Photo Lab Equipment in United States 2020 Exports | Imports : $12.4B | $3.83B, World Rnk 1 / 121 Rnk 20 / 1217 | World Rnk 4 / 203 Rnk 112 / 1214
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $1.36B | $147M, South Korea | China
2020 ECONOMIC COMPLEXITY of United States: 1.56, Rnk 9 / 127
2020 PRODUCT COMPLEXITY IN Photo Lab Equipment: 2.15, Rnk 3 / 1029
Exports In 2020, United States exported $12.4B in Photo Lab Equipment, making it the 1st largest exporter of Photo Lab Equipment in the world. At the same year, Photo Lab Equipment was the 20th most exported product in United States. The main destination of Photo Lab Equipment exports from United States are: China ($4B), South Korea ($3.28B), Chinese Taipei ($2.25B), Japan ($1.35B), and Singapore ($633M).
The fastest growing export markets for Photo Lab Equipment of United States between 2019 and 2020 were South Korea ($1.36B), China ($1.05B), and Japan ($386M).
Imports In 2020, United States imported $3.83B 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 112th most imported product in United States. United States imports Photo Lab Equipment primarily from: Japan ($1.54B), Netherlands ($795M), Singapore ($533M), China ($260M), and Chinese Taipei ($151M).
The fastest growing import markets in Photo Lab Equipment for United States between 2019 and 2020 were China ($147M), Chinese Taipei ($90.9M), and Malaysia ($59.4M).
Tariffs In 2018, the average tariff for United States in Photo Lab Equipment was 0.5%. 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%).
November 2022
Overview In November 2022 United States' Photo Lab Equipment exports accounted up to $4.84M and imports accounted up to $5.09M, resulting in a negative trade balance of $250k. Between November 2021 and November 2022 the exports of United States' Photo Lab Equipment have increased by $984k (25.5%) from $3.86M to $4.84M, while imports decreased by $-3.15M (-38.3%) from $8.24M to $5.09M.
Destinations In November 2022, Photo Lab Equipment were exported mostly to Canada ($1.16M), China ($563k), Japan ($519k), Germany ($385k), and Mexico ($300k), and were imported mostly from Canada ($1.38M), China ($933k), Germany ($730k), France ($395k), and Taiwan ($307k).
Growth In November 2022, the increase in Photo Lab Equipment's year-by-year exports was explained primarily by an increase in exports to Canada ($351k or 41.6%), Ireland ($173k or 6.3k%), and Japan ($173k or 69.6%). In November 2022, the decrease in Photo Lab Equipment's year-by-year imports was explained primarily by a decrease in imports from Israel ($-743k or -91%), Canada ($-362k or -59.4%), and Japan ($-222k or -62.3%).
EXPORT GROWTH (November 2021 - November 2022): $984k, (25.5%)
IMPORT GROWTH (November 2021 - November 2022): $-3.15M, (-38.3%)
MAIN EXPORTER (November 2022): Florida, $1.21M
MAIN DESTINATION (November 2022): Canada, $1.16M
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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EXPORTS (2020): $12.4B
IMPORTS (2020): $3.83B
NET TRADE (2020): $8.53B
In 2020, United States exported $12.4B in Photo Lab Equipment. The main destinations of United States exports on Photo Lab Equipment were China ($4B), South Korea ($3.28B), Chinese Taipei ($2.25B), Japan ($1.35B), and Singapore ($633M).
In 2020, United States imported $3.83B in Photo Lab Equipment, mainly from Japan ($1.54B), Netherlands ($795M), Singapore ($533M), China ($260M), and Chinese Taipei ($151M).
THE FASTEST GROWING Photo Lab Equipment EXPORT MARKETS FOR United States WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Photo Lab Equipment BY United States WERE (2019 - 2020):
In 2020, United States's main exporting competitors in Photo Lab Equipment were:
In 2020, United States's main importing competitors in Photo Lab Equipment were:
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