Instruments and apparatus in United States

2019
Exports | Imports
: $102B | $103B, World Rnk 1 / 225
Flag Rnk 5 / 96 | World Rnk 1 / 225
Flag Rnk 6 / 96

2019
Destination | Origin
: $12.9B | $17.7B, China | Mexico

2018 - 2019
FASTEST GROWING MARKET |  FASTEST GROWING ORIGIN
: $968M | $1.34B, Chinese Taipei |  Japan

2019
ECONOMIC COMPLEXITY of United States
: 1.64, Rnk 9 / 157

2019
PRODUCT COMPLEXITY  IN Instruments and apparatus
: 1.92, Rnk 4 / 96

Exports: In 2019, United States exported $102B in Instruments and apparatus, making it the 1st largest exporter of Instruments and apparatus in the world. At the same year, Instruments and apparatus was the 5th most exported product in United States. The main destination of Instruments and apparatus exports from United States are: China ($12.9B), Japan ($8.41B), Netherlands ($7.87B), Germany ($7.53B), and Canada ($7.39B).

The fastest growing export markets for Instruments and apparatus of United States between 2018 and 2019 were Chinese Taipei ($968M), Netherlands ($387M), and France ($318M).

Imports: In 2019, United States imported $103B in Instruments and apparatus, becoming the 1st largest importer of Instruments and apparatus in the world. At the same year, Instruments and apparatus was the 6th most imported product in United States. United States imports Instruments and apparatus primarily from: Mexico ($17.7B), Germany ($11.3B), China ($10.6B), Japan ($9.38B), and Ireland ($6.09B).

The fastest growing import markets in Instruments and apparatus for United States between 2018 and 2019 were Japan ($1.34B), Singapore ($1.13B), and Netherlands ($975M).

Tariffs: In 2018, the average tariff for United States in Instruments and apparatus was 0.53%. The countries with the highest import tariffs for Instruments and apparatus were Equatorial Guinea (1.1%), Libya (1.1%), Mayotte (1.1%), Reunion (1.1%), and Sudan (1.1%).

Overview: In January 2021 United States' Instruments and apparatus exports accounted up to $6.83B and imports accounted up to $7.12B, resulting in a negative trade balance of $290M. Between January 2020 and January 2021 the exports of United States'   Instruments and apparatus have decreased by $-83.4M (-1.21%) from $6.91B to $6.83B, while imports decreased by $-179M (-2.45%) from $7.3B to $7.12B.

Destinations: In January 2021 Instruments and apparatus exported mostly to China ($779M), Canada ($658M), Netherlands ($613M), Mexico ($582M), and Japan ($565M), and imported mostly from Mexico ($1.27B), China ($1.06B), Germany ($688M), Ireland ($501M), and Japan ($479M).

Growth: In January 2021, the decrease in Instruments and apparatus's year-by-year exports was explained primarily by a decrease in exports to Mexico ($-125M or -17.7%), Germany ($-44.1M or -7.93%), and United Kingdom ($-30.4M or -14.3%). In January 2021, the decrease in Instruments and apparatus's year-by-year imports was explained primarily by a decrease in imports from Germany ($-91.4M or -11.7%), Ireland ($-60.6M or -10.8%), and Singapore ($-38.3M or -12.3%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (January 2020 - January 2021): $-83.4M, (-1.21%)

IMPORT GROWTH (January 2020 - January 2021): $-179M, (-2.45%)

MAIN EXPORTER (January 2021): California, $1.24B

MAIN DESTINATION (January 2021): China, $779M

This section shows Instruments and apparatus'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 Instruments and apparatus over time.

Value

EXPORTS (2019): $102B

IMPORTS (2019): $103B

NET TRADE (2019): -$1.16B

In 2019, United States exported $102B in Instruments and apparatus. The main destinations of United States exports on Instruments and apparatus were China ($12.9B), Japan ($8.41B), Netherlands ($7.87B), Germany ($7.53B), and Canada ($7.39B).

In 2019, United States imported $103B in Instruments and apparatus, mainly from Mexico ($17.7B), Germany ($11.3B), China ($10.6B), Japan ($9.38B), and Ireland ($6.09B).

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IN 2019, United States HAD A POSITIVE NET TRADE IN Instruments and apparatus WITH:

IN 2019, United States HAD A NEGATIVE NET TRADE IN Instruments and apparatus WITH:

Flow

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

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Instruments and apparatus 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 Instruments and apparatus were:

In 2018, United States's main importing competitors in Instruments and apparatus were:

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Tariffs by Country

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In 2018, the average tariff for United States in Instruments and apparatus was 0.53%.

The countries with the highest tariffs for Instruments and apparatus in United States were Equatorial Guinea (1.1%), Libya (1.1%), Mayotte (1.1%), Reunion (1.1%), and Sudan (1.1%).

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