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2022
Exports $671MWorld Rnk 4 / 108
Flag Rnk 326 / 1217
2022
Destination $39M South Korea
2021 - 2022
FASTEST GROWING MARKET $39MPoland
2022
PRODUCT COMPLEXITY IN Glass Working Machines1.35Rnk 82 / 1025
2022
Imports $788MWorld Rnk 1 / 182
Flag Rnk 448 / 1216
2022
Origin $37.3M Belgium
2021 - 2022
FASTEST GROWING ORIGIN $37.3MChinese Taipei
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $671M in Glass Working Machines, making it the 4th largest exporter of Glass Working Machines in the world. At the same year, Glass Working Machines was the 326th most exported product in United States. The main destination of Glass Working Machines exports from United States are: South Korea ($175M), Mexico ($105M), Chinese Taipei ($62.6M), Canada ($51.2M), and Germany ($48.8M).

The fastest growing export markets for Glass Working Machines of United States between 2021 and 2022 were Poland ($39M), Mexico ($34.8M), and South Korea ($20.3M).

Imports In 2022, United States imported $788M in Glass Working Machines, becoming the 1st largest importer of Glass Working Machines in the world. At the same year, Glass Working Machines was the 448th most imported product in United States. United States imports Glass Working Machines primarily from: Belgium ($247M), Singapore ($178M), Chinese Taipei ($121M), Germany ($66.5M), and Mexico ($34.2M).

The fastest growing import markets in Glass Working Machines for United States between 2021 and 2022 were Chinese Taipei ($37.3M), Singapore ($10.8M), and Norway ($7.86M).

COMPANIES In 2023, leading companies such as CrimsonLogic (1.23k), At Home Procurement (87), and Euromarket Designs (36) were at the forefront of shipping Glass Working Machines to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Glass Working Machines exports accounted up to $28.6M and imports accounted up to $10.5M, resulting in a positive trade balance of $18.2M. Between August 2023 and August 2024 the exports of United States'   Glass Working Machines have decreased by $-13M (-31.1%) from $41.6M to $28.6M, while imports decreased by $-2.22M (-17.5%) from $12.7M to $10.5M.

Destinations In August 2024, Glass Working Machines were exported mostly to Hong Kong ($11.1M), Mexico ($3.67M), Chinese Taipei ($2.55M), Canada ($2.52M), and Belgium ($878k), and were imported mostly from China ($2.13M), Germany ($1.96M), Italy ($1.66M), Sweden ($1.21M), and France ($1.09M).

Growth In August 2024, the decrease in Glass Working Machines's year-by-year exports was explained primarily by a decrease in exports to Germany ($-22.4M or -97.2%), France ($-7.9M or -91.6%), and Chinese Taipei ($-5.25M or -71.6%). In August 2024, the decrease in Glass Working Machines's year-by-year imports was explained primarily by a decrease in imports from Singapore ($-13.3M or -68.7%), Belgium ($-4.88M or -56.9%), and France ($-1.13M or -66%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-13M(-31.1%)
IMPORT GROWTH (August 2023 - August 2024)$-2.22M(-17.5%)
MAIN EXPORTER (August 2024)New York$15M
MAIN DESTINATION (August 2024)Hong Kong$11.1M

This section shows Glass Working Machines'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 Glass Working Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$671M
IMPORTS (2022)$788M
NET TRADE (2022)-$117M

In 2022, United States exported $671M in Glass Working Machines. The main destinations of United States exports on Glass Working Machines were South Korea ($175M), Mexico ($105M), Chinese Taipei ($62.6M), Canada ($51.2M), and Germany ($48.8M).

In 2022, United States imported $788M in Glass Working Machines, mainly from Belgium ($247M), Singapore ($178M), Chinese Taipei ($121M), Germany ($66.5M), and Mexico ($34.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Glass Working Machines EXPORT MARKETS FOR United States WERE (2021 - 2022):
Poland$39M (404%)
Mexico$34.8M (49.3%)
South Korea$20.3M (13.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Glass Working Machines BY United States WERE (2021 - 2022):
Chinese Taipei-$441M (-87.6%)
China-$248M (-90.5%)
Belgium-$102M (-87.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Glass Working Machines were:
Singapore $1.21B
Germany $879M
Japan $691M
In 2022, United States's main importing competitors in Glass Working Machines were:
Belgium $687M
Chinese Taipei $567M

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Trade Value of Glass Working Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $11.6M
TOP IMPORT POTENTIALChina+ $8.99M

Glass Working Machines’s highest export potential is China. With an export gap of $11.6M.   Glass Working Machines’s highest import potential is China with an import gap of $8.99M.

See methodology.

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