Refrigerators in United States 2021 Exports | Imports : $2.37B | $13B, World Rnk 8 / 209 Rnk 120 / 1216 | World Rnk 1 / 225 Rnk 36 / 1215
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $139M | $823M, Canada | South Korea
2021 ECONOMIC COMPLEXITY of United States: 1.46, Rnk 10 / 131
2021 PRODUCT COMPLEXITY IN Refrigerators: 0.55, Rnk 346 / 1024
Exports In 2021, United States exported $2.37B in Refrigerators, making it the 8th largest exporter of Refrigerators in the world. At the same year, Refrigerators was the 120th most exported product in United States. The main destination of Refrigerators exports from United States are: Canada ($872M), Mexico ($433M), United Kingdom ($118M), China ($86.7M), and Germany ($83M).
The fastest growing export markets for Refrigerators of United States between 2020 and 2021 were Canada ($139M), Mexico ($95.3M), and United Kingdom ($33.6M).
Imports In 2021, United States imported $13B in Refrigerators, becoming the 1st largest importer of Refrigerators in the world. At the same year, Refrigerators was the 36th most imported product in United States. United States imports Refrigerators primarily from: Mexico ($5.16B), China ($3.22B), South Korea ($2.51B), Thailand ($514M), and Canada ($382M).
The fastest growing import markets in Refrigerators for United States between 2020 and 2021 were South Korea ($823M), Mexico ($773M), and China ($388M).
May 2023
Overview In May 2023 United States' Refrigerators exports accounted up to $249M and imports accounted up to $1.15B, resulting in a negative trade balance of $900M. Between May 2022 and May 2023 the exports of United States' Refrigerators have increased by $2.12M (0.86%) from $247M to $249M, while imports decreased by $-110M (-8.75%) from $1.26B to $1.15B.
Destinations In May 2023, Refrigerators were exported mostly to Canada ($92.7M), Mexico ($62.2M), United Kingdom ($20.1M), Germany ($4.79M), and China ($4.38M), and were imported mostly from Mexico ($534M), South Korea ($202M), China ($187M), Thailand ($51.4M), and Canada ($50.8M).
Growth In May 2023, the increase in Refrigerators's year-by-year exports was explained primarily by an increase in exports to Mexico ($15.4M or 67.2%), Belgium ($2.89M or 671%), and Saudi Arabia ($2.45M or 338%). In May 2023, the decrease in Refrigerators's year-by-year imports was explained primarily by a decrease in imports from China ($-15.4M or -5.04%), Turkey ($-4.74M or -26.8%), and Denmark ($-3.98M or -61.3%).
EXPORT GROWTH (May 2022 - May 2023): $2.12M, (0.86%)
IMPORT GROWTH (May 2022 - May 2023): $-110M, (-8.75%)
MAIN EXPORTER (May 2023): California, $41.9M
MAIN DESTINATION (May 2023): Canada, $92.7M
This section shows Refrigerators'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 Refrigerators over time.
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EXPORTS (2021): $2.37B
IMPORTS (2021): $13B
NET TRADE (2021): -$10.7B
In 2021, United States exported $2.37B in Refrigerators. The main destinations of United States exports on Refrigerators were Canada ($872M), Mexico ($433M), United Kingdom ($118M), China ($86.7M), and Germany ($83M).
In 2021, United States imported $13B in Refrigerators, mainly from Mexico ($5.16B), China ($3.22B), South Korea ($2.51B), Thailand ($514M), and Canada ($382M).
THE FASTEST GROWING Refrigerators EXPORT MARKETS FOR United States WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refrigerators BY United States WERE (2020 - 2021):
In 2021, United States's main exporting competitors in Refrigerators were:
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