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2022
Exports $281MWorld Rnk 4 / 198
Flag Rnk 518 / 1217
2022
Destination $13.1M Canada
2021 - 2022
FASTEST GROWING MARKET $13.1MMexico
2022
PRODUCT COMPLEXITY IN Scales0.96Rnk 184 / 1025
2022
Imports $871MWorld Rnk 1 / 220
Flag Rnk 430 / 1216
2022
Origin $18.6M China
2021 - 2022
FASTEST GROWING ORIGIN $18.6MMexico
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $281M in Scales, making it the 4th largest exporter of Scales in the world. At the same year, Scales was the 518th most exported product in United States. The main destination of Scales exports from United States are: Canada ($81.5M), Mexico ($66M), China ($12.3M), South Korea ($9.99M), and Germany ($8.08M).

The fastest growing export markets for Scales of United States between 2021 and 2022 were Mexico ($13.1M), Malaysia ($5.92M), and Australia ($2.6M).

Imports In 2022, United States imported $871M in Scales, becoming the 1st largest importer of Scales in the world. At the same year, Scales was the 430th most imported product in United States. United States imports Scales primarily from: China ($348M), Japan ($119M), Germany ($106M), Mexico ($102M), and Canada ($31.1M).

The fastest growing import markets in Scales for United States between 2021 and 2022 were Mexico ($18.6M), Denmark ($10.2M), and South Korea ($5.94M).

COMPANIES In 2023, leading companies such as CrimsonLogic (6.2k), Hankook Tires (231), and Amazon (149) were at the forefront of shipping Scales to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Scales exports accounted up to $32.3M and imports accounted up to $63M, resulting in a negative trade balance of $30.7M. Between August 2023 and August 2024 the exports of United States'   Scales have increased by $1.72M (5.61%) from $30.6M to $32.3M, while imports decreased by $-11.7M (-15.6%) from $74.7M to $63M.

Destinations In August 2024, Scales were exported mostly to Canada ($8.53M), Mexico ($6.5M), South Korea ($4.82M), Japan ($1.3M), and China ($903k), and were imported mostly from China ($26.9M), Mexico ($10.8M), Japan ($5.56M), Germany ($5.23M), and Canada ($1.5M).

Growth In August 2024, the increase in Scales's year-by-year exports was explained primarily by an increase in exports to Mexico ($3.37M or 67.8%), Canada ($1.95M or 23.4%), and Germany ($723k or 79.1%). In August 2024, the decrease in Scales's year-by-year imports was explained primarily by a decrease in imports from China ($-8.35M or -25.7%), Chinese Taipei ($-617k or -37%), and South Korea ($-476k or -27.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$1.72M(5.61%)
IMPORT GROWTH (August 2023 - August 2024)$-11.7M(-15.6%)
MAIN EXPORTER (August 2024)Texas$76.9M
MAIN DESTINATION (August 2024)Canada$8.53M

This section shows Scales'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 Scales over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$281M
IMPORTS (2022)$871M
NET TRADE (2022)-$590M

In 2022, United States exported $281M in Scales. The main destinations of United States exports on Scales were Canada ($81.5M), Mexico ($66M), China ($12.3M), South Korea ($9.99M), and Germany ($8.08M).

In 2022, United States imported $871M in Scales, mainly from China ($348M), Japan ($119M), Germany ($106M), Mexico ($102M), and Canada ($31.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scales EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$13.1M (24.7%)
Malaysia$5.92M (283%)
Australia$2.6M (62.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scales BY United States WERE (2021 - 2022):
Germany-$6.11M (-43.1%)
Canada-$5.46M (-6.28%)
Luxembourg-$1.33M (-94.1%)
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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 Scales were:
China $1.91B
Germany $683M
Japan $297M
In 2022, United States's main importing competitors in Scales were:
Germany $296M
Netherlands $285M

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Trade Value of Scales by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.98M
TOP IMPORT POTENTIALCanada+ $11.6M

Scales’s highest export potential is China. With an export gap of $3.98M.   Scales’s highest import potential is Canada with an import gap of $11.6M.

See methodology.

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