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2022
Exports $1.99BWorld Rnk 6 / 214
Flag Rnk 157 / 1217
2022
Destination $53.7M Mexico
2021 - 2022
FASTEST GROWING MARKET $53.7MVenezuela
2022
PRODUCT COMPLEXITY IN Telephones0.51Rnk 360 / 1025
2022
Imports $5.55BWorld Rnk 5 / 222
Flag Rnk 111 / 1216
2022
Origin $131M China
2021 - 2022
FASTEST GROWING ORIGIN $131MVietnam
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $1.99B in Telephones, making it the 6th largest exporter of Telephones in the world. At the same year, Telephones was the 157th most exported product in United States. The main destination of Telephones exports from United States are: Mexico ($451M), Canada ($160M), Venezuela ($151M), Hong Kong ($139M), and Netherlands ($126M).

The fastest growing export markets for Telephones of United States between 2021 and 2022 were Venezuela ($53.7M), South Korea ($25.4M), and United Arab Emirates ($19.6M).

Imports In 2022, United States imported $5.55B in Telephones, becoming the 5th largest importer of Telephones in the world. At the same year, Telephones was the 111th most imported product in United States. United States imports Telephones primarily from: China ($2.39B), Vietnam ($670M), Chinese Taipei ($386M), Mexico ($358M), and South Korea ($242M).

The fastest growing import markets in Telephones for United States between 2021 and 2022 were Vietnam ($131M), China ($120M), and Chinese Taipei ($98.7M).

COMPANIES In 2023, leading companies such as CrimsonLogic (660), Stelfast (654), and Asus Computer (367) were at the forefront of shipping Telephones to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Telephones exports accounted up to $3.57B and imports accounted up to $8.57B, resulting in a negative trade balance of $5.01B. Between August 2023 and August 2024 the exports of United States'   Telephones have increased by $410M (13%) from $3.16B to $3.57B, while imports increased by $454M (5.58%) from $8.12B to $8.57B.

Destinations In August 2024, Telephones were exported mostly to Mexico ($438M), Canada ($428M), Hong Kong ($318M), United Arab Emirates ($209M), and Netherlands ($199M), and were imported mostly from China ($3.54B), Vietnam ($1.15B), Mexico ($1.02B), Thailand ($681M), and Chinese Taipei ($622M).

Growth In August 2024, the increase in Telephones's year-by-year exports was explained primarily by an increase in exports to Poland ($229M or 4.04k%), Canada ($115M or 39.5%), and Mexico ($91M or 32.5%). In August 2024, the increase in Telephones's year-by-year imports was explained primarily by an increase in imports from India ($286M or 305%), Mexico ($183M or 26.5%), and Thailand ($170M or 55.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$410M(13%)
IMPORT GROWTH (August 2023 - August 2024)$454M(5.58%)
MAIN EXPORTER (August 2024)Texas$785M
MAIN DESTINATION (August 2024)Mexico$438M

This section shows Telephones'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 Telephones over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.99B
IMPORTS (2022)$5.55B
NET TRADE (2022)-$3.56B

In 2022, United States exported $1.99B in Telephones. The main destinations of United States exports on Telephones were Mexico ($451M), Canada ($160M), Venezuela ($151M), Hong Kong ($139M), and Netherlands ($126M).

In 2022, United States imported $5.55B in Telephones, mainly from China ($2.39B), Vietnam ($670M), Chinese Taipei ($386M), Mexico ($358M), and South Korea ($242M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Telephones EXPORT MARKETS FOR United States WERE (2021 - 2022):
Venezuela$53.7M (55.4%)
South Korea$25.4M (84%)
United Arab Emirates$19.6M (36%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Telephones BY United States WERE (2021 - 2022):
China-$54.1M (-42%)
Mexico-$31.9M (-6.61%)
Brazil-$26.3M (-44.7%)
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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 Telephones were:
China $42.8B
Vietnam $24.4B
South Korea $3.88B
In 2022, United States's main importing competitors in Telephones were:
China $21.3B
Hong Kong $10.9B
Vietnam $9.43B

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Trade Value of Telephones by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $964M
TOP IMPORT POTENTIALMexico+ $2.44B

Telephones’s highest export potential is Canada. With an export gap of $964M.   Telephones’s highest import potential is Mexico with an import gap of $2.44B.

See methodology.

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