2023
Exports
$1.99BWorld Rnk 3 / 212
Flag Rnk 151 / 1217
2023
PRODUCT COMPLEXITY IN Interchangeable Tool Parts
1.77Rnk 16 / 1025
2023
Imports
$3.05BWorld Rnk 1 / 223
Flag Rnk 168 / 1215
2023
ECONOMIC COMPLEXITY of United States
1.5Rnk 10 / 132

About

Exports In 2023, United States exported $1.99B in Interchangeable Tool Parts, making it the 3rd largest exporter of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 151st most exported product in United States. The main destination of Interchangeable Tool Parts exports from United States are: Mexico ($517M), Canada ($377M), Germany ($88.8M), Saudi Arabia ($71M), and United Kingdom ($57.9M).

The fastest growing export markets for Interchangeable Tool Parts of United States between 2022 and 2023 were Mexico ($102M), Thailand ($22.6M), and Indonesia ($14.8M).

Imports In 2023, United States imported $3.05B in Interchangeable Tool Parts, becoming the 1st largest importer of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 168th most imported product in United States. United States imports Interchangeable Tool Parts primarily from: China ($542M), Germany ($475M), Japan ($433M), South Korea ($289M), and Canada ($238M).

The fastest growing import markets in Interchangeable Tool Parts for United States between 2022 and 2023 were South Korea ($55.8M), Singapore ($9.18M), and India ($8.92M).

COMPANIES In 2023, leading companies such as Stanley Black & Decker (911), Dole Fresh Fruit (733), and Robert Bosch (197) were at the forefront of shipping Interchangeable Tool Parts to the United States.

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-11.5M(-7.26%)
IMPORT GROWTH (November 2023 - November 2024)$-14.5M(-6.07%)
MAIN EXPORTER (November 2024)Texas$71.1M
MAIN DESTINATION (November 2024)Canada$37.6M

This section shows Interchangeable Tool Parts'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 Interchangeable Tool Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.99B
IMPORTS (2023)$3.05B
NET TRADE (2023)-$1.06B

In 2023, United States exported $1.99B in Interchangeable Tool Parts. The main destinations of United States exports on Interchangeable Tool Parts were Mexico ($517M), Canada ($377M), Germany ($88.8M), Saudi Arabia ($71M), and United Kingdom ($57.9M).

In 2023, United States imported $3.05B in Interchangeable Tool Parts, mainly from China ($542M), Germany ($475M), Japan ($433M), South Korea ($289M), and Canada ($238M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Interchangeable Tool Parts EXPORT MARKETS FOR United States WERE (2022 - 2023):
Mexico$102M (24.7%)
Thailand$22.6M (92.4%)
Indonesia$14.8M (133%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Interchangeable Tool Parts BY United States WERE (2022 - 2023):
Netherlands-$29.8M (-63.8%)
China-$13.7M (-21.4%)
Algeria-$11.6M (-68.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Interchangeable Tool Parts were:
China $4.99B
Germany $4.03B
In 2023, United States's main importing competitors in Interchangeable Tool Parts were:
Germany $2.21B
Mexico $1.66B

Explore Visualizations

Trade Value of Interchangeable Tool Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $34.4M
TOP IMPORT POTENTIALChina+ $89.4M

Interchangeable Tool Parts’s highest export potential is China. With an export gap of $34.4M.   Interchangeable Tool Parts’s highest import potential is China with an import gap of $89.4M.

See methodology.

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