2022
Exports
$435MWorld Rnk 1 / 187
Flag Rnk 420 / 1217
2022
PRODUCT COMPLEXITY IN Opto-Electric Instrument Parts
1.05Rnk 150 / 1025
2022
Imports
$380MWorld Rnk 1 / 220
Flag Rnk 620 / 1216
2022
ECONOMIC COMPLEXITY of United States
1.47Rnk 10 / 133

About

Exports In 2022, United States exported $435M in Opto-Electric Instrument Parts, making it the 1st largest exporter of Opto-Electric Instrument Parts in the world. At the same year, Opto-Electric Instrument Parts was the 420th most exported product in United States. The main destination of Opto-Electric Instrument Parts exports from United States are: Kuwait ($63.5M), Greece ($42.2M), Germany ($38.5M), Mexico ($31.6M), and Canada ($17.4M).

The fastest growing export markets for Opto-Electric Instrument Parts of United States between 2021 and 2022 were Kuwait ($61.2M), Germany ($13.7M), and Mexico ($13.7M).

Imports In 2022, United States imported $380M in Opto-Electric Instrument Parts, becoming the 1st largest importer of Opto-Electric Instrument Parts in the world. At the same year, Opto-Electric Instrument Parts was the 620th most imported product in United States. United States imports Opto-Electric Instrument Parts primarily from: Germany ($72.4M), China ($55.1M), Canada ($39M), India ($27.3M), and Costa Rica ($25.9M).

The fastest growing import markets in Opto-Electric Instrument Parts for United States between 2021 and 2022 were Germany ($19.1M), China ($18.8M), and India ($9.77M).

COMPANIES In 2023, leading companies such as LG Electronics (247), Amazon (23), and Volkswagen (14) were at the forefront of shipping Opto-Electric Instrument Parts to the United States.

Latest Trends

September 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-17.3M(-28%)
IMPORT GROWTH (September 2023 - September 2024)$-9.32M(-39.6%)
MAIN EXPORTER (September 2024)Pennsylvania$34.8M
MAIN DESTINATION (September 2024)Greece$10.1M

This section shows Opto-Electric 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 Opto-Electric Instrument Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$435M
IMPORTS (2022)$380M
NET TRADE (2022)$55.6M

In 2022, United States exported $435M in Opto-Electric Instrument Parts. The main destinations of United States exports on Opto-Electric Instrument Parts were Kuwait ($63.5M), Greece ($42.2M), Germany ($38.5M), Mexico ($31.6M), and Canada ($17.4M).

In 2022, United States imported $380M in Opto-Electric Instrument Parts, mainly from Germany ($72.4M), China ($55.1M), Canada ($39M), India ($27.3M), and Costa Rica ($25.9M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Opto-Electric Instrument Parts EXPORT MARKETS FOR United States WERE (2021 - 2022):
Kuwait$61.2M (2.73k%)
Germany$13.7M (55.4%)
Mexico$13.7M (76.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Opto-Electric Instrument Parts BY United States WERE (2021 - 2022):
Singapore-$6.53M (-41.9%)
Romania-$5M (-64.7%)
China-$2.59M (-29%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Opto-Electric Instrument Parts were:
In 2022, United States's main importing competitors in Opto-Electric Instrument Parts were:

Explore Visualizations

Trade Value of Opto-Electric Instrument Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $5.95M
TOP IMPORT POTENTIALCanada+ $8.9M

Opto-Electric Instrument Parts’s highest export potential is Canada. With an export gap of $5.95M.   Opto-Electric Instrument Parts’s highest import potential is Canada with an import gap of $8.9M.

See methodology.

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