2023
Exports
$49.6MWorld Rnk 7 / 124
Flag Rnk 834 / 1217
2023
PRODUCT COMPLEXITY IN Tobacco Processing Machines
-0.1Rnk 589 / 1025
2023
Imports
$53.7MWorld Rnk 7 / 176
Flag Rnk 946 / 1215
2023
ECONOMIC COMPLEXITY of United States
1.5Rnk 10 / 132

About

Exports In 2023, United States exported $49.6M in Tobacco Processing Machines, making it the 7th largest exporter of Tobacco Processing Machines in the world. At the same year, Tobacco Processing Machines was the 834th most exported product in United States. The main destination of Tobacco Processing Machines exports from United States are: Dominican Republic ($17.4M), Italy ($8.51M), Canada ($4.2M), Turkey ($3.52M), and Sweden ($3.03M).

The fastest growing export markets for Tobacco Processing Machines of United States between 2022 and 2023 were Italy ($8.34M), Turkey ($3.51M), and Sweden ($3.01M).

Imports In 2023, United States imported $53.7M in Tobacco Processing Machines, becoming the 7th largest importer of Tobacco Processing Machines in the world. At the same year, Tobacco Processing Machines was the 946th most imported product in United States. United States imports Tobacco Processing Machines primarily from: Germany ($11.5M), Dominican Republic ($7.53M), China ($6.75M), United Kingdom ($4.36M), and Italy ($4.25M).

The fastest growing import markets in Tobacco Processing Machines for United States between 2022 and 2023 were Dominican Republic ($6.47M), India ($1.31M), and Poland ($900k).

COMPANIES In 2023, leading companies such as Volkswagen (122), LG Electronics (56), and Tesla (14) were at the forefront of shipping Tobacco Processing Machines to the United States.

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-783k(-29.5%)
IMPORT GROWTH (November 2023 - November 2024)$3.73M(123%)
MAIN EXPORTER (November 2024)North Carolina$7.29M
MAIN DESTINATION (November 2024)Dominican Republic$1.12M

This section shows Tobacco Processing Machines'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 Tobacco Processing Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$49.6M
IMPORTS (2023)$53.7M
NET TRADE (2023)-$4.09M

In 2023, United States exported $49.6M in Tobacco Processing Machines. The main destinations of United States exports on Tobacco Processing Machines were Dominican Republic ($17.4M), Italy ($8.51M), Canada ($4.2M), Turkey ($3.52M), and Sweden ($3.03M).

In 2023, United States imported $53.7M in Tobacco Processing Machines, mainly from Germany ($11.5M), Dominican Republic ($7.53M), China ($6.75M), United Kingdom ($4.36M), and Italy ($4.25M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Tobacco Processing Machines EXPORT MARKETS FOR United States WERE (2022 - 2023):
Italy$8.34M (4.89k%)
Turkey$3.51M (32.9k%)
Sweden$3.01M (28.2k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tobacco Processing Machines BY United States WERE (2022 - 2023):
Saudi Arabia-$84.3M (-99.9%)
Mexico-$3.69M (-81.4%)
Dominican Republic-$2.64M (-13.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Tobacco Processing Machines were:
In 2023, United States's main importing competitors in Tobacco Processing Machines were:

Explore Visualizations

Trade Value of Tobacco Processing Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.34M
TOP IMPORT POTENTIALChina+ $1.37M

Tobacco Processing Machines’s highest export potential is China. With an export gap of $1.34M.   Tobacco Processing Machines’s highest import potential is China with an import gap of $1.37M.

See methodology.

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