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2022
Exports $7BWorld Rnk 1 / 180
Flag Rnk 45 / 1217
2022
Destination $684M Canada
2021 - 2022
FASTEST GROWING MARKET $684MMexico
2022
PRODUCT COMPLEXITY IN Spark-Ignition Engines1.15Rnk 117 / 1025
2022
Imports $11.7BWorld Rnk 1 / 222
Flag Rnk 54 / 1216
2022
Origin $408M Mexico
2021 - 2022
FASTEST GROWING ORIGIN $408MJapan
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $7B in Spark-Ignition Engines, making it the 1st largest exporter of Spark-Ignition Engines in the world. At the same year, Spark-Ignition Engines was the 45th most exported product in United States. The main destination of Spark-Ignition Engines exports from United States are: Canada ($2.75B), Mexico ($2.22B), Singapore ($237M), Belgium ($212M), and Thailand ($171M).

The fastest growing export markets for Spark-Ignition Engines of United States between 2021 and 2022 were Mexico ($684M), Singapore ($230M), and Thailand ($147M).

Imports In 2022, United States imported $11.7B in Spark-Ignition Engines, becoming the 1st largest importer of Spark-Ignition Engines in the world. At the same year, Spark-Ignition Engines was the 54th most imported product in United States. United States imports Spark-Ignition Engines primarily from: Mexico ($2.7B), Canada ($2.26B), Japan ($2.16B), Germany ($1.57B), and Austria ($651M).

The fastest growing import markets in Spark-Ignition Engines for United States between 2021 and 2022 were Japan ($408M), Mexico ($267M), and Canada ($216M).

COMPANIES In 2023, leading companies such as YAMAHA CORPORATION OF AMERICA (350), Ford Motor Company (238), and Mercedes-Benz (213) were at the forefront of shipping Spark-Ignition Engines to the United States.

Latest Trends

September 2024

About

Overview In September 2024 United States' Spark-Ignition Engines exports accounted up to $669M and imports accounted up to $1.08B, resulting in a negative trade balance of $408M. Between September 2023 and September 2024 the exports of United States'   Spark-Ignition Engines have increased by $2.94M (0.44%) from $666M to $669M, while imports increased by $22.3M (2.11%) from $1.05B to $1.08B.

Destinations In September 2024, Spark-Ignition Engines were exported mostly to Canada ($340M), Mexico ($233M), Singapore ($17.8M), Thailand ($11.8M), and Belgium ($11M), and were imported mostly from Mexico ($370M), Canada ($209M), South Korea ($110M), Japan ($105M), and Germany ($83.5M).

Growth In September 2024, the increase in Spark-Ignition Engines's year-by-year exports was explained primarily by an increase in exports to Canada ($151M or 105%), Mexico ($22.7M or 12.8%), and Spain ($11.4M or 205%). In September 2024, the increase in Spark-Ignition Engines's year-by-year imports was explained primarily by an increase in imports from Germany ($38M or 51.9%), Canada ($33.6M or 19.4%), and Austria ($23.4M or 54.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$2.94M(0.44%)
IMPORT GROWTH (September 2023 - September 2024)$22.3M(2.11%)
MAIN EXPORTER (September 2024)Ohio$185M
MAIN DESTINATION (September 2024)Canada$340M

This section shows Spark-Ignition Engines'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 Spark-Ignition Engines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$7B
IMPORTS (2022)$11.7B
NET TRADE (2022)-$4.74B

In 2022, United States exported $7B in Spark-Ignition Engines. The main destinations of United States exports on Spark-Ignition Engines were Canada ($2.75B), Mexico ($2.22B), Singapore ($237M), Belgium ($212M), and Thailand ($171M).

In 2022, United States imported $11.7B in Spark-Ignition Engines, mainly from Mexico ($2.7B), Canada ($2.26B), Japan ($2.16B), Germany ($1.57B), and Austria ($651M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Spark-Ignition Engines EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$684M (44.5%)
Singapore$230M (3.1k%)
Thailand$147M (612%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spark-Ignition Engines BY United States WERE (2021 - 2022):
China-$38.6M (-20.2%)
Iceland-$24.9M (-98.9%)
Brazil-$21.7M (-27%)
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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 Spark-Ignition Engines were:
Germany $5.21B
Japan $5.2B
In 2022, United States's main importing competitors in Spark-Ignition Engines were:
Canada $4.24B
Germany $3.61B

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Trade Value of Spark-Ignition Engines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $76.2M
TOP IMPORT POTENTIALCanada+ $353M

Spark-Ignition Engines’s highest export potential is China. With an export gap of $76.2M.   Spark-Ignition Engines’s highest import potential is Canada with an import gap of $353M.

See methodology.

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