Electrical Control Boards in United States 2021 Exports | Imports : $5.21B | $13.8B, World Rnk 4 / 213 Rnk 59 / 1216 | World Rnk 1 / 224 Rnk 32 / 1215
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $157M | $782M, Mexico | Germany
2021 ECONOMIC COMPLEXITY of United States: 1.46, Rnk 10 / 131
2021 PRODUCT COMPLEXITY IN Electrical Control Boards: 0.56, Rnk 342 / 1029
Exports In 2021, United States exported $5.21B 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 59th most exported product in United States. The main destination of Electrical Control Boards exports from United States are: Mexico ($1.02B), Canada ($970M), China ($506M), Germany ($410M), and United Kingdom ($202M).
The fastest growing export markets for Electrical Control Boards of United States between 2020 and 2021 were Mexico ($157M), Canada ($92.3M), and China ($39.6M).
Imports In 2021, United States imported $13.8B 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 32nd most imported product in United States. United States imports Electrical Control Boards primarily from: Mexico ($5.01B), China ($1.57B), Germany ($1.43B), Canada ($1.04B), and Japan ($636M).
The fastest growing import markets in Electrical Control Boards for United States between 2020 and 2021 were Germany ($782M), Mexico ($569M), and Canada ($276M).
Tariffs In 2018, the average tariff for United States in Electrical Control Boards was 1.67%. The countries with the highest import tariffs for Electrical Control Boards were Equatorial Guinea (Most Favoured Nation duty rate treatment, 2.42%), Libya (Most Favoured Nation duty rate treatment, 2.42%), Mayotte (Most Favoured Nation duty rate treatment, 2.42%), Reunion (Most Favoured Nation duty rate treatment, 2.42%), and Sudan (Most Favoured Nation duty rate treatment, 2.42%).
March 2023
Overview In March 2023 United States' Electrical Control Boards exports accounted up to $678M and imports accounted up to $1.57B, resulting in a negative trade balance of $897M. Between March 2022 and March 2023 the exports of United States' Electrical Control Boards have increased by $141M (26.3%) from $537M to $678M, while imports increased by $186M (13.4%) from $1.39B to $1.57B.
Destinations In March 2023, Electrical Control Boards were exported mostly to Canada ($148M), Mexico ($123M), Germany ($59.9M), China ($45M), and United Kingdom ($35.4M), and were imported mostly from Mexico ($683M), Canada ($130M), China ($112M), Germany ($107M), and Japan ($79.2M).
Growth In March 2023, the increase in Electrical Control Boards's year-by-year exports was explained primarily by an increase in exports to United Kingdom ($10.5M or 78.4%), Germany ($8.87M or 36.4%), and Mexico ($4.59M or 5.5%). In March 2023, the increase in Electrical Control Boards's year-by-year imports was explained primarily by an increase in imports from Taiwan ($19.1M or 59.5%), Canada ($18.1M or 27.6%), and Japan ($12.2M or 18%).
EXPORT GROWTH (March 2022 - March 2023): $141M, (26.3%)
IMPORT GROWTH (March 2022 - March 2023): $186M, (13.4%)
MAIN EXPORTER (March 2023): Texas, $116M
MAIN DESTINATION (March 2023): Canada, $148M
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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EXPORTS (2021): $5.21B
IMPORTS (2021): $13.8B
NET TRADE (2021): -$8.63B
In 2021, United States exported $5.21B in Electrical Control Boards. The main destinations of United States exports on Electrical Control Boards were Mexico ($1.02B), Canada ($970M), China ($506M), Germany ($410M), and United Kingdom ($202M).
In 2021, United States imported $13.8B in Electrical Control Boards, mainly from Mexico ($5.01B), China ($1.57B), Germany ($1.43B), Canada ($1.04B), and Japan ($636M).
THE FASTEST GROWING Electrical Control Boards EXPORT MARKETS FOR United States WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Control Boards BY United States WERE (2020 - 2021):
In 2021, United States's main exporting competitors in Electrical Control Boards were:
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