Insulated Wire in United States 2021 Exports | Imports : $9.23B | $25.6B, World Rnk 4 / 219 Rnk 32 / 1216 | World Rnk 1 / 225 Rnk 15 / 1215
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $466M | $1.97B, Canada | Mexico
2021 ECONOMIC COMPLEXITY of United States: 1.46, Rnk 10 / 131
2021 PRODUCT COMPLEXITY IN Insulated Wire: -0.6, Rnk 732 / 1024
Exports In 2021, United States exported $9.23B in Insulated Wire, making it the 4th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 32nd most exported product in United States. The main destination of Insulated Wire exports from United States are: Mexico ($3.55B), Canada ($1.77B), China ($452M), Germany ($259M), and Netherlands ($231M).
The fastest growing export markets for Insulated Wire of United States between 2020 and 2021 were Canada ($466M), Netherlands ($50.7M), and China ($49.4M).
Imports In 2021, United States imported $25.6B in Insulated Wire, becoming the 1st largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 15th most imported product in United States. United States imports Insulated Wire primarily from: Mexico ($13B), China ($4.18B), Vietnam ($1.39B), Philippines ($848M), and Honduras ($747M).
The fastest growing import markets in Insulated Wire for United States between 2020 and 2021 were Mexico ($1.97B), China ($753M), and Vietnam ($349M).
May 2023
Overview In May 2023 United States' Insulated Wire exports accounted up to $1.08B and imports accounted up to $2.61B, resulting in a negative trade balance of $1.53B. Between May 2022 and May 2023 the exports of United States' Insulated Wire have increased by $67M (6.6%) from $1.02B to $1.08B, while imports increased by $80.2M (3.17%) from $2.53B to $2.61B.
Destinations In May 2023, Insulated Wire were exported mostly to Mexico ($428M), Canada ($273M), Netherlands ($27.6M), China ($26.6M), and Germany ($25.5M), and were imported mostly from Mexico ($1.37B), China ($295M), Vietnam ($120M), Honduras ($86.8M), and Nicaragua ($73.8M).
Growth In May 2023, the increase in Insulated Wire's year-by-year exports was explained primarily by an increase in exports to Mexico ($66.8M or 24.3%), Canada ($34.2M or 20.6%), and Netherlands ($10.8M or 73.9%). In May 2023, the increase in Insulated Wire's year-by-year imports was explained primarily by an increase in imports from Mexico ($97.6M or 10.5%), China ($48.3M or 18%), and Taiwan ($43.4M or 124%).
EXPORT GROWTH (May 2022 - May 2023): $67M, (6.6%)
IMPORT GROWTH (May 2022 - May 2023): $80.2M, (3.17%)
MAIN EXPORTER (May 2023): Texas, $361M
MAIN DESTINATION (May 2023): Mexico, $428M
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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EXPORTS (2021): $9.23B
IMPORTS (2021): $25.6B
NET TRADE (2021): -$16.4B
In 2021, United States exported $9.23B in Insulated Wire. The main destinations of United States exports on Insulated Wire were Mexico ($3.55B), Canada ($1.77B), China ($452M), Germany ($259M), and Netherlands ($231M).
In 2021, United States imported $25.6B in Insulated Wire, mainly from Mexico ($13B), China ($4.18B), Vietnam ($1.39B), Philippines ($848M), and Honduras ($747M).
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR United States WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY United States WERE (2020 - 2021):
In 2021, United States's main exporting competitors in Insulated Wire were:
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