2023
Exports
$4.44BWorld Rnk 3 / 216
Flag Rnk 78 / 1217
2023
PRODUCT COMPLEXITY IN Electrical Power Accessories
0.94Rnk 195 / 1025
2023
Imports
$4.46BWorld Rnk 2 / 224
Flag Rnk 124 / 1215
2023
ECONOMIC COMPLEXITY of United States
1.5Rnk 10 / 132

About

Exports In 2023, United States exported $4.44B 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 78th most exported product in United States. The main destination of Electrical Power Accessories exports from United States are: Mexico ($2.62B), Canada ($254M), China ($227M), Venezuela ($106M), and Germany ($91.5M).

The fastest growing export markets for Electrical Power Accessories of United States between 2022 and 2023 were Canada ($49.8M), Venezuela ($48.4M), and Netherlands ($19.8M).

Imports In 2023, United States imported $4.46B in Electrical Power Accessories, becoming the 2nd largest importer of Electrical Power Accessories in the world. At the same year, Electrical Power Accessories was the 124th most imported product in United States. United States imports Electrical Power Accessories primarily from: Mexico ($1.52B), China ($554M), Germany ($365M), Malaysia ($232M), and Japan ($222M).

The fastest growing import markets in Electrical Power Accessories for United States between 2022 and 2023 were Mexico ($159M), Germany ($33.6M), and Malaysia ($32.5M).

COMPANIES In 2023, leading companies such as TE Connectivity (326), CONTINENTAL AUTOMOTIVE SYSTEMS, INC (314), and Robert Bosch (244) were at the forefront of shipping Electrical Power Accessories to the United States.

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-48.3M(-11.5%)
IMPORT GROWTH (November 2023 - November 2024)$10.1M(3.05%)
MAIN EXPORTER (November 2024)Texas$123M
MAIN DESTINATION (November 2024)Mexico$210M

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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Historical Data

Trade Balance

Color
EXPORTS (2023)$4.44B
IMPORTS (2023)$4.46B
NET TRADE (2023)-$21.1M

In 2023, United States exported $4.44B in Electrical Power Accessories. The main destinations of United States exports on Electrical Power Accessories were Mexico ($2.62B), Canada ($254M), China ($227M), Venezuela ($106M), and Germany ($91.5M).

In 2023, United States imported $4.46B in Electrical Power Accessories, mainly from Mexico ($1.52B), China ($554M), Germany ($365M), Malaysia ($232M), and Japan ($222M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electrical Power Accessories EXPORT MARKETS FOR United States WERE (2022 - 2023):
Canada$49.8M (24.4%)
Venezuela$48.4M (84.6%)
Netherlands$19.8M (29.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Power Accessories BY United States WERE (2022 - 2023):
Costa Rica-$41.9M (-76.7%)
South Korea-$37.4M (-38.6%)
Hong Kong-$22M (-28.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Electrical Power Accessories were:
Germany $7.23B
China $6.67B
In 2023, United States's main importing competitors in Electrical Power Accessories were:

Explore Visualizations

Trade Value of Electrical Power Accessories by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $115M
TOP IMPORT POTENTIALChina+ $166M

Electrical Power Accessories’s highest export potential is China. With an export gap of $115M.   Electrical Power Accessories’s highest import potential is China with an import gap of $166M.

See methodology.

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