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2022
Exports $774MWorld Rnk 5 / 134
Flag Rnk 300 / 1217
2022
Destination $1.43M Chinese Taipei
2021 - 2022
FASTEST GROWING MARKET $1.43MPeru
2022
PRODUCT COMPLEXITY IN Photo Lab Equipment2.12Rnk 3 / 1025
2022
Imports $225MWorld Rnk 4 / 203
Flag Rnk 733 / 1216
2022
Origin $2.67M Chinese Taipei
2021 - 2022
FASTEST GROWING ORIGIN $2.67MVietnam
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $774M in Photo Lab Equipment, making it the 5th largest exporter of Photo Lab Equipment in the world. At the same year, Photo Lab Equipment was the 300th most exported product in United States. The main destination of Photo Lab Equipment exports from United States are: Chinese Taipei ($722M), Canada ($11.2M), Japan ($5.78M), China ($3.5M), and Germany ($2.8M).

The fastest growing export markets for Photo Lab Equipment of United States between 2021 and 2022 were Peru ($1.43M), Chile ($859k), and Argentina ($827k).

Imports In 2022, United States imported $225M in Photo Lab Equipment, becoming the 4th largest importer of Photo Lab Equipment in the world. At the same year, Photo Lab Equipment was the 733rd most imported product in United States. United States imports Photo Lab Equipment primarily from: Chinese Taipei ($147M), China ($26.3M), Canada ($9M), Vietnam ($8.88M), and Germany ($7.64M).

The fastest growing import markets in Photo Lab Equipment for United States between 2021 and 2022 were Vietnam ($2.67M), Norway ($387k), and Sri Lanka ($164k).

COMPANIES In 2023, leading companies such as Jushi Fiberglass (199), CNH Industrial (116), and Home Dynamix (25) were at the forefront of shipping Photo Lab Equipment to the United States.

Latest Trends

April 2024

About

Overview In April 2024 United States' Photo Lab Equipment exports accounted up to $4.91M and imports accounted up to $5.68M, resulting in a negative trade balance of $769k. Between April 2023 and April 2024 the exports of United States'   Photo Lab Equipment have increased by $1.11M (29.2%) from $3.8M to $4.91M, while imports increased by $748k (15.2%) from $4.93M to $5.68M.

Destinations In April 2024, Photo Lab Equipment were exported mostly to Canada ($1.3M), China ($924k), Japan ($630k), Mexico ($221k), and Germany ($191k), and were imported mostly from Germany ($1.9M), China ($1.32M), Austria ($792k), Canada ($769k), and United Kingdom ($232k).

Growth In April 2024, the increase in Photo Lab Equipment's year-by-year exports was explained primarily by an increase in exports to Denmark ($550k or 8.64k%), Mexico ($365k or 182%), and Canada ($233k or 29.2%). In April 2024, the increase in Photo Lab Equipment's year-by-year imports was explained primarily by an increase in imports from Japan ($713k or 1.2k%), Austria ($183k or 104%), and Canada ($148k or 26.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (April 2023 - April 2024)$1.11M(29.2%)
IMPORT GROWTH (April 2023 - April 2024)$748k(15.2%)
MAIN EXPORTER (April 2024)California$1.6M
MAIN DESTINATION (April 2024)Canada$1.3M

This section shows Photo Lab Equipment'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 Photo Lab Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$774M
IMPORTS (2022)$225M
NET TRADE (2022)$549M

In 2022, United States exported $774M in Photo Lab Equipment. The main destinations of United States exports on Photo Lab Equipment were Chinese Taipei ($722M), Canada ($11.2M), Japan ($5.78M), China ($3.5M), and Germany ($2.8M).

In 2022, United States imported $225M in Photo Lab Equipment, mainly from Chinese Taipei ($147M), China ($26.3M), Canada ($9M), Vietnam ($8.88M), and Germany ($7.64M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Photo Lab Equipment EXPORT MARKETS FOR United States WERE (2021 - 2022):
Peru$1.43M (891%)
Chile$859k (328%)
Argentina$827k (2.04k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Photo Lab Equipment BY United States WERE (2021 - 2022):
China-$5.4B (-99.9%)
South Korea-$4.8B (-100%)
Chinese Taipei-$2.27B (-75.9%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Photo Lab Equipment were:
Netherlands $7.53B
Singapore $2.56B
Chinese Taipei $2.26B
In 2022, United States's main importing competitors in Photo Lab Equipment were:
Chinese Taipei $14.6B
China $819M
Singapore $559M

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Trade Value of Photo Lab Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.1M
TOP IMPORT POTENTIALJapan+ $2.15M

Photo Lab Equipment’s highest export potential is China. With an export gap of $2.1M.   Photo Lab Equipment’s highest import potential is Japan with an import gap of $2.15M.

See methodology.

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