Liquid Pumps in United States 2020 Exports | Imports : $7.16B | $8.88B, World Rnk 3 / 222 Rnk 34 / 1217 | World Rnk 1 / 226 Rnk 51 / 1214
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $21.4M | $19.3M, Bahrain | Vietnam
2020 ECONOMIC COMPLEXITY of United States: 1.56, Rnk 9 / 127
2020 PRODUCT COMPLEXITY IN Liquid Pumps: 1.26, Rnk 107 / 1029
Exports In 2020, United States exported $7.16B in Liquid Pumps, making it the 3rd largest exporter of Liquid Pumps in the world. At the same year, Liquid Pumps was the 34th most exported product in United States. The main destination of Liquid Pumps exports from United States are: Canada ($1.47B), Mexico ($1.29B), China ($498M), United Kingdom ($333M), and Germany ($294M).
The fastest growing export markets for Liquid Pumps of United States between 2019 and 2020 were Bahrain ($21.4M), Japan ($19.9M), and China ($17.1M).
Imports In 2020, United States imported $8.88B in Liquid Pumps, becoming the 1st largest importer of Liquid Pumps in the world. At the same year, Liquid Pumps was the 51st most imported product in United States. United States imports Liquid Pumps primarily from: China ($1.79B), Mexico ($1.67B), Germany ($1.03B), Canada ($894M), and Japan ($786M).
The fastest growing import markets in Liquid Pumps for United States between 2019 and 2020 were Vietnam ($19.3M), Sweden ($14.8M), and Thailand ($12.8M).
Tariffs In 2019, the average tariff for United States in Liquid Pumps was 0.33%. The countries with the highest import tariffs for Liquid Pumps were Burundi (Most Favoured Nation duty rate treatement, 0.47%), Democratic Republic of the Congo (Most Favoured Nation duty rate treatement, 0.47%), Algeria (Most Favoured Nation duty rate treatement, 0.47%), Egypt (Most Favoured Nation duty rate treatement, 0.47%), and Eritrea (Most Favoured Nation duty rate treatement, 0.47%).
December 2022
Overview In December 2022 United States' Liquid Pumps exports accounted up to $742M and imports accounted up to $1.05B, resulting in a negative trade balance of $306M. Between December 2021 and December 2022 the exports of United States' Liquid Pumps have increased by $53.3M (7.74%) from $689M to $742M, while imports increased by $93.5M (9.79%) from $955M to $1.05B.
Destinations In December 2022, Liquid Pumps were exported mostly to Canada ($186M), Mexico ($119M), China ($49M), Germany ($29.5M), and United Kingdom ($26.6M), and were imported mostly from Mexico ($189M), China ($175M), Germany ($120M), Japan ($116M), and Canada ($85.3M).
Growth In December 2022, the increase in Liquid Pumps's year-by-year exports was explained primarily by an increase in exports to India ($39.6M or 382%), Germany ($11.1M or 60.1%), and United Kingdom ($5.85M or 39.4%). In December 2022, the increase in Liquid Pumps's year-by-year imports was explained primarily by an increase in imports from China ($29.2M or 18.9%), Germany ($23.7M or 30.9%), and India ($16.8M or 112%).
EXPORT GROWTH (December 2021 - December 2022): $53.3M, (7.74%)
IMPORT GROWTH (December 2021 - December 2022): $93.5M, (9.79%)
MAIN EXPORTER (December 2022): Texas, $145M
MAIN DESTINATION (December 2022): Canada, $186M
This section shows Liquid Pumps'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 Liquid Pumps over time.
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EXPORTS (2020): $7.16B
IMPORTS (2020): $8.88B
NET TRADE (2020): -$1.72B
In 2020, United States exported $7.16B in Liquid Pumps. The main destinations of United States exports on Liquid Pumps were Canada ($1.47B), Mexico ($1.29B), China ($498M), United Kingdom ($333M), and Germany ($294M).
In 2020, United States imported $8.88B in Liquid Pumps, mainly from China ($1.79B), Mexico ($1.67B), Germany ($1.03B), Canada ($894M), and Japan ($786M).
THE FASTEST GROWING Liquid Pumps EXPORT MARKETS FOR United States WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Liquid Pumps BY United States WERE (2019 - 2020):
In 2020, United States's main exporting competitors in Liquid Pumps were:
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