HS Icon Tool Plates in  Flag United States

2019
Exports | Imports
: $454M | $872M, World Rnk 7 / 140
Flag Rnk 382 / 1217 | World Rnk 1 / 184
Flag Rnk 362 / 1215

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $3.76M | $5.58M, Mexico |  Chinese Taipei

2019
ECONOMIC COMPLEXITY of United States
: 1.59, Rnk 9 / 147

2019
PRODUCT COMPLEXITY  IN Tool Plates
: 2, Rnk 9 / 1029

Exports: In 2019, United States exported $454M in Tool Plates, making it the 7th largest exporter of Tool Plates in the world. At the same year, Tool Plates was the 382nd most exported product in United States. The main destination of Tool Plates exports from United States are: Mexico ($89.8M), Germany ($84.1M), Canada ($72.3M), Netherlands ($38.3M), and China ($28.3M).

The fastest growing export markets for Tool Plates of United States between 2018 and 2019 were Mexico ($3.76M), Israel ($2.96M), and Netherlands ($2.76M).

Imports: In 2019, United States imported $872M in Tool Plates, becoming the 1st largest importer of Tool Plates in the world. At the same year, Tool Plates was the 362nd most imported product in United States. United States imports Tool Plates primarily from: Israel ($193M), Japan ($131M), Germany ($119M), China ($98.9M), and Sweden ($65.4M).

The fastest growing import markets in Tool Plates for United States between 2018 and 2019 were Chinese Taipei ($5.58M), South Korea ($1.96M), and Austria ($1.21M).

Tariffs: In 2018, the average tariff for United States in Tool Plates was 2.17%. The countries with the highest import tariffs for Tool Plates were Equatorial Guinea (Most Favoured Nation duty rate treatement, 4.6%), Libya (Most Favoured Nation duty rate treatement, 4.6%), Mayotte (Most Favoured Nation duty rate treatement, 4.6%), Reunion (Most Favoured Nation duty rate treatement, 4.6%), and Sudan (Most Favoured Nation duty rate treatement, 4.6%).

Latest Trends (May 2021)

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Overview: In May 2021 United States' Tool Plates exports accounted up to $37.8M and imports accounted up to $81.7M, resulting in a negative trade balance of $44M. Between May 2020 and May 2021 the exports of United States'   Tool Plates have increased by $11.3M (42.6%) from $26.5M to $37.8M, while imports increased by $29.5M (56.6%) from $52.2M to $81.7M.

Destinations: In May 2021, Tool Plates were exported mostly to Canada ($7.16M), Germany ($6.83M), Mexico ($6.54M), Netherlands ($4M), and Israel ($2.76M), and were imported mostly from Israel ($17M), Japan ($12.6M), Germany ($11.9M), Sweden ($11.8M), and China ($6.32M).

Growth: In May 2021, the increase in Tool Plates's year-by-year exports was explained primarily by an increase in exports to Mexico ($3.37M or 106%), Canada ($2.3M or 47.4%), and Germany ($2.25M or 49.2%). In May 2021, the increase in Tool Plates's year-by-year imports was explained primarily by an increase in imports from Israel ($7.69M or 82.6%), Japan ($5.79M or 84.4%), and Thailand ($4.7M or 2.6k%).

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (May 2020 - May 2021): $11.3M, (42.6%)

IMPORT GROWTH (May 2020 - May 2021): $29.5M, (56.6%)

MAIN EXPORTER (May 2021): Ohio, $10.2M

MAIN DESTINATION (May 2021): Canada, $7.16M

This section shows Tool Plates'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 Tool Plates over time.

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Historical Data

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Value

EXPORTS (2019): $454M

IMPORTS (2019): $872M

NET TRADE (2019): -$418M

In 2019, United States exported $454M in Tool Plates. The main destinations of United States exports on Tool Plates were Mexico ($89.8M), Germany ($84.1M), Canada ($72.3M), Netherlands ($38.3M), and China ($28.3M).

In 2019, United States imported $872M in Tool Plates, mainly from Israel ($193M), Japan ($131M), Germany ($119M), China ($98.9M), and Sweden ($65.4M).

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IN 2019, United States HAD A POSITIVE NET TRADE IN Tool Plates WITH:

IN 2019, United States HAD A NEGATIVE NET TRADE IN Tool Plates WITH:

Flow

THE FASTEST GROWING Tool Plates EXPORT MARKETS FOR United States WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tool Plates BY United States WERE (2018 - 2019):

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Market Concentration

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Flow
Type

In 2018, United States's main exporting competitors in Tool Plates were:

In 2018, United States's main importing competitors in Tool Plates were:

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Tariffs by Country

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In 2018, the average tariff for United States in Tool Plates was 2.17%.

The countries with the highest tariffs for Tool Plates in United States were Equatorial Guinea (Most Favoured Nation duty rate treatement, 4.6%), Libya (Most Favoured Nation duty rate treatement, 4.6%), Mayotte (Most Favoured Nation duty rate treatement, 4.6%), Reunion (Most Favoured Nation duty rate treatement, 4.6%), and Sudan (Most Favoured Nation duty rate treatement, 4.6%).