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2023
Exports $205MWorld Rnk 4 / 143
Flag Rnk 563 / 1217
2023
Destination $12.1M Canada
2022 - 2023
FASTEST GROWING MARKET $12.1MCanada
2023
PRODUCT COMPLEXITY IN Traffic Signals1.04Rnk 165 / 1025
2023
Imports $439MWorld Rnk 1 / 215
Flag Rnk 556 / 1215
2023
Origin $92.2M Mexico
2022 - 2023
FASTEST GROWING ORIGIN $92.2MMexico
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $205M in Traffic Signals, making it the 4th largest exporter of Traffic Signals in the world. At the same year, Traffic Signals was the 563rd most exported product in United States. The main destination of Traffic Signals exports from United States are: Canada ($69M), Mexico ($34.7M), Australia ($8.62M), Iraq ($6.27M), and United Arab Emirates ($6.11M).

The fastest growing export markets for Traffic Signals of United States between 2022 and 2023 were Canada ($12.1M), Mexico ($9.96M), and Iraq ($5.26M).

Imports In 2023, United States imported $439M in Traffic Signals, becoming the 1st largest importer of Traffic Signals in the world. At the same year, Traffic Signals was the 556th most imported product in United States. United States imports Traffic Signals primarily from: Mexico ($183M), Canada ($69.7M), China ($32.5M), Chinese Taipei ($20.6M), and Poland ($17.4M).

The fastest growing import markets in Traffic Signals for United States between 2022 and 2023 were Mexico ($92.2M), United Kingdom ($10.1M), and Poland ($8.97M).

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

November 2024

About

Overview In November 2024 United States' Traffic Signals exports accounted up to $15.7M and imports accounted up to $33.5M, resulting in a negative trade balance of $17.8M. Between November 2023 and November 2024 the exports of United States'   Traffic Signals have decreased by $-9.79M (-38.3%) from $25.5M to $15.7M, while imports decreased by $-3.85M (-10.3%) from $37.4M to $33.5M.

Destinations In November 2024, Traffic Signals were exported mostly to Canada ($6.38M), Mexico ($2.47M), France ($1.77M), Ecuador ($468k), and United Kingdom ($465k), and were imported mostly from Mexico ($14.6M), Canada ($5.52M), Germany ($1.78M), Australia ($1.71M), and Chinese Taipei ($1.68M).

Growth In November 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 ($-379k or -94.3%). In November 2024, the decrease in Traffic Signals's year-by-year imports was explained primarily by a decrease in imports from China ($-1.72M or -49.2%), Belgium ($-217k or -53.3%), and Bulgaria ($-6.64k or -38.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-9.79M(-38.3%)
IMPORT GROWTH (November 2023 - November 2024)$-3.85M(-10.3%)
MAIN EXPORTER (November 2024)Minnesota$9.44M
MAIN DESTINATION (November 2024)Canada$6.38M

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 (2023)$205M
IMPORTS (2023)$439M
NET TRADE (2023)-$234M

In 2023, United States exported $205M in Traffic Signals. The main destinations of United States exports on Traffic Signals were Canada ($69M), Mexico ($34.7M), Australia ($8.62M), Iraq ($6.27M), and United Arab Emirates ($6.11M).

In 2023, United States imported $439M in Traffic Signals, mainly from Mexico ($183M), Canada ($69.7M), China ($32.5M), Chinese Taipei ($20.6M), and Poland ($17.4M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Traffic Signals EXPORT MARKETS FOR United States WERE (2022 - 2023):
Canada$12.1M (21.3%)
Mexico$9.96M (40.3%)
Iraq$5.26M (520%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Traffic Signals BY United States WERE (2022 - 2023):
South Korea-$6.95M (-73.1%)
Morocco-$6.3M (-77.3%)
Belgium-$1.15M (-38.7%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Traffic Signals were:
Germany $390M
China $314M
Mexico $206M
In 2023, United States's main importing competitors in Traffic Signals were:
Germany $144M
Canada $109M

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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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