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2022
Exports $6.05BWorld Rnk 4 / 219
Flag Rnk 52 / 1217
2022
Destination $223M Canada
2021 - 2022
FASTEST GROWING MARKET $223MCanada
2022
PRODUCT COMPLEXITY IN Electrical Control Boards0.56Rnk 343 / 1025
2022
Imports $16.6BWorld Rnk 1 / 224
Flag Rnk 30 / 1216
2022
Origin $1.18B Mexico
2021 - 2022
FASTEST GROWING ORIGIN $1.18BMexico
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $6.05B 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 52nd most exported product in United States. The main destination of Electrical Control Boards exports from United States are: Canada ($1.19B), Mexico ($1.12B), Germany ($539M), China ($492M), and United Kingdom ($262M).

The fastest growing export markets for Electrical Control Boards of United States between 2021 and 2022 were Canada ($223M), Germany ($128M), and Mexico ($101M).

Imports In 2022, United States imported $16.6B 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 30th most imported product in United States. United States imports Electrical Control Boards primarily from: Mexico ($6.2B), China ($1.64B), Germany ($1.64B), Canada ($1.27B), and Chinese Taipei ($869M).

The fastest growing import markets in Electrical Control Boards for United States between 2021 and 2022 were Mexico ($1.18B), Chinese Taipei ($455M), and Canada ($233M).

COMPANIES In 2023, leading companies such as Samsung (206), Robert Bosch (112), and Electrolux (110) were at the forefront of shipping Electrical Control Boards to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Electrical Control Boards exports accounted up to $737M and imports accounted up to $1.71B, resulting in a negative trade balance of $969M. Between August 2023 and August 2024 the exports of United States'   Electrical Control Boards have increased by $63.7M (9.46%) from $673M to $737M, while imports increased by $36.9M (2.21%) from $1.67B to $1.71B.

Destinations In August 2024, Electrical Control Boards were exported mostly to Mexico ($170M), Canada ($154M), Germany ($65.9M), China ($38.7M), and United Kingdom ($36.5M), and were imported mostly from Mexico ($743M), Canada ($144M), China ($117M), Germany ($100M), and Japan ($60.4M).

Growth In August 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 August 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 (August 2023 - August 2024)$63.7M(9.46%)
IMPORT GROWTH (August 2023 - August 2024)$36.9M(2.21%)
MAIN EXPORTER (August 2024)Texas$166M
MAIN DESTINATION (August 2024)Mexico$170M

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 (2022)$6.05B
IMPORTS (2022)$16.6B
NET TRADE (2022)-$10.5B

In 2022, United States exported $6.05B in Electrical Control Boards. The main destinations of United States exports on Electrical Control Boards were Canada ($1.19B), Mexico ($1.12B), Germany ($539M), China ($492M), and United Kingdom ($262M).

In 2022, United States imported $16.6B in Electrical Control Boards, mainly from Mexico ($6.2B), China ($1.64B), Germany ($1.64B), Canada ($1.27B), and Chinese Taipei ($869M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Control Boards EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$223M (23%)
Germany$128M (31.3%)
Mexico$101M (9.83%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Control Boards BY United States WERE (2021 - 2022):
Brazil-$66.7M (-47.9%)
Russia-$31.2M (-80.6%)
Belgium-$15.5M (-47.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Electrical Control Boards were:
China $14.2B
Germany $11.3B
Mexico $7.12B
In 2022, United States's main importing competitors in Electrical Control Boards were:
Germany $8.76B
China $5.33B

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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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