HS Icon Low-voltage Protection Equipment in  Flag United States

2020
Exports | Imports
: $8.28B | $10.8B, World Rnk 3 / 226
Flag Rnk 29 / 1217 | World Rnk 1 / 225
Flag Rnk 38 / 1214

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $30.4M | $27.1M, Honduras |  South Korea

2020
ECONOMIC COMPLEXITY of United States
: 1.56, Rnk 9 / 127

2020
PRODUCT COMPLEXITY  IN Low-voltage Protection Equipment
: 0.68, Rnk 292 / 1029

Exports In 2020, United States exported $8.28B 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 29th most exported product in United States. The main destination of Low-voltage Protection Equipment exports from United States are: Mexico ($3.07B), Canada ($976M), China ($578M), Germany ($323M), and Hong Kong ($303M).

The fastest growing export markets for Low-voltage Protection Equipment of United States between 2019 and 2020 were Honduras ($30.4M), Chinese Taipei ($21M), and China ($16.3M).

Imports In 2020, United States imported $10.8B 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 38th most imported product in United States. United States imports Low-voltage Protection Equipment primarily from: Mexico ($2.99B), China ($2.38B), Germany ($1.01B), Dominican Republic ($715M), and Japan ($631M).

The fastest growing import markets in Low-voltage Protection Equipment for United States between 2019 and 2020 were South Korea ($27.1M), Greece ($18M), and Dominican Republic ($4.91M).

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 treatement, 1.59%), Libya (Most Favoured Nation duty rate treatement, 1.59%), Mayotte (Most Favoured Nation duty rate treatement, 1.59%), Reunion (Most Favoured Nation duty rate treatement, 1.59%), and Sudan (Most Favoured Nation duty rate treatement, 1.59%).

December 2022

Subnational Monthly Trade

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Value

EXPORT GROWTH (December 2021 - December 2022): $90.4M, (10.2%)

IMPORT GROWTH (December 2021 - December 2022): $22.5M, (2.04%)

MAIN EXPORTER (December 2022): Texas, $276M

MAIN DESTINATION (December 2022): Mexico, $367M

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 (2020): $8.28B

IMPORTS (2020): $10.8B

NET TRADE (2020): -$2.54B

In 2020, United States exported $8.28B in Low-voltage Protection Equipment. The main destinations of United States exports on Low-voltage Protection Equipment were Mexico ($3.07B), Canada ($976M), China ($578M), Germany ($323M), and Hong Kong ($303M).

In 2020, United States imported $10.8B in Low-voltage Protection Equipment, mainly from Mexico ($2.99B), China ($2.38B), Germany ($1.01B), Dominican Republic ($715M), and Japan ($631M).

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THE FASTEST GROWING Low-voltage Protection Equipment EXPORT MARKETS FOR United States WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Low-voltage Protection Equipment BY United States WERE (2019 - 2020):

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Market Concentration

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In 2020, United States's main exporting competitors in Low-voltage Protection Equipment were:

In 2020, United States's main importing competitors in Low-voltage Protection Equipment were:

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