Machinery and appliances in United States

EXPORTS (2019): $206B, World Rnk 3 / 225
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TOP DESTINATION (2019): $40.4B, Mexico

FASTEST GROWING MARKET (2018 - 2019): $949M, Germany

IMPORTS (2019): $374B, World Rnk 1 / 225
Flag Rnk 1 / 96

TOP ORIGIN (2019): $90.5B, China

FASTEST GROWING ORIGIN (2018 - 2019): $4.62B, Chinese Taipei

ECONOMIC COMPLEXITY of United States (2019): 1.59, Rnk 9 / 147

PRODUCT COMPLEXITY  IN Machinery and appliances (2019): 1.95, Rnk 3 / 96

Exports: In 2019, United States exported $206B in Machinery and appliances, making it the 3rd largest exporter of Machinery and appliances in the world. At the same year, Machinery and appliances was the 1st most exported product in United States. The main destination of Machinery and appliances exports from United States are: Mexico ($40.4B), Canada ($39.4B), China ($10.1B), Germany ($9.64B), and Japan ($7.3B).

The fastest growing export markets for Machinery and appliances of United States between 2018 and 2019 were Germany ($949M), United Arab Emirates ($707M), and Qatar ($683M).

Imports: In 2019, United States imported $374B in Machinery and appliances, becoming the 1st largest importer of Machinery and appliances in the world. At the same year, Machinery and appliances was the 1st most imported product in United States. United States imports Machinery and appliances primarily from: China ($90.5B), Mexico ($68B), Japan ($30.3B), Germany ($28.7B), and Canada ($26.1B).

The fastest growing import markets in Machinery and appliances for United States between 2018 and 2019 were Chinese Taipei ($4.62B), Mexico ($3.78B), and France ($2.73B).

Tariffs: In 2018, the average tariff for United States in Machinery and appliances was 0.69%. The countries with the highest import tariffs for Machinery and appliances were North Korea (1.43%), Cuba (1.43%), Equatorial Guinea (1.36%), Libya (1.36%), and Mayotte (1.36%).

Overview: In December 2020 United States' Machinery and appliances exports accounted up to $16.6B and imports accounted up to $33B, resulting in a negative trade balance of $16.4B. Between December 2019 and December 2020 the exports of United States'   Machinery and appliances have increased by $285M (1.75%) from $16.3B to $16.6B, while imports increased by $3.61B (12.3%) from $29.4B to $33B.

Destinations: In December 2020 Machinery and appliances exported mostly to Canada ($3.48B), Mexico ($3.05B), China ($1.23B), South Korea ($831M), and Taiwan ($588M), and imported mostly from China ($7.39B), Mexico ($5.01B), Japan ($2.01B), Germany ($1.81B), and Canada ($1.65B).

Growth: In December 2020, the increase in Machinery and appliances's year-by-year exports was explained primarily by an increase in exports to China ($217M or 27%), South Korea ($121M or 19.6%), and Netherlands ($56.1M or 13.6%). In December 2020, the increase in Machinery and appliances's year-by-year imports was explained primarily by an increase in imports from China ($3.03B or 69.4%), Vietnam ($365M or 110%), and Thailand ($234M or 33.2%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (December 2019 - December 2020): $285M, (1.75%)

IMPORT GROWTH (December 2019 - December 2020): $3.61B, (12.3%)

MAIN EXPORTER (December 2020): Texas, $3.22B

MAIN DESTINATION (December 2020): Canada, $3.48B

This section shows Machinery and appliances'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 Machinery and appliances over time.

Value

EXPORTS (2019): $206B

IMPORTS (2019): $374B

NET TRADE (2019): -$168B

In 2019, United States exported $206B in Machinery and appliances. The main destinations of United States exports on Machinery and appliances were Mexico ($40.4B), Canada ($39.4B), China ($10.1B), Germany ($9.64B), and Japan ($7.3B).

In 2019, United States imported $374B in Machinery and appliances, mainly from China ($90.5B), Mexico ($68B), Japan ($30.3B), Germany ($28.7B), and Canada ($26.1B).

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IN 2019, United States HAD A POSITIVE NET TRADE IN Machinery and appliances WITH:

IN 2019, United States HAD A NEGATIVE NET TRADE IN Machinery and appliances WITH:

Flow

THE FASTEST GROWING Machinery and appliances EXPORT MARKETS FOR United States WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery and appliances BY United States WERE (2018 - 2019):

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Market Concentration

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Type

In 2018, United States's main exporting competitors in Machinery and appliances were:

In 2018, United States's main importing competitors in Machinery and appliances were:

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Tariffs by Country

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In 2018, the average tariff for United States in Machinery and appliances was 0.69%.

The countries with the highest tariffs for Machinery and appliances in United States were North Korea (1.43%), Cuba (1.43%), Equatorial Guinea (1.36%), Libya (1.36%), and Mayotte (1.36%).

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