2019 Exports | Imports: $164B | $334B, World Rnk 2 / 225
Rnk 3 / 96 | World Rnk 1 / 225 Rnk 2 / 96
2019 Destination | Origin: $38.3B | $114B, Mexico | China
2018 - 2019 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $1.35B | $8.9B, China | Vietnam
2019 ECONOMIC COMPLEXITY of United States: 1.64, Rnk 9 / 157
2019 PRODUCT COMPLEXITY IN Electrical machinery and equipment: 1.29, Rnk 10 / 96
Exports: In 2019, United States exported $164B in Electrical machinery and equipment, making it the 2nd largest exporter of Electrical machinery and equipment in the world. At the same year, Electrical machinery and equipment was the 3rd most exported product in United States. The main destination of Electrical machinery and equipment exports from United States are: Mexico ($38.3B), Canada ($18.9B), China ($14.5B), Hong Kong ($10.1B), and Germany ($6.41B).
The fastest growing export markets for Electrical machinery and equipment of United States between 2018 and 2019 were China ($1.35B), Paraguay ($770M), and Vietnam ($344M).
Imports: In 2019, United States imported $334B in Electrical machinery and equipment, becoming the 1st largest importer of Electrical machinery and equipment in the world. At the same year, Electrical machinery and equipment was the 2nd most imported product in United States. United States imports Electrical machinery and equipment primarily from: China ($114B), Mexico ($71.4B), Vietnam ($19.3B), Malaysia ($17.3B), and Japan ($15.1B).
The fastest growing import markets in Electrical machinery and equipment for United States between 2018 and 2019 were Vietnam ($8.9B), Chinese Taipei ($2.02B), and Malaysia ($731M).
Tariffs: In 2018, the average tariff for United States in Electrical machinery and equipment was 0.94%. The countries with the highest import tariffs for Electrical machinery and equipment were Equatorial Guinea (1.71%), Libya (1.71%), Mayotte (1.71%), Reunion (1.71%), and Sudan (1.71%).
Overview: In January 2021 United States' Electrical machinery and equipment exports accounted up to $14.6B and imports accounted up to $29B, resulting in a negative trade balance of $14.5B. Between January 2020 and January 2021 the exports of United States' Electrical machinery and equipment have increased by $360M (2.53%) from $14.2B to $14.6B, while imports increased by $2.94B (11.3%) from $26.1B to $29B.
Destinations: In January 2021 Electrical machinery and equipment exported mostly to Mexico ($3.44B), Canada ($1.75B), China ($1.47B), Hong Kong ($1.08B), and Taiwan ($563M), and imported mostly from China ($10.2B), Mexico ($5.16B), Vietnam ($2.36B), Malaysia ($2.05B), and Taiwan ($1.6B).
Growth: In January 2021, the increase in Electrical machinery and equipment's year-by-year exports was explained primarily by an increase in exports to China ($293M or 24.8%), Hong Kong ($215M or 24.8%), and Taiwan ($171M or 43.7%). In January 2021, the increase in Electrical machinery and equipment's year-by-year imports was explained primarily by an increase in imports from China ($1.83B or 21.8%), Vietnam ($778M or 49.2%), and Taiwan ($202M or 14.5%).
EXPORT GROWTH (January 2020 - January 2021): $360M, (2.53%)
IMPORT GROWTH (January 2020 - January 2021): $2.94B, (11.3%)
MAIN EXPORTER (January 2021): Texas, $3.77B
MAIN DESTINATION (January 2021): Mexico, $3.44B
This section shows Electrical machinery and equipment'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 machinery and equipment over time.
EXPORTS (2019): $164B
IMPORTS (2019): $334B
NET TRADE (2019): -$170B
In 2019, United States exported $164B in Electrical machinery and equipment. The main destinations of United States exports on Electrical machinery and equipment were Mexico ($38.3B), Canada ($18.9B), China ($14.5B), Hong Kong ($10.1B), and Germany ($6.41B).
In 2019, United States imported $334B in Electrical machinery and equipment, mainly from China ($114B), Mexico ($71.4B), Vietnam ($19.3B), Malaysia ($17.3B), and Japan ($15.1B).
IN 2019, United States HAD A POSITIVE NET TRADE IN Electrical machinery and equipment WITH:
IN 2019, United States HAD A NEGATIVE NET TRADE IN Electrical machinery and equipment WITH:
THE FASTEST GROWING Electrical machinery and equipment EXPORT MARKETS FOR United States WERE (2018 - 2019):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical machinery and equipment BY United States WERE (2018 - 2019):
In 2018, United States's main exporting competitors in Electrical machinery and equipment were:
In 2018, the average tariff for United States in Electrical machinery and equipment was 0.94%.
The countries with the highest tariffs for Electrical machinery and equipment in United States were Equatorial Guinea (1.71%), Libya (1.71%), Mayotte (1.71%), Reunion (1.71%), and Sudan (1.71%).
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