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HS Icon Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles in  Flag United States

2020
Exports | Imports : $152B | $334B, World Rnk 4 / 226
Flag Rnk 3 / 96 | World Rnk 1 / 226
Flag Rnk 2 / 96

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $2.59B | $6.52B, China |  Vietnam


ECONOMIC COMPLEXITY of United States: 1.56, Rnk 9 / 127


PRODUCT COMPLEXITY  IN Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television...: 1.4, Rnk 7 / 96

About

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Exports In 2020, United States exported $152B in Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television..., making it the 4th largest exporter of Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television... in the world. At the same year, Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television... was the 3rd most exported product in United States. The main destination of Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television... exports from United States are: Mexico ($34.9B), China ($17.1B), Canada ($16.3B), Hong Kong ($9.36B), and South Korea ($5.58B).

The fastest growing export markets for Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television... of United States between 2019 and 2020 were China ($2.59B), Chinese Taipei ($476M), and Vietnam ($282M).

Imports In 2020, United States imported $334B in Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television..., becoming the 1st largest importer of Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television... in the world. At the same year, Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television... was the 2nd most imported product in United States. United States imports Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television... primarily from: China ($111B), Mexico ($67.3B), Vietnam ($25.6B), Malaysia ($17.3B), and Chinese Taipei ($16.4B).

The fastest growing import markets in Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television... for United States between 2019 and 2020 were Vietnam ($6.52B), Thailand ($2.88B), and Chinese Taipei ($2.42B).

Tariffs In 2018, the average tariff for United States in Electrical machinery and equipment and parts thereof; sound... was 1.18%. The countries with the highest import tariffs for Electrical machinery and equipment and parts thereof; sound... were Equatorial Guinea (Most Favoured Nation duty rate treatement, 1.71%), Libya (Most Favoured Nation duty rate treatement, 1.71%), Mayotte (Most Favoured Nation duty rate treatement, 1.71%), Reunion (Most Favoured Nation duty rate treatement, 1.71%), and Sudan (Most Favoured Nation duty rate treatement, 1.71%).

Latest Trends

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May 2022

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Overview In May 2022 United States' Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles exports accounted up to $16B and imports accounted up to $39.1B, resulting in a negative trade balance of $23.1B. Between May 2021 and May 2022 the exports of United States'   Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles have increased by $588M (3.82%) from $15.4B to $16B, while imports increased by $6.96B (21.7%) from $32.1B to $39.1B.

Destinations In May 2022, Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles were exported mostly to Mexico ($3.98B), Canada ($2.24B), China ($1.39B), Hong Kong ($792M), and Malaysia ($629M), and were imported mostly from China ($11.4B), Mexico ($6.58B), Vietnam ($4.02B), Malaysia ($2.71B), and Taiwan ($2.36B).

Growth In May 2022, the increase in Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles's year-by-year exports was explained primarily by an increase in exports to China ($293M or 24.9%), Hong Kong ($217M or 25.2%), and Taiwan ($172M or 43.8%). In May 2022, the increase in Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles's year-by-year imports was explained primarily by an increase in imports from China ($1.85B or 22.1%), Vietnam ($764M or 47.9%), and Taiwan ($203M or 14.6%).

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (May 2021 - May 2022): $588M, (3.82%)

IMPORT GROWTH (May 2021 - May 2022): $6.96B, (21.7%)

MAIN EXPORTER (May 2022): Texas, $4.01B

MAIN DESTINATION (May 2022): Mexico, $3.98B

This section shows Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television...'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 and parts thereof; sound recorders and reproducers; television... over time.

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Historical Data

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Trade Balance

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Value
Compare to

EXPORTS (2020): $152B

IMPORTS (2020): $334B

NET TRADE (2020): -$182B

In 2020, United States exported $152B in Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television.... The main destinations of United States exports on Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television... were Mexico ($34.9B), China ($17.1B), Canada ($16.3B), Hong Kong ($9.36B), and South Korea ($5.58B).

In 2020, United States imported $334B in Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television..., mainly from China ($111B), Mexico ($67.3B), Vietnam ($25.6B), Malaysia ($17.3B), and Chinese Taipei ($16.4B).

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Net Trade

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IN 2020, United States HAD A POSITIVE NET TRADE IN Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television... WITH:

IN 2020, United States HAD A NEGATIVE NET TRADE IN Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television... WITH:

Market Growth

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Flow

THE FASTEST GROWING Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television... EXPORT MARKETS FOR United States WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television... BY United States WERE (2019 - 2020):

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Market Concentration

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Flow
Type

In 2019, United States's main exporting competitors in Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television... were:

In 2019, United States's main importing competitors in Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television... were:

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