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2023
Exports $7.43BWorld Rnk 4 / 220
Flag Rnk 41 / 1217
2023
Destination $242M Mexico
2022 - 2023
FASTEST GROWING MARKET $242MCanada
2023
PRODUCT COMPLEXITY IN Electrical Control Boards0.69Rnk 285 / 1025
2023
Imports $18.9BWorld Rnk 1 / 225
Flag Rnk 24 / 1215
2023
Origin $1.49B Mexico
2022 - 2023
FASTEST GROWING ORIGIN $1.49BMexico
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $7.43B in Electrical Control Boards, making it the 4th largest exporter of Electrical Control Boards in the world. At the same year, Electrical Control Boards was the 41st most exported product in United States. The main destination of Electrical Control Boards exports from United States are: Mexico ($1.23B), Canada ($1.21B), Germany ($882M), United Kingdom ($630M), and China ($457M).

The fastest growing export markets for Electrical Control Boards of United States between 2022 and 2023 were Canada ($242M), Germany ($235M), and Mexico ($204M).

Imports In 2023, United States imported $18.9B in Electrical Control Boards, becoming the 1st largest importer of Electrical Control Boards in the world. At the same year, Electrical Control Boards was the 24th most imported product in United States. United States imports Electrical Control Boards primarily from: Mexico ($7.94B), Germany ($1.51B), Canada ($1.48B), China ($1.41B), and South Korea ($818M).

The fastest growing import markets in Electrical Control Boards for United States between 2022 and 2023 were Mexico ($1.49B), Germany ($390M), and South Korea ($319M).

COMPANIES In 2023, leading companies such as Samsung (206), Robert Bosch (115), and Electrolux (110) were at the forefront of shipping Electrical Control Boards to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Electrical Control Boards exports accounted up to $713M and imports accounted up to $1.67B, resulting in a negative trade balance of $956M. Between November 2023 and November 2024 the exports of United States'   Electrical Control Boards have increased by $100M (16.4%) from $612M to $713M, while imports increased by $116M (7.51%) from $1.55B to $1.67B.

Destinations In November 2024, Electrical Control Boards were exported mostly to Canada ($158M), Mexico ($157M), Germany ($64.5M), Brazil ($33.5M), and China ($32.5M), and were imported mostly from Mexico ($672M), Canada ($203M), China ($106M), Germany ($91.9M), and South Korea ($64.3M).

Growth In November 2024, the increase in Electrical Control Boards's year-by-year exports was explained primarily by an increase in exports to Canada ($39.8M or 45.6%), Mexico ($15.9M or 18.1%), and Germany ($10.3M or 31.1%). In November 2024, the increase in Electrical Control Boards's year-by-year imports was explained primarily by an increase in imports from Mexico ($132M or 29.3%), Germany ($38.8M or 67.1%), and Canada ($24M or 28.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$100M(16.4%)
IMPORT GROWTH (November 2023 - November 2024)$116M(7.51%)
MAIN EXPORTER (November 2024)Texas$166M
MAIN DESTINATION (November 2024)Canada$158M

This section shows Electrical Control Boards'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 Electrical Control Boards over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$7.43B
IMPORTS (2023)$18.9B
NET TRADE (2023)-$11.4B

In 2023, United States exported $7.43B in Electrical Control Boards. The main destinations of United States exports on Electrical Control Boards were Mexico ($1.23B), Canada ($1.21B), Germany ($882M), United Kingdom ($630M), and China ($457M).

In 2023, United States imported $18.9B in Electrical Control Boards, mainly from Mexico ($7.94B), Germany ($1.51B), Canada ($1.48B), China ($1.41B), and South Korea ($818M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electrical Control Boards EXPORT MARKETS FOR United States WERE (2022 - 2023):
Canada$242M (24.9%)
Germany$235M (36.4%)
Mexico$204M (19.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Control Boards BY United States WERE (2022 - 2023):
South Korea-$39.7M (-19.5%)
China-$12.3M (-2.61%)
Iceland-$9.12M (-83.1%)
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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 Electrical Control Boards were:
China $14.5B
Germany $13.7B
Mexico $9.41B
In 2023, United States's main importing competitors in Electrical Control Boards were:
Germany $10.8B
China $6.58B

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Trade Value of Electrical Control Boards by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $134M
TOP IMPORT POTENTIALChina+ $593M

Electrical Control Boards’s highest export potential is China. With an export gap of $134M.   Electrical Control Boards’s highest import potential is China with an import gap of $593M.

See methodology.

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