to Germany ($12.2M or 76.5%), South Korea ($9.27M or 75.9%), and Philippines ($8.09M or 921%). In January 2024, the decrease in Electric Motors's year-by-year imports was explained primarily by a decrease in imports from China ($-20.9M or -12.2%), Taiwan ($-10.2M or -28.5%), and Thailand ($-4.28M or -34.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$43.1M(12%)

IMPORT GROWTH (January 2023 - January 2024)$-21.2M(-1.97%)

MAIN EXPORTER (January 2024)Texas$49.9M

MAIN DESTINATION (January 2024)Mexico$106M

This section shows Electric Motors'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 Motors over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$4.29B

IMPORTS (2022)$12.1B

NET TRADE (2022)-$7.82B

In 2022, United States exported $4.29B in Electric Motors. The main destinations of United States exports on Electric Motors were Canada ($850M), Mexico ($850M), Germany ($297M), United Kingdom ($254M), and China ($241M).

In 2022, United States imported $12.1B in Electric Motors, mainly from Mexico ($3.95B), China ($2.07B), Germany ($859M), Japan ($820M), and Vietnam ($661M).

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