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2022
Exports $806MWorld Rnk 3 / 190
Flag Rnk 294 / 1217
2022
Destination $20.1M Canada
2021 - 2022
FASTEST GROWING MARKET $20.1MMexico
2022
PRODUCT COMPLEXITY IN High-voltage Protection Equipment0.71Rnk 272 / 1025
2022
Imports $1.17BWorld Rnk 1 / 218
Flag Rnk 364 / 1216
2022
Origin $89.4M Mexico
2021 - 2022
FASTEST GROWING ORIGIN $89.4MMexico
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $806M 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 294th most exported product in United States. The main destination of High-voltage Protection Equipment exports from United States are: Canada ($222M), Mexico ($149M), Dominican Republic ($51.1M), China ($35.7M), and Brazil ($24.7M).

The fastest growing export markets for High-voltage Protection Equipment of United States between 2021 and 2022 were Mexico ($20.1M), Canada ($17.5M), and South Korea ($5.95M).

Imports In 2022, United States imported $1.17B 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 364th most imported product in United States. United States imports High-voltage Protection Equipment primarily from: Mexico ($543M), Canada ($122M), Germany ($102M), China ($94.2M), and Switzerland ($54.5M).

The fastest growing import markets in High-voltage Protection Equipment for United States between 2021 and 2022 were Mexico ($89.4M), China ($23.9M), and Germany ($23.5M).

COMPANIES In 2023, leading companies such as ABB Motors and Mechanical (582), TE Connectivity (73), and CrimsonLogic (56) were at the forefront of shipping High-voltage Protection Equipment to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' High-voltage Protection Equipment exports accounted up to $93M and imports accounted up to $134M, resulting in a negative trade balance of $41.1M. Between June 2023 and June 2024 the exports of United States'   High-voltage Protection Equipment have decreased by $-8.5M (-8.37%) from $101M to $93M, while imports increased by $4.59M (3.54%) from $130M to $134M.

Destinations In June 2024, High-voltage Protection Equipment were exported mostly to Canada ($31.6M), Mexico ($19.2M), Dominican Republic ($4.09M), China ($3.93M), and South Korea ($3.68M), and were imported mostly from Mexico ($64.1M), Germany ($12.1M), Canada ($11.5M), China ($8.06M), and Italy ($5.61M).

Growth In June 2024, the decrease in High-voltage Protection Equipment's year-by-year exports was explained primarily by a decrease in exports to Indonesia ($-878k or -87.1%), Chile ($-862k or -59.2%), and Guatemala ($-533k or -90.1%). In June 2024, the increase in High-voltage Protection Equipment's year-by-year imports was explained primarily by an increase in imports from Mexico ($12M or 29.7%), South Korea ($3.39M or 231%), and Canada ($3M or 40.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-8.5M(-8.37%)
IMPORT GROWTH (June 2023 - June 2024)$4.59M(3.54%)
MAIN EXPORTER (June 2024)Pennsylvania$22M
MAIN DESTINATION (June 2024)Canada$31.6M

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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Historical Data

Trade Balance

Color
EXPORTS (2022)$806M
IMPORTS (2022)$1.17B
NET TRADE (2022)-$369M

In 2022, United States exported $806M in High-voltage Protection Equipment. The main destinations of United States exports on High-voltage Protection Equipment were Canada ($222M), Mexico ($149M), Dominican Republic ($51.1M), China ($35.7M), and Brazil ($24.7M).

In 2022, United States imported $1.17B in High-voltage Protection Equipment, mainly from Mexico ($543M), Canada ($122M), Germany ($102M), China ($94.2M), and Switzerland ($54.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING High-voltage Protection Equipment EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$20.1M (15.6%)
Canada$17.5M (8.59%)
South Korea$5.95M (32.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF High-voltage Protection Equipment BY United States WERE (2021 - 2022):
Philippines-$7.55M (-33.9%)
Saudi Arabia-$4.12M (-30.2%)
Bahamas-$2.97M (-51.7%)
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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 High-voltage Protection Equipment were:
China $1.31B
Germany $1.23B
In 2022, United States's main importing competitors in High-voltage Protection Equipment were:
Saudi Arabia $542M
China $500M

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Trade Value of High-voltage Protection Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $15.6M
TOP IMPORT POTENTIALChina+ $39.9M

High-voltage Protection Equipment’s highest export potential is China. With an export gap of $15.6M.   High-voltage Protection Equipment’s highest import potential is China with an import gap of $39.9M.

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