2022
Exports
$3.58BWorld Rnk 4 / 214
Flag Rnk 97 / 1217
2022
PRODUCT COMPLEXITY IN Thermostats
1.04Rnk 157 / 1025
2022
Imports
$6.78BWorld Rnk 1 / 223
Flag Rnk 94 / 1216
2022
ECONOMIC COMPLEXITY of United States
1.47Rnk 10 / 133

About

Exports In 2022, United States exported $3.58B in Thermostats, making it the 4th largest exporter of Thermostats in the world. At the same year, Thermostats was the 97th most exported product in United States. The main destination of Thermostats exports from United States are: Mexico ($694M), Canada ($494M), China ($330M), Germany ($246M), and South Korea ($210M).

The fastest growing export markets for Thermostats of United States between 2021 and 2022 were Mexico ($91M), Canada ($82.1M), and South Korea ($45.3M).

Imports In 2022, United States imported $6.78B in Thermostats, becoming the 1st largest importer of Thermostats in the world. At the same year, Thermostats was the 94th most imported product in United States. United States imports Thermostats primarily from: Mexico ($2.19B), Japan ($1.4B), Germany ($548M), Canada ($513M), and China ($503M).

The fastest growing import markets in Thermostats for United States between 2021 and 2022 were Mexico ($313M), Canada ($41.4M), and Germany ($39.8M).

COMPANIES In 2023, leading companies such as Robert Bosch (294), Mahle Behr (158), and Wistron (58) were at the forefront of shipping Thermostats to the United States.

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-19.5M(-6.42%)
IMPORT GROWTH (June 2023 - June 2024)$-12.9M(-3.37%)
MAIN EXPORTER (June 2024)Texas$65.4M
MAIN DESTINATION (June 2024)Mexico$57.7M

This section shows Thermostats'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 Thermostats over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.58B
IMPORTS (2022)$6.78B
NET TRADE (2022)-$3.2B

In 2022, United States exported $3.58B in Thermostats. The main destinations of United States exports on Thermostats were Mexico ($694M), Canada ($494M), China ($330M), Germany ($246M), and South Korea ($210M).

In 2022, United States imported $6.78B in Thermostats, mainly from Mexico ($2.19B), Japan ($1.4B), Germany ($548M), Canada ($513M), and China ($503M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Thermostats EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$91M (15.1%)
Canada$82.1M (19.9%)
South Korea$45.3M (27.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Thermostats BY United States WERE (2021 - 2022):
Russia-$15.8M (-91.8%)
Turkey-$9.57M (-49.1%)
New Zealand-$7.19M (-55%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Thermostats were:
Japan $5.66B
China $5.61B
Germany $4.45B
In 2022, United States's main importing competitors in Thermostats were:

Explore Visualizations

Trade Value of Thermostats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $87.9M
TOP IMPORT POTENTIALChina+ $200M

Thermostats’s highest export potential is China. With an export gap of $87.9M.   Thermostats’s highest import potential is China with an import gap of $200M.

See methodology.

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