Spades and shovels in United States | The Observatory of Economic Complexity

About

Exports In 2022, United States exported $5.14M in Spades and shovels, making it the 10th largest exporter of Spades and shovels in the world. At the same year, Spades and shovels was the 3601st most exported product in United States. The main destination of Spades and shovels exports from United States are: Canada ($1.93M), Kazakhstan ($437k), Chinese Taipei ($381k), Australia ($351k), and Bahamas ($205k).

The fastest growing export markets for Spades and shovels of United States between 2021 and 2022 were Canada ($702k), Chinese Taipei ($378k), and Bahamas ($183k).

Imports In 2022, United States imported $129M in Spades and shovels, becoming the 1st largest importer of Spades and shovels in the world. At the same year, Spades and shovels was the 1875th most imported product in United States. United States imports Spades and shovels primarily from: China ($68.1M), Mexico ($34.8M), Brazil ($11.1M), Chinese Taipei ($4.88M), and Vietnam ($4.46M).

The fastest growing import markets in Spades and shovels for United States between 2021 and 2022 were China ($4.47M), Brazil ($2.57M), and Chinese Taipei ($1.7M).

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 Spades and shovels to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Spades and shovels exports accounted up to $277k and imports accounted up to $5.42M, resulting in a negative trade balance of $5.15M. Between June 2023 and June 2024 the exports of United States' Spades and shovels have decreased by $-94k (-25.3%) from $372k to $277k, while imports decreased by $-288k (-5.04%) from $5.71M to $5.42M.

Destinations In June 2024, Spades and shovels were exported mostly to Canada ($149k), Norway ($37.6k), Netherlands ($32.3k), Saudi Arabia ($19.1k), and Peru ($13.6k), and were imported mostly from Mexico ($2.29M), China ($2.12M), Vietnam ($333k), Brazil ($228k), and Chinese Taipei ($137k).

Growth In June 2024, the decrease in Spades and shovels's year-by-year exports was explained primarily by a decrease in exports to Singapore ($-8.79k or -61.4%) and South Africa ($-145 or -2.88%). In June 2024, the decrease in Spades and shovels's year-by-year imports was explained primarily by a decrease in imports from China ($-3.89M or -55.4%), Brazil ($-361k or -36.4%), and Japan ($-10.5k or -69.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)$-94k(-25.3%)

IMPORT GROWTH (June 2023 - June 2024)$-288k(-5.04%)

MAIN EXPORTER (June 2024)Florida$119k

MAIN DESTINATION (June 2024)Canada$149k

This section shows Spades and shovels'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 Spades and shovels over time.

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