Harvesting Machinery in United States 2021 Exports | Imports : $3.5B | $3.62B, World Rnk 3 / 188 Rnk 92 / 1216 | World Rnk 1 / 222 Rnk 143 / 1215
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $360M | $204M, Canada | China
2021 ECONOMIC COMPLEXITY of United States: 1.46, Rnk 10 / 131
2021 PRODUCT COMPLEXITY IN Harvesting Machinery: 0.75, Rnk 256 / 1029
Exports In 2021, United States exported $3.5B in Harvesting Machinery, making it the 3rd largest exporter of Harvesting Machinery in the world. At the same year, Harvesting Machinery was the 92nd most exported product in United States. The main destination of Harvesting Machinery exports from United States are: Canada ($1.31B), Australia ($484M), Mexico ($185M), Germany ($178M), and Belgium ($153M).
The fastest growing export markets for Harvesting Machinery of United States between 2020 and 2021 were Canada ($360M), Australia ($160M), and Belgium ($57.6M).
Imports In 2021, United States imported $3.62B in Harvesting Machinery, becoming the 1st largest importer of Harvesting Machinery in the world. At the same year, Harvesting Machinery was the 143rd most imported product in United States. United States imports Harvesting Machinery primarily from: China ($854M), Germany ($533M), Mexico ($465M), Canada ($415M), and Vietnam ($277M).
The fastest growing import markets in Harvesting Machinery for United States between 2020 and 2021 were China ($204M), Mexico ($145M), and Belgium ($107M).
February 2023
Overview In February 2023 United States' Harvesting Machinery exports accounted up to $426M and imports accounted up to $446M, resulting in a negative trade balance of $19.9M. Between February 2022 and February 2023 the exports of United States' Harvesting Machinery have increased by $154M (56.5%) from $272M to $426M, while imports increased by $112M (33.6%) from $334M to $446M.
Destinations In February 2023, Harvesting Machinery were exported mostly to Canada ($147M), Brazil ($53.8M), Australia ($42.3M), France ($27.3M), and Mexico ($22.4M), and were imported mostly from China ($82.8M), Germany ($79.6M), Mexico ($67.8M), Canada ($48.5M), and Belgium ($39.6M).
Growth In February 2023, the increase in Harvesting Machinery's year-by-year exports was explained primarily by an increase in exports to China ($14.9M or 427%), Brazil ($10.4M or 133%), and Argentina ($3.61M or 70.3%). In February 2023, the increase in Harvesting Machinery's year-by-year imports was explained primarily by an increase in imports from China ($24M or 32.8%), Vietnam ($7.28M or 33.3%), and Italy ($4.15M or 30.3%).
EXPORT GROWTH (February 2022 - February 2023): $154M, (56.5%)
IMPORT GROWTH (February 2022 - February 2023): $112M, (33.6%)
MAIN EXPORTER (February 2023): Illinois, $95.7M
MAIN DESTINATION (February 2023): Canada, $147M
This section shows Harvesting Machinery'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 Harvesting Machinery over time.
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EXPORTS (2021): $3.5B
IMPORTS (2021): $3.62B
NET TRADE (2021): -$123M
In 2021, United States exported $3.5B in Harvesting Machinery. The main destinations of United States exports on Harvesting Machinery were Canada ($1.31B), Australia ($484M), Mexico ($185M), Germany ($178M), and Belgium ($153M).
In 2021, United States imported $3.62B in Harvesting Machinery, mainly from China ($854M), Germany ($533M), Mexico ($465M), Canada ($415M), and Vietnam ($277M).
THE FASTEST GROWING Harvesting Machinery EXPORT MARKETS FOR United States WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Harvesting Machinery BY United States WERE (2020 - 2021):
In 2021, United States's main exporting competitors in Harvesting Machinery were:
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