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Pricing

2022
Exports | Imports $290M | $309MWorld Rnk 2 / 166
Flag Rnk 510 / 1217
World Rnk 1 / 204
Flag Rnk 675 / 1216
2021 - 2022
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN $6.18M | $11.4MFrance |  Chinese Taipei
2022
ECONOMIC COMPLEXITY of United States1.41Rnk 10 / 124
2022
PRODUCT COMPLEXITY IN Musical Instrument Parts1.12Rnk 128 / 1025

About

Exports In 2022, United States exported $290M in Musical Instrument Parts, making it the 2nd largest exporter of Musical Instrument Parts in the world. At the same year, Musical Instrument Parts was the 510th most exported product in United States. The main destination of Musical Instrument Parts exports from United States are: Germany ($40.5M), Japan ($28.8M), United Kingdom ($28.3M), Canada ($23M), and France ($18.4M).

The fastest growing export markets for Musical Instrument Parts of United States between 2021 and 2022 were France ($6.18M), Belgium ($5.63M), and Germany ($4.58M).

Imports In 2022, United States imported $309M in Musical Instrument Parts, becoming the 1st largest importer of Musical Instrument Parts in the world. At the same year, Musical Instrument Parts was the 675th most imported product in United States. United States imports Musical Instrument Parts primarily from: China ($76.2M), Chinese Taipei ($49.1M), Germany ($30M), South Korea ($29.7M), and France ($19.7M).

The fastest growing import markets in Musical Instrument Parts for United States between 2021 and 2022 were Chinese Taipei ($11.4M), South Korea ($4.12M), and Mexico ($2.15M).

COMPANIES In 2023, leading companies such as YAMAHA CORPORATION OF AMERICA (1.06k), AMAZON SERVICES LLC (464), and GOLDENSEE LIMITED (248) were at the forefront of shipping Musical Instrument Parts to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United States' Musical Instrument Parts exports accounted up to $17M and imports accounted up to $18.5M, resulting in a negative trade balance of $1.47M. Between January 2023 and January 2024 the exports of United States'   Musical Instrument Parts have increased by $299k (1.79%) from $16.7M to $17M, while imports decreased by $-2.27M (-10.9%) from $20.8M to $18.5M.

Destinations In January 2024, Musical Instrument Parts were exported mostly to Germany ($2.55M), Japan ($2.26M), Canada ($2.09M), United Kingdom ($1.69M), and France ($1.38M), and were imported mostly from China ($5.69M), Taiwan ($2.56M), Germany ($2.45M), Canada ($1.54M), and South Korea ($1.02M).

Growth In January 2024, the increase in Musical Instrument Parts's year-by-year exports was explained primarily by an increase in exports to Thailand ($750k or 512%), France ($260k or 52.1%), and Italy ($236k or 149%). In January 2024, the decrease in Musical Instrument Parts's year-by-year imports was explained primarily by a decrease in imports from France ($-797k or -52.1%), China ($-429k or -6.18%), and Canada ($-326k or -18.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2023 - January 2024)$299k(1.79%)
IMPORT GROWTH (January 2023 - January 2024)$-2.27M(-10.9%)
MAIN EXPORTER (January 2024)California$4.85M
MAIN DESTINATION (January 2024)Germany$2.55M

This section shows Musical Instrument Parts'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 Musical Instrument Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$290M
IMPORTS (2022)$309M
NET TRADE (2022)-$19.3M

In 2022, United States exported $290M in Musical Instrument Parts. The main destinations of United States exports on Musical Instrument Parts were Germany ($40.5M), Japan ($28.8M), United Kingdom ($28.3M), Canada ($23M), and France ($18.4M).

In 2022, United States imported $309M in Musical Instrument Parts, mainly from China ($76.2M), Chinese Taipei ($49.1M), Germany ($30M), South Korea ($29.7M), and France ($19.7M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Musical Instrument Parts EXPORT MARKETS FOR United States WERE (2021 - 2022):
France$6.18M (50.6%)
Belgium$5.63M (287%)
Germany$4.58M (12.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Musical Instrument Parts BY United States WERE (2021 - 2022):
Russia-$2.92M (-65.8%)
United Kingdom-$2.35M (-7.67%)
Indonesia-$2.16M (-16.8%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Musical Instrument Parts were:
China $367M
Germany $217M
In 2022, United States's main importing competitors in Musical Instrument Parts were:
Germany $168M
China $160M

Explore Visualizations

Trade Value of Musical Instrument Parts by Exporters

Keep Exploring

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