HS Icon Low-voltage Protection Equipment in  Flag United States

2021
Exports | Imports
: $9.32B | $13.6B, World Rnk 3 / 225
Flag Rnk 31 / 1216 | World Rnk 1 / 225
Flag Rnk 33 / 1215

2020 - 2021
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $400M | $750M, Mexico |  China

2021
ECONOMIC COMPLEXITY of United States
: 1.46, Rnk 10 / 131

2021
PRODUCT COMPLEXITY IN Low-voltage Protection Equipment
: 0.68, Rnk 284 / 1029

Exports In 2021, United States exported $9.32B in Low-voltage Protection Equipment, making it the 3rd largest exporter of Low-voltage Protection Equipment in the world. At the same year, Low-voltage Protection Equipment was the 31st most exported product in United States. The main destination of Low-voltage Protection Equipment exports from United States are: Mexico ($3.54B), Canada ($1.09B), China ($651M), Germany ($353M), and Hong Kong ($342M).

The fastest growing export markets for Low-voltage Protection Equipment of United States between 2020 and 2021 were Mexico ($400M), Malaysia ($105M), and Canada ($92.6M).

Imports In 2021, United States imported $13.6B in Low-voltage Protection Equipment, becoming the 1st largest importer of Low-voltage Protection Equipment in the world. At the same year, Low-voltage Protection Equipment was the 33rd most imported product in United States. United States imports Low-voltage Protection Equipment primarily from: Mexico ($3.57B), China ($3.13B), Germany ($1.21B), Japan ($873M), and Dominican Republic ($749M).

The fastest growing import markets in Low-voltage Protection Equipment for United States between 2020 and 2021 were China ($750M), Mexico ($585M), and Japan ($242M).

Tariffs In 2018, the average tariff for United States in Low-voltage Protection Equipment was 1.06%. The countries with the highest import tariffs for Low-voltage Protection Equipment were Equatorial Guinea (Most Favoured Nation duty rate treatment, 1.59%), Libya (Most Favoured Nation duty rate treatment, 1.59%), Mayotte (Most Favoured Nation duty rate treatment, 1.59%), Reunion (Most Favoured Nation duty rate treatment, 1.59%), and Sudan (Most Favoured Nation duty rate treatment, 1.59%).

March 2023

Subnational Monthly Trade

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EXPORT GROWTH (March 2022 - March 2023): $18.8M, (1.68%)

IMPORT GROWTH (March 2022 - March 2023): $-29.2M, (-2.35%)

MAIN EXPORTER (March 2023): Texas, $303M

MAIN DESTINATION (March 2023): Mexico, $447M

This section shows Low-voltage Protection Equipment'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 Low-voltage Protection Equipment over time.

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Historical Data

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EXPORTS (2021): $9.32B

IMPORTS (2021): $13.6B

NET TRADE (2021): -$4.24B

In 2021, United States exported $9.32B in Low-voltage Protection Equipment. The main destinations of United States exports on Low-voltage Protection Equipment were Mexico ($3.54B), Canada ($1.09B), China ($651M), Germany ($353M), and Hong Kong ($342M).

In 2021, United States imported $13.6B in Low-voltage Protection Equipment, mainly from Mexico ($3.57B), China ($3.13B), Germany ($1.21B), Japan ($873M), and Dominican Republic ($749M).

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THE FASTEST GROWING Low-voltage Protection Equipment EXPORT MARKETS FOR United States WERE (2020 - 2021):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Low-voltage Protection Equipment BY United States WERE (2020 - 2021):

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Market Concentration

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In 2021, United States's main exporting competitors in Low-voltage Protection Equipment were:

In 2021, United States's main importing competitors in Low-voltage Protection Equipment were:

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