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2022
Exports $536MWorld Rnk 4 / 197
Flag Rnk 374 / 1217
2022
Destination $27.3M Canada
2021 - 2022
FASTEST GROWING MARKET $27.3MCanada
2022
PRODUCT COMPLEXITY IN Pulley Systems0.82Rnk 238 / 1025
2022
Imports $1.67BWorld Rnk 1 / 218
Flag Rnk 288 / 1216
2022
Origin $22.3M China
2021 - 2022
FASTEST GROWING ORIGIN $22.3MCanada
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $536M in Pulley Systems, making it the 4th largest exporter of Pulley Systems in the world. At the same year, Pulley Systems was the 374th most exported product in United States. The main destination of Pulley Systems exports from United States are: Canada ($202M), Mexico ($59M), United Kingdom ($25.7M), France ($19.2M), and Australia ($17.4M).

The fastest growing export markets for Pulley Systems of United States between 2021 and 2022 were Canada ($27.3M), Mexico ($8.71M), and Brazil ($6.39M).

Imports In 2022, United States imported $1.67B in Pulley Systems, becoming the 1st largest importer of Pulley Systems in the world. At the same year, Pulley Systems was the 288th most imported product in United States. United States imports Pulley Systems primarily from: China ($922M), Canada ($201M), Germany ($71.2M), Mexico ($62.3M), and Japan ($60.4M).

The fastest growing import markets in Pulley Systems for United States between 2021 and 2022 were Canada ($22.3M), Netherlands ($13.7M), and Chinese Taipei ($10.5M).

COMPANIES In 2023, leading companies such as Schindler Elevators (595), LG Electronics (384), and Danfoss (194) were at the forefront of shipping Pulley Systems to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Pulley Systems exports accounted up to $60.6M and imports accounted up to $135M, resulting in a negative trade balance of $74.4M. Between August 2023 and August 2024 the exports of United States'   Pulley Systems have increased by $4.68M (8.37%) from $55.9M to $60.6M, while imports increased by $4.45M (3.41%) from $131M to $135M.

Destinations In August 2024, Pulley Systems were exported mostly to Canada ($23.6M), Mexico ($7.57M), Germany ($2.79M), Saudi Arabia ($2.57M), and Italy ($2.46M), and were imported mostly from China ($60.8M), Canada ($16.9M), Mexico ($9.53M), Germany ($7.82M), and Japan ($4.47M).

Growth In August 2024, the increase in Pulley Systems's year-by-year exports was explained primarily by an increase in exports to Canada ($4.4M or 34.1%), Kuwait ($2.11M or 2.21k%), and Mexico ($1.49M or 35.3%). In August 2024, the increase in Pulley Systems's year-by-year imports was explained primarily by an increase in imports from Germany ($4.08M or 83.8%), United Kingdom ($1.05M or 97.6%), and India ($922k or 38.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$4.68M(8.37%)
IMPORT GROWTH (August 2023 - August 2024)$4.45M(3.41%)
MAIN EXPORTER (August 2024)Texas$10.3M
MAIN DESTINATION (August 2024)Canada$23.6M

This section shows Pulley Systems'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 Pulley Systems over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$536M
IMPORTS (2022)$1.67B
NET TRADE (2022)-$1.13B

In 2022, United States exported $536M in Pulley Systems. The main destinations of United States exports on Pulley Systems were Canada ($202M), Mexico ($59M), United Kingdom ($25.7M), France ($19.2M), and Australia ($17.4M).

In 2022, United States imported $1.67B in Pulley Systems, mainly from China ($922M), Canada ($201M), Germany ($71.2M), Mexico ($62.3M), and Japan ($60.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pulley Systems EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$27.3M (15.6%)
Mexico$8.71M (17.3%)
Brazil$6.39M (95.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pulley Systems BY United States WERE (2021 - 2022):
France-$22.3M (-53.8%)
United Arab Emirates-$9.88M (-56.4%)
Nigeria-$1.85M (-87.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Pulley Systems were:
China $2.92B
Germany $815M
Italy $566M
In 2022, United States's main importing competitors in Pulley Systems were:
Germany $518M
Canada $442M

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Trade Value of Pulley Systems by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $7.9M
TOP IMPORT POTENTIALCanada+ $38.5M

Pulley Systems’s highest export potential is China. With an export gap of $7.9M.   Pulley Systems’s highest import potential is Canada with an import gap of $38.5M.

See methodology.

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