Electrical Power Accessories in United States 2021 Exports | Imports : $4.39B | $4.37B, World Rnk 3 / 218 Rnk 74 / 1216 | World Rnk 1 / 225 Rnk 126 / 1215
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $546M | $274M, Mexico | Mexico
2021 ECONOMIC COMPLEXITY of United States: 1.46, Rnk 10 / 131
2021 PRODUCT COMPLEXITY IN Electrical Power Accessories: 0.9, Rnk 207 / 1024
Exports In 2021, United States exported $4.39B in Electrical Power Accessories, making it the 3rd largest exporter of Electrical Power Accessories in the world. At the same year, Electrical Power Accessories was the 74th most exported product in United States. The main destination of Electrical Power Accessories exports from United States are: Mexico ($2.65B), China ($283M), Canada ($268M), Dominican Republic ($130M), and South Korea ($96.3M).
The fastest growing export markets for Electrical Power Accessories of United States between 2020 and 2021 were Mexico ($546M), Canada ($41.8M), and China ($29.9M).
Imports In 2021, United States imported $4.37B in Electrical Power Accessories, becoming the 1st largest importer of Electrical Power Accessories in the world. At the same year, Electrical Power Accessories was the 126th most imported product in United States. United States imports Electrical Power Accessories primarily from: Mexico ($1.49B), China ($674M), Germany ($389M), Japan ($252M), and India ($176M).
The fastest growing import markets in Electrical Power Accessories for United States between 2020 and 2021 were Mexico ($274M), China ($174M), and Germany ($63.1M).
May 2023
Overview In May 2023 United States' Electrical Power Accessories exports accounted up to $470M and imports accounted up to $370M, resulting in a positive trade balance of $99.2M. Between May 2022 and May 2023 the exports of United States' Electrical Power Accessories have increased by $31.1M (7.09%) from $438M to $470M, while imports increased by $22.5M (6.45%) from $348M to $370M.
Destinations In May 2023, Electrical Power Accessories were exported mostly to Mexico ($288M), Canada ($33.1M), China ($22.2M), Dominican Republic ($13.9M), and Germany ($9.95M), and were imported mostly from Mexico ($126M), China ($49M), Germany ($25.9M), Malaysia ($18.6M), and Canada ($18.3M).
Growth In May 2023, the increase in Electrical Power Accessories's year-by-year exports was explained primarily by an increase in exports to Mexico ($46.8M or 21.4%), India ($2.82M or 80.3%), and Czechia ($1.29M or 57.6%). In May 2023, the increase in Electrical Power Accessories's year-by-year imports was explained primarily by an increase in imports from China ($8.68M or 22.8%), Japan ($3.68M or 26.2%), and Taiwan ($3.66M or 43.1%).
EXPORT GROWTH (May 2022 - May 2023): $31.1M, (7.09%)
IMPORT GROWTH (May 2022 - May 2023): $22.5M, (6.45%)
MAIN EXPORTER (May 2023): Texas, $186M
MAIN DESTINATION (May 2023): Mexico, $288M
This section shows Electrical Power Accessories'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 Power Accessories over time.
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EXPORTS (2021): $4.39B
IMPORTS (2021): $4.37B
NET TRADE (2021): $25.6M
In 2021, United States exported $4.39B in Electrical Power Accessories. The main destinations of United States exports on Electrical Power Accessories were Mexico ($2.65B), China ($283M), Canada ($268M), Dominican Republic ($130M), and South Korea ($96.3M).
In 2021, United States imported $4.37B in Electrical Power Accessories, mainly from Mexico ($1.49B), China ($674M), Germany ($389M), Japan ($252M), and India ($176M).
THE FASTEST GROWING Electrical Power Accessories EXPORT MARKETS FOR United States WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Power Accessories BY United States WERE (2020 - 2021):
In 2021, United States's main exporting competitors in Electrical Power Accessories were:
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