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2023
Exports $9.44BWorld Rnk 6 / 222
Flag Rnk 31 / 1217
2023
Destination $140M Netherlands
2022 - 2023
FASTEST GROWING MARKET $140MSouth Korea
2023
PRODUCT COMPLEXITY IN Office Machine Parts1.14Rnk 125 / 1025
2023
Imports $54.7BWorld Rnk 1 / 226
Flag Rnk 9 / 1215
2023
Origin $3.47B China
2022 - 2023
FASTEST GROWING ORIGIN $3.47BChinese Taipei
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $9.44B in Office Machine Parts, making it the 6th largest exporter of Office Machine Parts in the world. At the same year, Office Machine Parts was the 31st most exported product in United States. The main destination of Office Machine Parts exports from United States are: Netherlands ($1.03B), Mexico ($908M), Canada ($669M), Hong Kong ($666M), and Singapore ($594M).

The fastest growing export markets for Office Machine Parts of United States between 2022 and 2023 were South Korea ($140M), Singapore ($131M), and Canada ($113M).

Imports In 2023, United States imported $54.7B in Office Machine Parts, becoming the 1st largest importer of Office Machine Parts in the world. At the same year, Office Machine Parts was the 9th most imported product in United States. United States imports Office Machine Parts primarily from: China ($14.3B), Chinese Taipei ($14.1B), Thailand ($6.51B), Vietnam ($4.31B), and South Korea ($4.19B).

The fastest growing import markets in Office Machine Parts for United States between 2022 and 2023 were Chinese Taipei ($3.47B), Germany ($56.7M), and Belgium ($49.6M).

COMPANIES In 2023, leading companies such as Asus Computer (220), Lenovo (117), and StarTech (82) were at the forefront of shipping Office Machine Parts to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Office Machine Parts exports accounted up to $1.94B and imports accounted up to $5.31B, resulting in a negative trade balance of $3.37B. Between November 2023 and November 2024 the exports of United States'   Office Machine Parts have increased by $630M (48.1%) from $1.31B to $1.94B, while imports increased by $1.96B (58.5%) from $3.35B to $5.31B.

Destinations In November 2024, Office Machine Parts were exported mostly to Mexico ($1.02B), Chinese Taipei ($207M), Malaysia ($93.1M), Netherlands ($87.4M), and China ($60.2M), and were imported mostly from Chinese Taipei ($2.2B), Vietnam ($804M), South Korea ($712M), Malaysia ($551M), and China ($513M).

Growth In November 2024, the increase in Office Machine Parts's year-by-year exports was explained primarily by an increase in exports to Thailand ($48.1M or 191%), Germany ($25M or 370%), and Czechia ($15.5M or 127%). In November 2024, the increase in Office Machine Parts's year-by-year imports was explained primarily by an increase in imports from Thailand ($44.8M or 247%), Malaysia ($13.3M or 14.1%), and Germany ($5.98M or 73.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$630M(48.1%)
IMPORT GROWTH (November 2023 - November 2024)$1.96B(58.5%)
MAIN EXPORTER (November 2024)Texas$941M
MAIN DESTINATION (November 2024)Mexico$1.02B

This section shows Office Machine 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 Office Machine Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$9.44B
IMPORTS (2023)$54.7B
NET TRADE (2023)-$45.3B

In 2023, United States exported $9.44B in Office Machine Parts. The main destinations of United States exports on Office Machine Parts were Netherlands ($1.03B), Mexico ($908M), Canada ($669M), Hong Kong ($666M), and Singapore ($594M).

In 2023, United States imported $54.7B in Office Machine Parts, mainly from China ($14.3B), Chinese Taipei ($14.1B), Thailand ($6.51B), Vietnam ($4.31B), and South Korea ($4.19B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Office Machine Parts EXPORT MARKETS FOR United States WERE (2022 - 2023):
South Korea$140M (53.7%)
Singapore$131M (28.3%)
Canada$113M (20.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Office Machine Parts BY United States WERE (2022 - 2023):
Mexico-$1.7B (-65.2%)
Hong Kong-$342M (-33.9%)
Hungary-$130M (-21.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Office Machine Parts were:
China $89B
Chinese Taipei $29.8B
Thailand $21.4B
In 2023, United States's main importing competitors in Office Machine Parts were:
China $23.4B
Hong Kong $23B

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Trade Value of Office Machine Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $310M
TOP IMPORT POTENTIALChina+ $887M

Office Machine Parts’s highest export potential is China. With an export gap of $310M.   Office Machine Parts’s highest import potential is China with an import gap of $887M.

See methodology.

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