Pliers, pincers, tweezers and similar tools in United States | The Observatory of Economic Complexity

About

Exports In 2022, United States exported $141M in Pliers, pincers, tweezers and similar tools, making it the 4th largest exporter of Pliers, pincers, tweezers and similar tools in the world. At the same year, Pliers, pincers, tweezers and similar tools was the 1236th most exported product in United States. The main destination of Pliers, pincers, tweezers and similar tools exports from United States are: Canada ($43M), Mexico ($18.2M), Germany ($11M), United Kingdom ($9.64M), and Costa Rica ($7.52M).

The fastest growing export markets for Pliers, pincers, tweezers and similar tools of United States between 2021 and 2022 were Canada ($4.77M), Mexico ($3.2M), and Australia ($1.88M).

Imports In 2022, United States imported $406M in Pliers, pincers, tweezers and similar tools, becoming the 1st largest importer of Pliers, pincers, tweezers and similar tools in the world. At the same year, Pliers, pincers, tweezers and similar tools was the 1007th most imported product in United States. United States imports Pliers, pincers, tweezers and similar tools primarily from: China ($202M), Chinese Taipei ($57.3M), Germany ($45.5M), Vietnam ($25.2M), and Mexico ($16.5M).

The fastest growing import markets in Pliers, pincers, tweezers and similar tools for United States between 2021 and 2022 were Vietnam ($11.3M), Germany ($10.9M), and Mexico ($10.8M).

COMPANIES In 2023, leading companies such as IKEA Group (135k), CrimsonLogic (98.6k), and Dole Fresh Fruit (62.1k) were at the forefront of shipping Pliers, pincers, tweezers and similar tools to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Pliers, pincers, tweezers and similar tools exports accounted up to $11.8M and imports accounted up to $26M, resulting in a negative trade balance of $14.2M. Between June 2023 and June 2024 the exports of United States' Pliers, pincers, tweezers and similar tools have decreased by $-1.61M (-12%) from $13.4M to $11.8M, while imports increased by $746k (2.96%) from $25.2M to $26M.

Destinations In June 2024, Pliers, pincers, tweezers and similar tools were exported mostly to Canada ($4.81M), Mexico ($1.58M), United Kingdom ($876k), Costa Rica ($519k), and South Korea ($468k), and were imported mostly from China ($8.74M), Vietnam ($5.95M), Chinese Taipei ($4.9M), Germany ($1.78M), and Mexico ($1.01M).

Growth In June 2024, the decrease in Pliers, pincers, tweezers and similar tools's year-by-year exports was explained primarily by a decrease in exports to Costa Rica ($-1.08M or -67.3%), France ($-215k or -59.6%), and Netherlands ($-160k or -88.5%). In June 2024, the increase in Pliers, pincers, tweezers and similar tools's year-by-year imports was explained primarily by an increase in imports from Chinese Taipei ($1.04M or 24.2%), Mexico ($425k or 100%), and Italy ($268k or 176%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)$-1.61M(-12%)

IMPORT GROWTH (June 2023 - June 2024)$746k(2.96%)

MAIN DESTINATION (June 2024)Canada$4.81M

This section shows Pliers, pincers, tweezers and similar tools'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 Pliers, pincers, tweezers and similar tools over time.

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