HS Icon Engine Parts in  Flag United States

2020
Exports | Imports
: $4.96B | $9.35B, World Rnk 4 / 221
Flag Rnk 55 / 1217 | World Rnk 1 / 226
Flag Rnk 46 / 1214

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $24.1M | $9.53M, China |  Netherlands


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


PRODUCT COMPLEXITY  IN Engine Parts
: 0.85, Rnk 213 / 1028

Exports In 2020, United States exported $4.96B in Engine Parts, making it the 4th largest exporter of Engine Parts in the world. At the same year, Engine Parts was the 55th most exported product in United States. The main destination of Engine Parts exports from United States are: Mexico ($1.67B), Canada ($1.2B), China ($273M), Australia ($160M), and Japan ($157M).

The fastest growing export markets for Engine Parts of United States between 2019 and 2020 were China ($24.1M), Italy ($20.4M), and Australia ($16.1M).

Imports In 2020, United States imported $9.35B in Engine Parts, becoming the 1st largest importer of Engine Parts in the world. At the same year, Engine Parts was the 46th most imported product in United States. United States imports Engine Parts primarily from: Mexico ($2.63B), Japan ($1.58B), Germany ($1.1B), China ($1.02B), and Canada ($630M).

The fastest growing import markets in Engine Parts for United States between 2019 and 2020 were Netherlands ($9.53M), Morocco ($8.67M), and Austria ($8.06M).

Tariffs In 2019, the average tariff for United States in Engine Parts was 1.06%. The countries with the highest import tariffs for Engine Parts were Burundi (Most Favoured Nation duty rate treatement, 1.5%), Democratic Republic of the Congo (Most Favoured Nation duty rate treatement, 1.5%), Algeria (Most Favoured Nation duty rate treatement, 1.5%), Egypt (Most Favoured Nation duty rate treatement, 1.5%), and Eritrea (Most Favoured Nation duty rate treatement, 1.5%).

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Subnational Monthly Trade

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Y-AXIS SCALE

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The following visualization shows the latest trends on Engine Parts. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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EXPORTS (2020): $4.96B

IMPORTS (2020): $9.35B

NET TRADE (2020): -$4.39B

In 2020, United States exported $4.96B in Engine Parts. The main destinations of United States exports on Engine Parts were Mexico ($1.67B), Canada ($1.2B), China ($273M), Australia ($160M), and Japan ($157M).

In 2020, United States imported $9.35B in Engine Parts, mainly from Mexico ($2.63B), Japan ($1.58B), Germany ($1.1B), China ($1.02B), and Canada ($630M).

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THE FASTEST GROWING Engine Parts EXPORT MARKETS FOR United States WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Engine Parts BY United States WERE (2019 - 2020):

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Market Concentration

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In 2019, United States's main exporting competitors in Engine Parts were:

In 2019, United States's main importing competitors in Engine Parts were:

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