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2023
Exports $8.37BWorld Rnk 1 / 188
Flag Rnk 33 / 1217
2023
Destination $1.26B Canada
2022 - 2023
FASTEST GROWING MARKET $1.26BCanada
2023
PRODUCT COMPLEXITY IN Spark-Ignition Engines1.24Rnk 94 / 1025
2023
Imports $12.8BWorld Rnk 1 / 220
Flag Rnk 45 / 1215
2023
Origin $668M Mexico
2022 - 2023
FASTEST GROWING ORIGIN $668MCanada
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $8.37B 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 33rd most exported product in United States. The main destination of Spark-Ignition Engines exports from United States are: Canada ($4B), Mexico ($2.41B), Belgium ($190M), Australia ($133M), and Spain ($126M).

The fastest growing export markets for Spark-Ignition Engines of United States between 2022 and 2023 were Canada ($1.26B), Mexico ($163M), and Philippines ($93.8M).

Imports In 2023, United States imported $12.8B 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 45th most imported product in United States. United States imports Spark-Ignition Engines primarily from: Mexico ($3.4B), Canada ($2.91B), Japan ($1.87B), Germany ($1.61B), and South Korea ($794M).

The fastest growing import markets in Spark-Ignition Engines for United States between 2022 and 2023 were Canada ($668M), Germany ($216M), and South Korea ($195M).

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

November 2024

About

Overview In November 2024 United States' Spark-Ignition Engines exports accounted up to $727M and imports accounted up to $970M, resulting in a negative trade balance of $243M. Between November 2023 and November 2024 the exports of United States'   Spark-Ignition Engines have increased by $84.4M (13.1%) from $643M to $727M, while imports increased by $44M (4.76%) from $926M to $970M.

Destinations In November 2024, Spark-Ignition Engines were exported mostly to Canada ($391M), Mexico ($248M), Japan ($14.5M), Belgium ($12.4M), and China ($8.83M), and were imported mostly from Mexico ($294M), Canada ($190M), Japan ($150M), South Korea ($93.3M), and Germany ($91.9M).

Growth In November 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 November 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 (November 2023 - November 2024)$84.4M(13.1%)
IMPORT GROWTH (November 2023 - November 2024)$44M(4.76%)
MAIN EXPORTER (November 2024)Ohio$219M
MAIN DESTINATION (November 2024)Canada$391M

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 (2023)$8.37B
IMPORTS (2023)$12.8B
NET TRADE (2023)-$4.39B

In 2023, United States exported $8.37B in Spark-Ignition Engines. The main destinations of United States exports on Spark-Ignition Engines were Canada ($4B), Mexico ($2.41B), Belgium ($190M), Australia ($133M), and Spain ($126M).

In 2023, United States imported $12.8B in Spark-Ignition Engines, mainly from Mexico ($3.4B), Canada ($2.91B), Japan ($1.87B), Germany ($1.61B), and South Korea ($794M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Spark-Ignition Engines EXPORT MARKETS FOR United States WERE (2022 - 2023):
Canada$1.26B (46.2%)
Mexico$163M (7.26%)
Philippines$93.8M (1.48k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spark-Ignition Engines BY United States WERE (2022 - 2023):
Singapore-$213M (-89.8%)
China-$63.9M (-39.3%)
Thailand-$59.6M (-35.3%)
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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 Spark-Ignition Engines were:
Germany $6.24B
Japan $4.75B
In 2023, United States's main importing competitors in Spark-Ignition Engines were:
Canada $5.21B
Germany $4.95B

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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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