HS Icon Photo Lab Equipment in  Flag United States

2019
Exports | Imports
: $9.52B | $6.45B, World Rnk 3 / 132
Flag Rnk 27 / 1217 | World Rnk 3 / 205
Flag Rnk 73 / 1215

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $803M | $1.53B, Chinese Taipei |  Japan

2019
ECONOMIC COMPLEXITY of United States
: 1.59, Rnk 9 / 147

2019
PRODUCT COMPLEXITY  IN Photo Lab Equipment
: 2.05, Rnk 6 / 1029

Exports: In 2019, United States exported $9.52B in Photo Lab Equipment, making it the 3rd largest exporter of Photo Lab Equipment in the world. At the same year, Photo Lab Equipment was the 27th most exported product in United States. The main destination of Photo Lab Equipment exports from United States are: China ($2.95B), Chinese Taipei ($2.49B), South Korea ($1.93B), Japan ($961M), and Singapore ($509M).

The fastest growing export markets for Photo Lab Equipment of United States between 2018 and 2019 were Chinese Taipei ($803M), Hong Kong ($15.3M), and Luxembourg ($3.03M).

Imports: In 2019, United States imported $6.45B in Photo Lab Equipment, becoming the 3rd largest importer of Photo Lab Equipment in the world. At the same year, Photo Lab Equipment was the 73rd most imported product in United States. United States imports Photo Lab Equipment primarily from: Japan ($2.77B), Netherlands ($2.04B), Singapore ($731M), China ($202M), and Germany ($121M).

The fastest growing import markets in Photo Lab Equipment for United States between 2018 and 2019 were Japan ($1.53B), Netherlands ($797M), and Singapore ($320M).

Tariffs: In 2018, the average tariff for United States in Photo Lab Equipment was 0.31%. The countries with the highest import tariffs for Photo Lab Equipment were Equatorial Guinea (Most Favoured Nation duty rate treatement, 0.66%), Libya (Most Favoured Nation duty rate treatement, 0.66%), Mayotte (Most Favoured Nation duty rate treatement, 0.66%), Reunion (Most Favoured Nation duty rate treatement, 0.66%), and Sudan (Most Favoured Nation duty rate treatement, 0.66%).

Latest Trends (May 2021)

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Overview: In May 2021 United States' Photo Lab Equipment exports accounted up to $6.65M and imports accounted up to $4.24M, resulting in a positive trade balance of $2.4M. Between May 2020 and May 2021 the exports of United States'   Photo Lab Equipment have increased by $2.79M (72.3%) from $3.86M to $6.65M, while imports increased by $618k (17%) from $3.63M to $4.24M.

Destinations: In May 2021, Photo Lab Equipment were exported mostly to Japan ($2.68M), Canada ($795k), Israel ($551k), United Kingdom ($327k), and Hungary ($277k), and were imported mostly from China ($1.41M), Vietnam ($585k), Canada ($388k), Germany ($299k), and Israel ($289k).

Growth: In May 2021, the increase in Photo Lab Equipment's year-by-year exports was explained primarily by an increase in exports to Japan ($2.17M or 428%), Hungary ($257k or 1.24k%), and Israel ($197k or 55.6%). In May 2021, the increase in Photo Lab Equipment's year-by-year imports was explained primarily by an increase in imports from Vietnam ($335k or 134%), Israel ($285k or 7.4k%), and Canada ($211k or 119%).

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (May 2020 - May 2021): $2.79M, (72.3%)

IMPORT GROWTH (May 2020 - May 2021): $618k, (17%)

MAIN EXPORTER (May 2021): Oregon, $1.75M

MAIN DESTINATION (May 2021): Japan, $2.68M

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

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Value

EXPORTS (2019): $9.52B

IMPORTS (2019): $6.45B

NET TRADE (2019): $3.08B

In 2019, United States exported $9.52B in Photo Lab Equipment. The main destinations of United States exports on Photo Lab Equipment were China ($2.95B), Chinese Taipei ($2.49B), South Korea ($1.93B), Japan ($961M), and Singapore ($509M).

In 2019, United States imported $6.45B in Photo Lab Equipment, mainly from Japan ($2.77B), Netherlands ($2.04B), Singapore ($731M), China ($202M), and Germany ($121M).

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IN 2019, United States HAD A POSITIVE NET TRADE IN Photo Lab Equipment WITH:

IN 2019, United States HAD A NEGATIVE NET TRADE IN Photo Lab Equipment WITH:

Flow

THE FASTEST GROWING Photo Lab Equipment EXPORT MARKETS FOR United States WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Photo Lab Equipment BY United States WERE (2018 - 2019):

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Market Concentration

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Flow
Type

In 2018, United States's main exporting competitors in Photo Lab Equipment were:

In 2018, United States's main importing competitors in Photo Lab Equipment were:

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Tariffs by Country

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In 2018, the average tariff for United States in Photo Lab Equipment was 0.31%.

The countries with the highest tariffs for Photo Lab Equipment in United States were Equatorial Guinea (Most Favoured Nation duty rate treatement, 0.66%), Libya (Most Favoured Nation duty rate treatement, 0.66%), Mayotte (Most Favoured Nation duty rate treatement, 0.66%), Reunion (Most Favoured Nation duty rate treatement, 0.66%), and Sudan (Most Favoured Nation duty rate treatement, 0.66%).