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2022
Exports $7.13BWorld Rnk 2 / 221
Flag Rnk 44 / 1217
2022
Destination $230M China
2021 - 2022
FASTEST GROWING MARKET $230MChina
2022
PRODUCT COMPLEXITY IN Other Measuring Instruments1.54Rnk 44 / 1025
2022
Imports $6.69BWorld Rnk 2 / 226
Flag Rnk 96 / 1216
2022
Origin $95.7M Germany
2021 - 2022
FASTEST GROWING ORIGIN $95.7MSingapore
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $7.13B in Other Measuring Instruments, making it the 2nd largest exporter of Other Measuring Instruments in the world. At the same year, Other Measuring Instruments was the 44th most exported product in United States. The main destination of Other Measuring Instruments exports from United States are: China ($932M), South Korea ($769M), Mexico ($722M), Chinese Taipei ($709M), and Japan ($598M).

The fastest growing export markets for Other Measuring Instruments of United States between 2021 and 2022 were China ($230M), Japan ($208M), and South Korea ($185M).

Imports In 2022, United States imported $6.69B in Other Measuring Instruments, becoming the 2nd largest importer of Other Measuring Instruments in the world. At the same year, Other Measuring Instruments was the 96th most imported product in United States. United States imports Other Measuring Instruments primarily from: Germany ($1.19B), Japan ($889M), China ($699M), Canada ($569M), and Mexico ($474M).

The fastest growing import markets in Other Measuring Instruments for United States between 2021 and 2022 were Singapore ($95.7M), Israel ($64.3M), and China ($61.9M).

COMPANIES In 2023, leading companies such as Robert Bosch (327), ZF Friedrichshafen (228), and Home Depot (55) were at the forefront of shipping Other Measuring Instruments to the United States.

Latest Trends

July 2024

About

Overview In July 2024 United States' Other Measuring Instruments exports accounted up to $643M and imports accounted up to $637M, resulting in a positive trade balance of $5.76M. Between July 2023 and July 2024 the exports of United States'   Other Measuring Instruments have increased by $160M (33.1%) from $483M to $643M, while imports increased by $85M (15.4%) from $552M to $637M.

Destinations In July 2024, Other Measuring Instruments were exported mostly to China ($182M), Mexico ($62.2M), South Korea ($49.6M), Canada ($47.8M), and Japan ($43M), and were imported mostly from Germany ($105M), Japan ($61.1M), Mexico ($57.1M), Canada ($48.5M), and Israel ($46.3M).

Growth In July 2024, the increase in Other Measuring Instruments's year-by-year exports was explained primarily by an increase in exports to Chinese Taipei ($25.5M or 55.3%), South Korea ($18.4M or 107%), and Mexico ($13.7M or 25.1%). In July 2024, the increase in Other Measuring Instruments's year-by-year imports was explained primarily by an increase in imports from Singapore ($10.1M or 75.2%), Israel ($7.69M or 26%), and Malaysia ($7.17M or 104%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$160M(33.1%)
IMPORT GROWTH (July 2023 - July 2024)$85M(15.4%)
MAIN EXPORTER (July 2024)California$322M
MAIN DESTINATION (July 2024)China$182M

This section shows Other Measuring Instruments'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 Measuring Instruments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$7.13B
IMPORTS (2022)$6.69B
NET TRADE (2022)$440M

In 2022, United States exported $7.13B in Other Measuring Instruments. The main destinations of United States exports on Other Measuring Instruments were China ($932M), South Korea ($769M), Mexico ($722M), Chinese Taipei ($709M), and Japan ($598M).

In 2022, United States imported $6.69B in Other Measuring Instruments, mainly from Germany ($1.19B), Japan ($889M), China ($699M), Canada ($569M), and Mexico ($474M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Measuring Instruments EXPORT MARKETS FOR United States WERE (2021 - 2022):
China$230M (32.7%)
Japan$208M (53.2%)
South Korea$185M (31.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Measuring Instruments BY United States WERE (2021 - 2022):
Costa Rica-$42M (-74.9%)
Russia-$19.1M (-76.6%)
Hong Kong-$10.5M (-10.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Other Measuring Instruments were:
Germany $8.71B
China $6.9B
In 2022, United States's main importing competitors in Other Measuring Instruments were:
China $10.8B
Germany $3.73B

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Trade Value of Other Measuring Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $194M
TOP IMPORT POTENTIALChina+ $202M

Other Measuring Instruments’s highest export potential is China. With an export gap of $194M.   Other Measuring Instruments’s highest import potential is China with an import gap of $202M.

See methodology.

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