Low-voltage Protection Equipment in United States 2020 Exports | Imports : $8.28B | $10.8B, World Rnk 3 / 226 Rnk 29 / 1217 | World Rnk 1 / 225 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
Overview In December 2022 United States' Low-voltage Protection Equipment exports accounted up to $977M and imports accounted up to $1.13B, resulting in a negative trade balance of $148M. Between December 2021 and December 2022 the exports of United States' Low-voltage Protection Equipment have increased by $90.4M (10.2%) from $887M to $977M, while imports increased by $22.5M (2.04%) from $1.1B to $1.13B.
Destinations In December 2022, Low-voltage Protection Equipment were exported mostly to Mexico ($367M), Canada ($134M), China ($59.4M), Germany ($32.7M), and United Kingdom ($25.5M), and were imported mostly from Mexico ($319M), China ($219M), Germany ($72.1M), Japan ($66.5M), and Dominican Republic ($54.6M).
Growth In December 2022, 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 December 2022, the increase in Low-voltage Protection Equipment's year-by-year imports was explained primarily by an increase in imports from China ($33.8M or 17.5%), Mexico ($28.4M or 11.7%), and Germany ($11M or 22.1%).
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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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).
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):
In 2020, United States's main exporting competitors in Low-voltage Protection Equipment were:
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