Other Electrical Machinery in United States 2020 Exports | Imports : $4.27B | $11.4B, World Rnk 2 / 210 Rnk 63 / 1217 | World Rnk 1 / 223 Rnk 35 / 1214
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $118M | $342M, China | China
2020 ECONOMIC COMPLEXITY of United States: 1.56, Rnk 9 / 127
2020 PRODUCT COMPLEXITY IN Other Electrical Machinery: 1.35, Rnk 89 / 1029
Exports In 2020, United States exported $4.27B 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 ($825M), Canada ($525M), China ($382M), Japan ($363M), and South Korea ($199M).
The fastest growing export markets for Other Electrical Machinery of United States between 2019 and 2020 were China ($118M), Japan ($73M), and Chinese Taipei ($37.4M).
Imports In 2020, United States imported $11.4B 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 35th most imported product in United States. United States imports Other Electrical Machinery primarily from: China ($5.58B), Mexico ($1.8B), Chinese Taipei ($545M), Canada ($465M), and Germany ($447M).
The fastest growing import markets in Other Electrical Machinery for United States between 2019 and 2020 were China ($342M), Vietnam ($145M), and Thailand ($107M).
Tariffs In 2018, the average tariff for United States in Other Electrical Machinery was 0.73%. The countries with the highest import tariffs for Other Electrical Machinery were Equatorial Guinea (Most Favoured Nation duty rate treatement, 1.04%), Libya (Most Favoured Nation duty rate treatement, 1.04%), Mayotte (Most Favoured Nation duty rate treatement, 1.04%), Reunion (Most Favoured Nation duty rate treatement, 1.04%), and Sudan (Most Favoured Nation duty rate treatement, 1.04%).
November 2022
Overview In November 2022 United States' Other Electrical Machinery exports accounted up to $397M and imports accounted up to $1.38B, resulting in a negative trade balance of $980M. Between November 2021 and November 2022 the exports of United States' Other Electrical Machinery have increased by $47.6M (13.6%) from $349M to $397M, while imports increased by $113M (8.93%) from $1.26B to $1.38B.
Destinations In November 2022, Other Electrical Machinery were exported mostly to Mexico ($81.5M), Canada ($61.6M), China ($24.1M), South Korea ($22.3M), and Japan ($19.9M), and were imported mostly from Mexico ($286M), Malaysia ($206M), China ($191M), Indonesia ($129M), and Japan ($109M).
Growth In November 2022, the increase in Other Electrical Machinery's year-by-year exports was explained primarily by an increase in exports to China ($7.72M or 49.7%), South Korea ($2.76M or 26.7%), and Saudi Arabia ($2M or 142%). In November 2022, the increase in Other Electrical Machinery's year-by-year imports was explained primarily by an increase in imports from Taiwan ($22.7M or 49%), Malaysia ($12.4M or 43.2%), and Vietnam ($10.2M or 71.3%).
EXPORT GROWTH (November 2021 - November 2022): $47.6M, (13.6%)
IMPORT GROWTH (November 2021 - November 2022): $113M, (8.93%)
MAIN EXPORTER (November 2022): Texas, $86.9M
MAIN DESTINATION (November 2022): Mexico, $81.5M
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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EXPORTS (2020): $4.27B
IMPORTS (2020): $11.4B
NET TRADE (2020): -$7.1B
In 2020, United States exported $4.27B in Other Electrical Machinery. The main destinations of United States exports on Other Electrical Machinery were Mexico ($825M), Canada ($525M), China ($382M), Japan ($363M), and South Korea ($199M).
In 2020, United States imported $11.4B in Other Electrical Machinery, mainly from China ($5.58B), Mexico ($1.8B), Chinese Taipei ($545M), Canada ($465M), and Germany ($447M).
THE FASTEST GROWING Other Electrical Machinery EXPORT MARKETS FOR United States WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Electrical Machinery BY United States WERE (2019 - 2020):
In 2020, United States's main exporting competitors in Other Electrical Machinery were:
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