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%).