2023
Exports
$5.26BWorld Rnk 2 / 217
Flag Rnk 63 / 1217
2023
PRODUCT COMPLEXITY IN Other Electrical Machinery
1.46Rnk 52 / 1025
2023
Imports
$17.6BWorld Rnk 1 / 225
Flag Rnk 26 / 1215
2023
ECONOMIC COMPLEXITY of United States
1.5Rnk 10 / 132

About

Exports In 2023, United States exported $5.26B in Other Electrical Machinery, making it the 2nd largest exporter of Other Electrical Machinery in the world. At the same year, Other Electrical Machinery was the 63rd most exported product in United States. The main destination of Other Electrical Machinery exports from United States are: Mexico ($983M), Canada ($525M), China ($521M), Japan ($382M), and Germany ($364M).

The fastest growing export markets for Other Electrical Machinery of United States between 2022 and 2023 were Mexico ($190M), Canada ($96.7M), and United Kingdom ($96.5M).

Imports In 2023, United States imported $17.6B in Other Electrical Machinery, becoming the 1st largest importer of Other Electrical Machinery in the world. At the same year, Other Electrical Machinery was the 26th most imported product in United States. United States imports Other Electrical Machinery primarily from: Mexico ($4.11B), China ($3.87B), Malaysia ($1.55B), Indonesia ($1.23B), and Japan ($915M).

The fastest growing import markets in Other Electrical Machinery for United States between 2022 and 2023 were Mexico ($957M), Vietnam ($235M), and Sweden ($81M).

COMPANIES In 2023, leading companies such as BSH Home Appliances (261), Panasonic (195), and YAMAHA CORPORATION OF AMERICA (95) were at the forefront of shipping Other Electrical Machinery to the United States.

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$53.6M(10.9%)
IMPORT GROWTH (November 2023 - November 2024)$367M(31.2%)
MAIN EXPORTER (November 2024)Texas$146M
MAIN DESTINATION (November 2024)Mexico$194M

This section shows Other Electrical Machinery'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 Other Electrical Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$5.26B
IMPORTS (2023)$17.6B
NET TRADE (2023)-$12.3B

In 2023, United States exported $5.26B in Other Electrical Machinery. The main destinations of United States exports on Other Electrical Machinery were Mexico ($983M), Canada ($525M), China ($521M), Japan ($382M), and Germany ($364M).

In 2023, United States imported $17.6B in Other Electrical Machinery, mainly from Mexico ($4.11B), China ($3.87B), Malaysia ($1.55B), Indonesia ($1.23B), and Japan ($915M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Electrical Machinery EXPORT MARKETS FOR United States WERE (2022 - 2023):
Mexico$190M (23.9%)
Canada$96.7M (22.6%)
United Kingdom$96.5M (46.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Electrical Machinery BY United States WERE (2022 - 2023):
South Korea-$127M (-40.2%)
Japan-$42.5M (-10%)
China-$37.4M (-6.69%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Other Electrical Machinery were:
China $20.3B
Germany $4.99B
In 2023, United States's main importing competitors in Other Electrical Machinery were:
Germany $4.08B
China $3.85B

Explore Visualizations

Trade Value of Other Electrical Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $108M
TOP IMPORT POTENTIALChina+ $470M

Other Electrical Machinery’s highest export potential is China. With an export gap of $108M.   Other Electrical Machinery’s highest import potential is China with an import gap of $470M.

See methodology.

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