Low-voltage Protection Equipment in United States 2021 Exports | Imports : $9.32B | $13.6B, World Rnk 3 / 225 Rnk 31 / 1216 | World Rnk 1 / 225 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
Overview In March 2023 United States' Low-voltage Protection Equipment exports accounted up to $1.14B and imports accounted up to $1.22B, resulting in a negative trade balance of $76.6M. Between March 2022 and March 2023 the exports of United States' Low-voltage Protection Equipment have increased by $18.8M (1.68%) from $1.12B to $1.14B, while imports decreased by $-29.2M (-2.35%) from $1.25B to $1.22B.
Destinations In March 2023, Low-voltage Protection Equipment were exported mostly to Mexico ($447M), Canada ($177M), China ($52.7M), Germany ($40.1M), and United Kingdom ($34.1M), and were imported mostly from Mexico ($402M), China ($178M), Germany ($78.8M), Japan ($76.8M), and Dominican Republic ($68.7M).
Growth In March 2023, the increase in Low-voltage Protection Equipment's year-by-year exports was explained primarily by an increase in exports to Mexico ($69.7M or 23.3%), France ($13.3M or 111%), and Canada ($9.53M or 7.72%). In March 2023, the decrease in Low-voltage Protection Equipment's year-by-year imports was explained primarily by a decrease in imports from Dominican Republic ($-10.9M or -17.9%), Netherlands ($-2.39M or -58.3%), and Spain ($-1.01M or -38%).
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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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).
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):
In 2021, United States's main exporting competitors in Low-voltage Protection Equipment were:
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