Musical instruments; parts and accessories of such articles in United States 2020 Exports | Imports : $637M | $1.31B, World Rnk 4 / 192 Rnk 79 / 96 | World Rnk 1 / 218 Rnk 80 / 96
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $5.7M | $9.2M, Australia | Bermuda
Exports In 2020, United States exported $637M in Musical instruments; parts and accessories of such articles, making it the 4th largest exporter of Musical instruments; parts and accessories of such articles in the world. At the same year, Musical instruments; parts and accessories of such articles was the 79th most exported product in United States. The main destination of Musical instruments; parts and accessories of such articles exports from United States are: Japan ($91.6M), Canada ($76.7M), Germany ($66M), United Kingdom ($61.3M), and Netherlands ($50.7M).
The fastest growing export markets for Musical instruments; parts and accessories of such articles of United States between 2019 and 2020 were Australia ($5.7M), Israel ($2.12M), and United Kingdom ($1.82M).
Imports In 2020, United States imported $1.31B in Musical instruments; parts and accessories of such articles, becoming the 1st largest importer of Musical instruments; parts and accessories of such articles in the world. At the same year, Musical instruments; parts and accessories of such articles was the 80th most imported product in United States. United States imports Musical instruments; parts and accessories of such articles primarily from: China ($540M), Indonesia ($150M), Japan ($119M), Mexico ($79.9M), and Germany ($65.6M).
The fastest growing import markets in Musical instruments; parts and accessories of such articles for United States between 2019 and 2020 were Bermuda ($9.2M), Spain ($1.76M), and Poland ($1.24M).
Tariffs In 2018, the average tariff for United States in Musical instruments; parts and accessories of such articles was 1.93%. The countries with the highest import tariffs for Musical instruments; parts and accessories of such articles were Equatorial Guinea (Most Favoured Nation duty rate treatement, 2.77%), Libya (Most Favoured Nation duty rate treatement, 2.77%), Mayotte (Most Favoured Nation duty rate treatement, 2.77%), Reunion (Most Favoured Nation duty rate treatement, 2.77%), and Sudan (Most Favoured Nation duty rate treatement, 2.77%).
January 2022
Overview In January 2022 United States' Musical instruments; parts and accessories of such articles exports accounted up to $56M and imports accounted up to $141M, resulting in a negative trade balance of $84.9M. Between January 2021 and January 2022 the exports of United States' Musical instruments; parts and accessories of such articles have increased by $3.26M (6.17%) from $52.8M to $56M, while imports increased by $40.6M (40.4%) from $100M to $141M.
Destinations In January 2022, Musical instruments; parts and accessories of such articles were exported mostly to Canada ($8.97M), Netherlands ($7.99M), Japan ($5.35M), United Kingdom ($4.91M), and Germany ($3.88M), and were imported mostly from China ($52.4M), Indonesia ($25.6M), Mexico ($11M), Japan ($10.1M), and Taiwan ($6.52M).
Growth In January 2022, the increase in Musical instruments; parts and accessories of such articles's year-by-year exports was explained primarily by an increase in exports to Australia ($1.74M or 99.6%), Hong Kong ($1.38M or 102%), and Canada ($1.21M or 16.9%). In January 2022, the increase in Musical instruments; parts and accessories of such articles's year-by-year imports was explained primarily by an increase in imports from Malaysia ($2.29M or 132%), China ($1.21M or 2.64%), and France ($793k or 41%).
EXPORT GROWTH (January 2021 - January 2022): $3.26M, (6.17%)
IMPORT GROWTH (January 2021 - January 2022): $40.6M, (40.4%)
MAIN EXPORTER (January 2022): California, $20.9M
MAIN DESTINATION (January 2022): Canada, $8.97M
This section shows Musical instruments; parts and accessories of such articles'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 instruments; parts and accessories of such articles over time.
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EXPORTS (2020): $637M
IMPORTS (2020): $1.31B
NET TRADE (2020): -$673M
In 2020, United States exported $637M in Musical instruments; parts and accessories of such articles. The main destinations of United States exports on Musical instruments; parts and accessories of such articles were Japan ($91.6M), Canada ($76.7M), Germany ($66M), United Kingdom ($61.3M), and Netherlands ($50.7M).
In 2020, United States imported $1.31B in Musical instruments; parts and accessories of such articles, mainly from China ($540M), Indonesia ($150M), Japan ($119M), Mexico ($79.9M), and Germany ($65.6M).
IN 2020, United States HAD A POSITIVE NET TRADE IN Musical instruments; parts and accessories of such articles WITH:
IN 2020, United States HAD A NEGATIVE NET TRADE IN Musical instruments; parts and accessories of such articles WITH:
THE FASTEST GROWING Musical instruments; parts and accessories of such articles EXPORT MARKETS FOR United States WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Musical instruments; parts and accessories of such articles BY United States WERE (2019 - 2020):
In 2019, United States's main exporting competitors in Musical instruments; parts and accessories of such articles were:
In 2018, the average tariff for United States in Musical instruments; parts and accessories of such articles was 1.93%.
The countries with the highest tariffs for Musical instruments; parts and accessories of such articles in United States were Equatorial Guinea (Most Favoured Nation duty rate treatement, 2.77%), Libya (Most Favoured Nation duty rate treatement, 2.77%), Mayotte (Most Favoured Nation duty rate treatement, 2.77%), Reunion (Most Favoured Nation duty rate treatement, 2.77%), and Sudan (Most Favoured Nation duty rate treatement, 2.77%).
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