High-voltage Protection Equipment in United States 2021 Exports | Imports : $740M | $997M, World Rnk 3 / 186 Rnk 293 / 1216 | World Rnk 1 / 221 Rnk 377 / 1215
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $25.2M | $19.4M, Canada | Japan
2021 ECONOMIC COMPLEXITY of United States: 1.46, Rnk 10 / 131
2021 PRODUCT COMPLEXITY IN High-voltage Protection Equipment: 0.69, Rnk 282 / 1029
Exports In 2021, United States exported $740M in High-voltage Protection Equipment, making it the 3rd largest exporter of High-voltage Protection Equipment in the world. At the same year, High-voltage Protection Equipment was the 293rd most exported product in United States. The main destination of High-voltage Protection Equipment exports from United States are: Canada ($204M), Mexico ($129M), Dominican Republic ($47.6M), China ($36.6M), and Brazil ($25.5M).
The fastest growing export markets for High-voltage Protection Equipment of United States between 2020 and 2021 were Canada ($25.2M), China ($10.3M), and Mexico ($7.9M).
Imports In 2021, United States imported $997M in High-voltage Protection Equipment, becoming the 1st largest importer of High-voltage Protection Equipment in the world. At the same year, High-voltage Protection Equipment was the 377th most imported product in United States. United States imports High-voltage Protection Equipment primarily from: Mexico ($451M), Canada ($116M), Germany ($78.4M), China ($69.1M), and Japan ($40.4M).
The fastest growing import markets in High-voltage Protection Equipment for United States between 2020 and 2021 were Japan ($19.4M), Canada ($16.7M), and India ($8.25M).
Tariffs In 2019, the average tariff for United States in High-voltage Protection Equipment was 1.83%. The countries with the highest import tariffs for High-voltage Protection Equipment were Burundi (Most Favoured Nation duty rate treatment, 2.6%), Democratic Republic of the Congo (Most Favoured Nation duty rate treatment, 2.6%), Algeria (Most Favoured Nation duty rate treatment, 2.6%), Egypt (Most Favoured Nation duty rate treatment, 2.6%), and Eritrea (Most Favoured Nation duty rate treatment, 2.6%).
March 2023
Overview In March 2023 United States' High-voltage Protection Equipment exports accounted up to $110M and imports accounted up to $124M, resulting in a negative trade balance of $13.1M. Between March 2022 and March 2023 the exports of United States' High-voltage Protection Equipment have increased by $28.9M (35.5%) from $81.5M to $110M, while imports increased by $25.4M (25.9%) from $98.2M to $124M.
Destinations In March 2023, High-voltage Protection Equipment were exported mostly to Canada ($33M), Mexico ($16.5M), China ($9.83M), Saudi Arabia ($5.4M), and Dominican Republic ($5.34M), and were imported mostly from Mexico ($63.9M), Canada ($9.52M), Germany ($9.35M), China ($6.81M), and Italy ($4.62M).
Growth In March 2023, the increase in High-voltage Protection Equipment's year-by-year exports was explained primarily by an increase in exports to Canada ($2.52M or 17.4%), Mexico ($1.42M or 13.1%), and Brazil ($1.17M or 79%). In March 2023, the increase in High-voltage Protection Equipment's year-by-year imports was explained primarily by an increase in imports from Mexico ($5.65M or 16.2%), China ($3.08M or 52.3%), and South Korea ($889k or 153%).
EXPORT GROWTH (March 2022 - March 2023): $28.9M, (35.5%)
IMPORT GROWTH (March 2022 - March 2023): $25.4M, (25.9%)
MAIN EXPORTER (March 2023): Texas, $14.7M
MAIN DESTINATION (March 2023): Canada, $33M
This section shows High-voltage Protection Equipment'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 High-voltage Protection Equipment over time.
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EXPORTS (2021): $740M
IMPORTS (2021): $997M
NET TRADE (2021): -$258M
In 2021, United States exported $740M in High-voltage Protection Equipment. The main destinations of United States exports on High-voltage Protection Equipment were Canada ($204M), Mexico ($129M), Dominican Republic ($47.6M), China ($36.6M), and Brazil ($25.5M).
In 2021, United States imported $997M in High-voltage Protection Equipment, mainly from Mexico ($451M), Canada ($116M), Germany ($78.4M), China ($69.1M), and Japan ($40.4M).
THE FASTEST GROWING High-voltage Protection Equipment EXPORT MARKETS FOR United States WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF High-voltage Protection Equipment BY United States WERE (2020 - 2021):
In 2021, United States's main exporting competitors in High-voltage Protection Equipment were:
In 2021, United States's main importing competitors in High-voltage Protection Equipment were:
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