Liquid Pumps in United States 2021 Exports | Imports : $7.61B | $10.7B, World Rnk 3 / 223 Rnk 40 / 1216 | World Rnk 1 / 225 Rnk 55 / 1215
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $194M | $291M, China | Mexico
2021 ECONOMIC COMPLEXITY of United States: 1.46, Rnk 10 / 131
2021 PRODUCT COMPLEXITY IN Liquid Pumps: 1.27, Rnk 102 / 1029
Exports In 2021, United States exported $7.61B in Liquid Pumps, making it the 3rd largest exporter of Liquid Pumps in the world. At the same year, Liquid Pumps was the 40th most exported product in United States. The main destination of Liquid Pumps exports from United States are: Canada ($1.6B), Mexico ($1.28B), China ($692M), Germany ($315M), and United Kingdom ($315M).
The fastest growing export markets for Liquid Pumps of United States between 2020 and 2021 were China ($194M), Canada ($136M), and Brazil ($57.2M).
Imports In 2021, United States imported $10.7B in Liquid Pumps, becoming the 1st largest importer of Liquid Pumps in the world. At the same year, Liquid Pumps was the 55th most imported product in United States. United States imports Liquid Pumps primarily from: Mexico ($1.96B), China ($1.96B), Germany ($1.31B), Japan ($1.03B), and Canada ($953M).
The fastest growing import markets in Liquid Pumps for United States between 2020 and 2021 were Mexico ($291M), Germany ($279M), and Japan ($243M).
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 treatment, 0.47%), Democratic Republic of the Congo (Most Favoured Nation duty rate treatment, 0.47%), Algeria (Most Favoured Nation duty rate treatment, 0.47%), Egypt (Most Favoured Nation duty rate treatment, 0.47%), and Eritrea (Most Favoured Nation duty rate treatment, 0.47%).
March 2023
Overview In March 2023 United States' Liquid Pumps exports accounted up to $817M and imports accounted up to $1.09B, resulting in a negative trade balance of $275M. Between March 2022 and March 2023 the exports of United States' Liquid Pumps have increased by $31.9M (4.07%) from $785M to $817M, while imports increased by $24M (2.24%) from $1.07B to $1.09B.
Destinations In March 2023, Liquid Pumps were exported mostly to Canada ($212M), Mexico ($134M), Germany ($36.8M), China ($36.7M), and United Kingdom ($30.1M), and were imported mostly from Mexico ($237M), China ($149M), Germany ($124M), Japan ($106M), and Canada ($99.9M).
Growth In March 2023, 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 March 2023, 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 (March 2022 - March 2023): $31.9M, (4.07%)
IMPORT GROWTH (March 2022 - March 2023): $24M, (2.24%)
MAIN EXPORTER (March 2023): Texas, $144M
MAIN DESTINATION (March 2023): Canada, $212M
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 (2021): $7.61B
IMPORTS (2021): $10.7B
NET TRADE (2021): -$3.12B
In 2021, United States exported $7.61B in Liquid Pumps. The main destinations of United States exports on Liquid Pumps were Canada ($1.6B), Mexico ($1.28B), China ($692M), Germany ($315M), and United Kingdom ($315M).
In 2021, United States imported $10.7B in Liquid Pumps, mainly from Mexico ($1.96B), China ($1.96B), Germany ($1.31B), Japan ($1.03B), and Canada ($953M).
THE FASTEST GROWING Liquid Pumps EXPORT MARKETS FOR United States WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Liquid Pumps BY United States WERE (2020 - 2021):
In 2021, United States's main exporting competitors in Liquid Pumps were:
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