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2023
Exports $716MWorld Rnk 5 / 193
Flag Rnk 292 / 1217
2023
Destination $10.6M Mexico
2022 - 2023
FASTEST GROWING MARKET $10.6MSouth Korea
2023
PRODUCT COMPLEXITY IN Electrical Resistors0.83Rnk 235 / 1025
2023
Imports $1.04BWorld Rnk 4 / 215
Flag Rnk 366 / 1215
2023
Origin $6.51M Mexico
2022 - 2023
FASTEST GROWING ORIGIN $6.51MThailand
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $716M in Electrical Resistors, making it the 5th largest exporter of Electrical Resistors in the world. At the same year, Electrical Resistors was the 292nd most exported product in United States. The main destination of Electrical Resistors exports from United States are: Mexico ($216M), China ($61.2M), Germany ($57.2M), Hong Kong ($45.3M), and Canada ($37.9M).

The fastest growing export markets for Electrical Resistors of United States between 2022 and 2023 were South Korea ($10.6M), Mexico ($9.48M), and United Kingdom ($7.68M).

Imports In 2023, United States imported $1.04B in Electrical Resistors, becoming the 4th largest importer of Electrical Resistors in the world. At the same year, Electrical Resistors was the 366th most imported product in United States. United States imports Electrical Resistors primarily from: Mexico ($185M), Japan ($142M), China ($114M), Israel ($93.6M), and Germany ($79.6M).

The fastest growing import markets in Electrical Resistors for United States between 2022 and 2023 were Thailand ($6.51M), South Korea ($4.46M), and Australia ($4.01M).

COMPANIES In 2023, leading companies such as BOEING (125), Robert Bosch (116), and Mahle Behr (92) were at the forefront of shipping Electrical Resistors to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Electrical Resistors exports accounted up to $75.5M and imports accounted up to $77M, resulting in a negative trade balance of $1.47M. Between November 2023 and November 2024 the exports of United States'   Electrical Resistors have decreased by $-9.71M (-11.4%) from $85.2M to $75.5M, while imports increased by $1.44M (1.9%) from $75.5M to $77M.

Destinations In November 2024, Electrical Resistors were exported mostly to Mexico ($29.3M), Canada ($6.25M), Germany ($5.07M), China ($3.7M), and Japan ($3.5M), and were imported mostly from Mexico ($14M), Germany ($8.56M), Japan ($8.25M), China ($8.16M), and Israel ($4.95M).

Growth In November 2024, the decrease in Electrical Resistors's year-by-year exports was explained primarily by a decrease in exports to Hong Kong ($-9M or -69.2%), Israel ($-734k or -38.4%), and France ($-392k or -13.5%). In November 2024, the increase in Electrical Resistors's year-by-year imports was explained primarily by an increase in imports from Thailand ($3.22M or 228%), Israel ($2.4M or 36.6%), and Philippines ($565k or 38.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-9.71M(-11.4%)
IMPORT GROWTH (November 2023 - November 2024)$1.44M(1.9%)
MAIN EXPORTER (November 2024)Texas$28.2M
MAIN DESTINATION (November 2024)Mexico$29.3M

This section shows Electrical Resistors'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 Resistors over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$716M
IMPORTS (2023)$1.04B
NET TRADE (2023)-$319M

In 2023, United States exported $716M in Electrical Resistors. The main destinations of United States exports on Electrical Resistors were Mexico ($216M), China ($61.2M), Germany ($57.2M), Hong Kong ($45.3M), and Canada ($37.9M).

In 2023, United States imported $1.04B in Electrical Resistors, mainly from Mexico ($185M), Japan ($142M), China ($114M), Israel ($93.6M), and Germany ($79.6M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electrical Resistors EXPORT MARKETS FOR United States WERE (2022 - 2023):
South Korea$10.6M (95.8%)
Mexico$9.48M (4.59%)
United Kingdom$7.68M (40%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Resistors BY United States WERE (2022 - 2023):
Hong Kong-$11.5M (-20.2%)
Israel-$4.68M (-20.4%)
Canada-$4.58M (-10.8%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Electrical Resistors were:
China $2.63B
Germany $1.31B
Japan $1.31B
In 2023, United States's main importing competitors in Electrical Resistors were:
China $1.39B
Germany $1.07B
Hong Kong $1.04B

Explore Visualizations

Trade Value of Electrical Resistors by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $23.3M
TOP IMPORT POTENTIALChina+ $65.7M

Electrical Resistors’s highest export potential is China. With an export gap of $23.3M.   Electrical Resistors’s highest import potential is China with an import gap of $65.7M.

See methodology.

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