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2023
Exports $542MWorld Rnk 3 / 197
Flag Rnk 343 / 1217
2023
Destination $10M Canada
2022 - 2023
FASTEST GROWING MARKET $10MMexico
2023
PRODUCT COMPLEXITY IN Pulley Systems0.87Rnk 222 / 1025
2023
Imports $1.52BWorld Rnk 1 / 223
Flag Rnk 286 / 1215
2023
Origin $28.1M China
2022 - 2023
FASTEST GROWING ORIGIN $28.1MGermany
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $542M in Pulley Systems, making it the 3rd largest exporter of Pulley Systems in the world. At the same year, Pulley Systems was the 343rd most exported product in United States. The main destination of Pulley Systems exports from United States are: Canada ($162M), Mexico ($51.1M), France ($33.5M), Australia ($27.7M), and United Kingdom ($25.7M).

The fastest growing export markets for Pulley Systems of United States between 2022 and 2023 were Mexico ($10M), Canada ($7.39M), and Australia ($6.19M).

Imports In 2023, United States imported $1.52B in Pulley Systems, becoming the 1st largest importer of Pulley Systems in the world. At the same year, Pulley Systems was the 286th most imported product in United States. United States imports Pulley Systems primarily from: China ($739M), Canada ($191M), Germany ($100M), Mexico ($82.6M), and Japan ($59.3M).

The fastest growing import markets in Pulley Systems for United States between 2022 and 2023 were Germany ($28.1M), United Kingdom ($24.9M), and Italy ($7.97M).

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

November 2024

About

Overview In November 2024 United States' Pulley Systems exports accounted up to $47.4M and imports accounted up to $121M, resulting in a negative trade balance of $73.2M. Between November 2023 and November 2024 the exports of United States'   Pulley Systems have decreased by $-5.87M (-11%) from $53.3M to $47.4M, while imports increased by $10.5M (9.53%) from $110M to $121M.

Destinations In November 2024, Pulley Systems were exported mostly to Canada ($19.7M), Mexico ($5.75M), Japan ($3.11M), Saudi Arabia ($2.6M), and Australia ($1.52M), and were imported mostly from China ($52.5M), Canada ($12.2M), Germany ($10.9M), Mexico ($8.71M), and Japan ($4.21M).

Growth In November 2024, the decrease in Pulley Systems's year-by-year exports was explained primarily by a decrease in exports to Brazil ($-1.87M or -53.2%), United Kingdom ($-1.45M or -60.7%), and China ($-880k or -64.1%). In November 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 (November 2023 - November 2024)$-5.87M(-11%)
IMPORT GROWTH (November 2023 - November 2024)$10.5M(9.53%)
MAIN EXPORTER (November 2024)Texas$10.3M
MAIN DESTINATION (November 2024)Canada$19.7M

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 (2023)$542M
IMPORTS (2023)$1.52B
NET TRADE (2023)-$975M

In 2023, United States exported $542M in Pulley Systems. The main destinations of United States exports on Pulley Systems were Canada ($162M), Mexico ($51.1M), France ($33.5M), Australia ($27.7M), and United Kingdom ($25.7M).

In 2023, United States imported $1.52B in Pulley Systems, mainly from China ($739M), Canada ($191M), Germany ($100M), Mexico ($82.6M), and Japan ($59.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Pulley Systems EXPORT MARKETS FOR United States WERE (2022 - 2023):
Mexico$10M (24.4%)
Canada$7.39M (4.77%)
Australia$6.19M (28.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pulley Systems BY United States WERE (2022 - 2023):
Italy-$9.94M (-69.7%)
Indonesia-$3.75M (-43.8%)
China-$2.67M (-21.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Pulley Systems were:
China $2.68B
Germany $872M
In 2023, United States's main importing competitors in Pulley Systems were:
Canada $376M
France $373M

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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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