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2022
Exports $192MWorld Rnk 3 / 138
Flag Rnk 596 / 1217
2022
Destination $5.16M Canada
2021 - 2022
FASTEST GROWING MARKET $5.16MLuxembourg
2022
PRODUCT COMPLEXITY IN Traffic Signals1.02Rnk 165 / 1025
2022
Imports $311MWorld Rnk 1 / 210
Flag Rnk 673 / 1216
2022
Origin $17M Mexico
2021 - 2022
FASTEST GROWING ORIGIN $17MCanada
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $192M in Traffic Signals, making it the 3rd largest exporter of Traffic Signals in the world. At the same year, Traffic Signals was the 596th most exported product in United States. The main destination of Traffic Signals exports from United States are: Canada ($63.5M), Mexico ($32.4M), South Korea ($8.36M), Australia ($8.19M), and United Kingdom ($7.75M).

The fastest growing export markets for Traffic Signals of United States between 2021 and 2022 were Luxembourg ($5.16M), India ($2.41M), and Germany ($2.33M).

Imports In 2022, United States imported $311M in Traffic Signals, becoming the 1st largest importer of Traffic Signals in the world. At the same year, Traffic Signals was the 673rd most imported product in United States. United States imports Traffic Signals primarily from: Mexico ($78.8M), Canada ($68.4M), China ($46.3M), Chinese Taipei ($24.4M), and Germany ($11.1M).

The fastest growing import markets in Traffic Signals for United States between 2021 and 2022 were Canada ($17M), China ($11.9M), and Australia ($6.82M).

COMPANIES In 2023, leading companies such as GE RENEWABLES NORTH AMERICA LLC (89), Hankook Tires (38), and General Motors (24) were at the forefront of shipping Traffic Signals to the United States.

Latest Trends

September 2024

About

Overview In September 2024 United States' Traffic Signals exports accounted up to $24M and imports accounted up to $36.5M, resulting in a negative trade balance of $12.5M. Between September 2023 and September 2024 the exports of United States'   Traffic Signals have decreased by $-212k (-0.87%) from $24.2M to $24M, while imports increased by $472k (1.31%) from $36M to $36.5M.

Destinations In September 2024, Traffic Signals were exported mostly to Canada ($7.58M), Mexico ($7.1M), United Kingdom ($4.77M), Australia ($1.01M), and Belgium ($373k), and were imported mostly from Mexico ($14.7M), Canada ($7.37M), Chinese Taipei ($2.82M), Italy ($1.95M), and China ($1.73M).

Growth In September 2024, the decrease in Traffic Signals's year-by-year exports was explained primarily by a decrease in exports to United Kingdom ($-639k or -51.6%), South Korea ($-423k or -95.2%), and Argentina ($-379k or -94.3%). In September 2024, the increase in Traffic Signals's year-by-year imports was explained primarily by an increase in imports from Mexico ($2.35M or 19.9%), Canada ($2.2M or 84.3%), and Germany ($976k or 219%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-212k(-0.87%)
IMPORT GROWTH (September 2023 - September 2024)$472k(1.31%)
MAIN EXPORTER (September 2024)Minnesota$9.44M
MAIN DESTINATION (September 2024)Canada$7.58M

This section shows Traffic Signals'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 Traffic Signals over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$192M
IMPORTS (2022)$311M
NET TRADE (2022)-$118M

In 2022, United States exported $192M in Traffic Signals. The main destinations of United States exports on Traffic Signals were Canada ($63.5M), Mexico ($32.4M), South Korea ($8.36M), Australia ($8.19M), and United Kingdom ($7.75M).

In 2022, United States imported $311M in Traffic Signals, mainly from Mexico ($78.8M), Canada ($68.4M), China ($46.3M), Chinese Taipei ($24.4M), and Germany ($11.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Traffic Signals EXPORT MARKETS FOR United States WERE (2021 - 2022):
Luxembourg$5.16M (15.7k%)
India$2.41M (253%)
Germany$2.33M (191%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Traffic Signals BY United States WERE (2021 - 2022):
Canada-$11.6M (-15.4%)
Brazil-$3.36M (-49%)
Singapore-$1.63M (-53.2%)
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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 Traffic Signals were:
China $393M
Germany $334M
In 2022, United States's main importing competitors in Traffic Signals were:
Germany $122M
United Kingdom $103M

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Trade Value of Traffic Signals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $2.22M
TOP IMPORT POTENTIALChina+ $10.5M

Traffic Signals’s highest export potential is Germany. With an export gap of $2.22M.   Traffic Signals’s highest import potential is China with an import gap of $10.5M.

See methodology.

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