2023
Exports
$10.1BWorld Rnk 3 / 223
Flag Rnk 27 / 1217
2023
PRODUCT COMPLEXITY IN Insulated Wire
-0.48Rnk 691 / 1025
2023
Imports
$29.8BWorld Rnk 1 / 225
Flag Rnk 14 / 1215
2023
ECONOMIC COMPLEXITY of United States
1.5Rnk 10 / 132

About

Exports In 2023, United States exported $10.1B in Insulated Wire, making it the 3rd largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 27th most exported product in United States. The main destination of Insulated Wire exports from United States are: Mexico ($3.77B), Canada ($1.72B), China ($402M), Germany ($353M), and United Kingdom ($261M).

The fastest growing export markets for Insulated Wire of United States between 2022 and 2023 were United Arab Emirates ($94.8M), Germany ($46M), and Costa Rica ($32M).

Imports In 2023, United States imported $29.8B in Insulated Wire, becoming the 1st largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 14th most imported product in United States. United States imports Insulated Wire primarily from: Mexico ($15.7B), China ($3.21B), Vietnam ($1.61B), Philippines ($1.03B), and Honduras ($1.02B).

The fastest growing import markets in Insulated Wire for United States between 2022 and 2023 were Mexico ($917M), Honduras ($166M), and Nicaragua ($123M).

COMPANIES In 2023, leading companies such as TE Connectivity (151), Electrolux (101), and Magna International (100) were at the forefront of shipping Insulated Wire to the United States.

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$36.6M(3.81%)
IMPORT GROWTH (November 2023 - November 2024)$169M(6.92%)
MAIN EXPORTER (November 2024)Texas$302M
MAIN DESTINATION (November 2024)Mexico$344M

This section shows Insulated Wire'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 Insulated Wire over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$10.1B
IMPORTS (2023)$29.8B
NET TRADE (2023)-$19.7B

In 2023, United States exported $10.1B in Insulated Wire. The main destinations of United States exports on Insulated Wire were Mexico ($3.77B), Canada ($1.72B), China ($402M), Germany ($353M), and United Kingdom ($261M).

In 2023, United States imported $29.8B in Insulated Wire, mainly from Mexico ($15.7B), China ($3.21B), Vietnam ($1.61B), Philippines ($1.03B), and Honduras ($1.02B).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR United States WERE (2022 - 2023):
Germany$46M (15%)
Costa Rica$32M (59.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY United States WERE (2022 - 2023):
Mexico-$206M (-5.17%)
Canada-$84.4M (-4.68%)
Hong Kong-$41.8M (-30.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Insulated Wire were:
China $30.3B
Mexico $17.9B
In 2023, United States's main importing competitors in Insulated Wire were:
Germany $15.2B
Japan $8.89B

Explore Visualizations

Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $187M
TOP IMPORT POTENTIALChina+ $1.06B

Insulated Wire’s highest export potential is Germany. With an export gap of $187M.   Insulated Wire’s highest import potential is China with an import gap of $1.06B.

See methodology.

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