EXPORTS (2018): $114M, World Rnk 9 / 138
Rnk 682 / 1222
TOP DESTINATION (2018): $15.8M, Germany
FASTEST GROWING MARKET (2017 - 2018): $1.79M, Costa Rica
IMPORTS (2018): $868M, World Rnk 1 / 204 Rnk 380 / 1217
TOP ORIGIN (2018): $336M, China
FASTEST GROWING ORIGIN (2017 - 2018): $29.5M, Hungary
ECONOMIC COMPLEXITY of United States (2018): 1.57, Rnk 9 / 137
PRODUCT COMPLEXITY IN Other Office Machines (2018): 0.85, Rnk 224 / 1018
Exports: In 2018, United States exported $114M in Other Office Machines, making it the 9th largest exporter of Other Office Machines in the world. At the same year, Other Office Machines was the 682nd most exported product in United States. The main destination of Other Office Machines exports from United States are: Germany ($15.8M), United Kingdom ($12.9M), Australia ($7.96M), Japan ($5.74M), and Canada ($4.54M).
The fastest growing export markets for Other Office Machines of United States between 2017 and 2018 were Costa Rica ($1.79M), Germany ($1.75M), and India ($1.54M).
Imports: In 2018, United States imported $868M in Other Office Machines, becoming the 1st largest importer of Other Office Machines in the world. At the same year, Other Office Machines was the 380th most imported product in United States. United States imports Other Office Machines primarily from: China ($336M), South Korea ($124M), Hungary ($79.1M), Germany ($75.5M), and Philippines ($60.4M).
The fastest growing import markets in Other Office Machines for United States between 2017 and 2018 were Hungary ($29.5M), South Korea ($28.6M), and Germany ($23.5M).
Tariffs: In 2018, the average tariff for United States in Other Office Machines was 0.1%. The countries with the highest import tariffs for Other Office Machines were Equatorial Guinea (0.22%), Libya (0.22%), Mayotte (0.22%), Reunion (0.22%), and Sudan (0.22%).
Overview: In October 2020 United States' Other Office Machines exports accounted up to $15.6M and imports accounted up to $80.4M, resulting in a negative trade balance of $64.8M. Between October 2019 and October 2020 the exports of United States' Other Office Machines have decreased by $-3.59M (-18.7%) from $19.2M to $15.6M, while imports increased by $5.3M (7.06%) from $75.1M to $80.4M.
Destinations: In October 2020 Other Office Machines exported mostly to Canada ($4.42M), United Kingdom ($1.85M), Germany ($1.42M), France ($1.25M), and Netherlands ($884k), and imported mostly from China ($18M), South Korea ($16.6M), Mexico ($9.46M), Germany ($7.81M), and Vietnam ($6.36M).
Growth: In October 2020, the decrease in Other Office Machines's year-by-year exports was explained primarily by a decrease in exports to Canada ($-5.89M or -57.1%), Mexico ($-677k or -52.2%), and South Korea ($-595k or -92%). In October 2020, the increase in Other Office Machines's year-by-year imports was explained primarily by an increase in imports from Vietnam ($5.38M or 547%), Germany ($4.87M or 165%), and India ($3.52M or 162%).
EXPORT GROWTH (October 2019 - October 2020): $-3.59M, (-18.7%)
IMPORT GROWTH (October 2019 - October 2020): $5.3M, (7.06%)
MAIN EXPORTER (October 2020): Texas, $2.54M
MAIN DESTINATION (October 2020): Canada, $4.42M
This section shows Other Office Machines'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 Office Machines over time.
EXPORTS (2018): $114M
IMPORTS (2018): $868M
NET TRADE (2018): -$754M
In 2018, United States exported $114M in Other Office Machines. The main destinations of United States exports on Other Office Machines were Germany ($15.8M), United Kingdom ($12.9M), Australia ($7.96M), Japan ($5.74M), and Canada ($4.54M).
In 2018, United States imported $868M in Other Office Machines, mainly from China ($336M), South Korea ($124M), Hungary ($79.1M), Germany ($75.5M), and Philippines ($60.4M).
IN 2018, United States HAD A POSITIVE NET TRADE IN Other Office Machines WITH:
IN 2018, United States HAD A NEGATIVE NET TRADE IN Other Office Machines WITH:
THE FASTEST GROWING Other Office Machines EXPORT MARKETS FOR United States WERE (2017 - 2018):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Office Machines BY United States WERE (2017 - 2018):
In 2018, United States's main exporting competitors in Other Office Machines were:
This section shows forecasts for total exports and imports, for Other Office Machines in United States. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.
In 2018, the average tariff for United States in Other Office Machines was 0.1%.
The countries with the highest tariffs for Other Office Machines in United States were Equatorial Guinea (0.22%), Libya (0.22%), Mayotte (0.22%), Reunion (0.22%), and Sudan (0.22%).
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