Other Heating Machinery in United States 2020 Exports | Imports : $3.46B | $5.54B, World Rnk 5 / 199 Rnk 78 / 1217 | World Rnk 1 / 224 Rnk 85 / 1214
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $51.2M | $168M, Russia | Italy
2020 ECONOMIC COMPLEXITY of United States: 1.56, Rnk 9 / 127
2020 PRODUCT COMPLEXITY IN Other Heating Machinery: 1.16, Rnk 127 / 1029
Exports In 2020, United States exported $3.46B in Other Heating Machinery, making it the 5th largest exporter of Other Heating Machinery in the world. At the same year, Other Heating Machinery was the 78th most exported product in United States. The main destination of Other Heating Machinery exports from United States are: Canada ($874M), Mexico ($373M), China ($231M), Germany ($170M), and United Kingdom ($131M).
The fastest growing export markets for Other Heating Machinery of United States between 2019 and 2020 were Russia ($51.2M), Nigeria ($37.5M), and Chinese Taipei ($9.02M).
Imports In 2020, United States imported $5.54B in Other Heating Machinery, becoming the 1st largest importer of Other Heating Machinery in the world. At the same year, Other Heating Machinery was the 85th most imported product in United States. United States imports Other Heating Machinery primarily from: Mexico ($1.04B), China ($647M), Germany ($618M), Canada ($576M), and Italy ($462M).
The fastest growing import markets in Other Heating Machinery for United States between 2019 and 2020 were Italy ($168M), South Korea ($28.7M), and Hungary ($9.87M).
Tariffs In 2019, the average tariff for United States in Other Heating Machinery was 0.51%. The countries with the highest import tariffs for Other Heating Machinery were Burundi (Most Favoured Nation duty rate treatement, 0.72%), Democratic Republic of the Congo (Most Favoured Nation duty rate treatement, 0.72%), Algeria (Most Favoured Nation duty rate treatement, 0.72%), Egypt (Most Favoured Nation duty rate treatement, 0.72%), and Eritrea (Most Favoured Nation duty rate treatement, 0.72%).
December 2022
Overview In December 2022 United States' Other Heating Machinery exports accounted up to $387M and imports accounted up to $673M, resulting in a negative trade balance of $287M. Between December 2021 and December 2022 the exports of United States' Other Heating Machinery have increased by $50M (14.8%) from $337M to $387M, while imports increased by $129M (23.8%) from $544M to $673M.
Destinations In December 2022, Other Heating Machinery were exported mostly to Canada ($95.5M), Mexico ($49.8M), China ($31.4M), Germany ($22.4M), and United Kingdom ($11.6M), and were imported mostly from Canada ($103M), Mexico ($96M), China ($73.5M), Japan ($71.3M), and Germany ($68.9M).
Growth In December 2022, the increase in Other Heating Machinery's year-by-year exports was explained primarily by an increase in exports to Canada ($21.8M or 29.5%), China ($13.3M or 61.4%), and Nigeria ($10.5M or 17.7k%). In December 2022, the increase in Other Heating Machinery's year-by-year imports was explained primarily by an increase in imports from South Korea ($27.8M or 112%), Germany ($14.6M or 34.2%), and China ($13.8M or 22.2%).
EXPORT GROWTH (December 2021 - December 2022): $50M, (14.8%)
IMPORT GROWTH (December 2021 - December 2022): $129M, (23.8%)
MAIN EXPORTER (December 2022): California, $42.5M
MAIN DESTINATION (December 2022): Canada, $95.5M
This section shows Other Heating 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 Heating Machinery over time.
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EXPORTS (2020): $3.46B
IMPORTS (2020): $5.54B
NET TRADE (2020): -$2.08B
In 2020, United States exported $3.46B in Other Heating Machinery. The main destinations of United States exports on Other Heating Machinery were Canada ($874M), Mexico ($373M), China ($231M), Germany ($170M), and United Kingdom ($131M).
In 2020, United States imported $5.54B in Other Heating Machinery, mainly from Mexico ($1.04B), China ($647M), Germany ($618M), Canada ($576M), and Italy ($462M).
THE FASTEST GROWING Other Heating Machinery EXPORT MARKETS FOR United States WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Heating Machinery BY United States WERE (2019 - 2020):
In 2020, United States's main exporting competitors in Other Heating Machinery were:
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