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2018
Exports $8.08BWorld Rnk 3 / 221
Flag Rnk 36 / 1217
2018
Destination $140M Canada
2022 - 2023
FASTEST GROWING MARKET $140MCanada
2023
PRODUCT COMPLEXITY IN Transmissions1.42Rnk 57 / 1025
2018
Imports $10.9BWorld Rnk 1 / 224
Flag Rnk 56 / 1215
2018
Origin $106M China
2022 - 2023
FASTEST GROWING ORIGIN $106MCanada
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2018, United States exported $8.08B in Transmissions, making it the 3rd largest exporter of Transmissions in the world. At the same year, Transmissions was the 36th most exported product in United States. The main destination of Transmissions exports from United States are: Canada ($1.78B), Mexico ($1.52B), China ($598M), Brazil ($425M), and Germany ($369M).

The fastest growing export markets for Transmissions of United States between 2022 and 2023 were Canada ($140M), Mexico ($81.7M), and United Kingdom ($64.9M).

Imports In 2023, United States imported $10.9B in Transmissions, becoming the 1st largest importer of Transmissions in the world. At the same year, Transmissions was the 56th most imported product in United States. United States imports Transmissions primarily from: China ($1.45B), Germany ($1.4B), Japan ($1.33B), India ($1.02B), and Mexico ($972M).

The fastest growing import markets in Transmissions for United States between 2022 and 2023 were Canada ($106M), Mexico ($102M), and India ($85.6M).

COMPANIES In 2023, leading companies such as ZF Friedrichshafen (1.27k), Schaeffler Group (1.01k), and Stihl (601) were at the forefront of shipping Transmissions to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Transmissions exports accounted up to $713M and imports accounted up to $889M, resulting in a negative trade balance of $176M. Between November 2023 and November 2024 the exports of United States'   Transmissions have increased by $43.5M (6.5%) from $669M to $713M, while imports increased by $19.6M (2.25%) from $869M to $889M.

Destinations In November 2024, Transmissions were exported mostly to Canada ($168M), Mexico ($124M), China ($54.6M), Brazil ($36.9M), and United Kingdom ($34.4M), and were imported mostly from India ($110M), Japan ($101M), Germany ($97.9M), China ($95.8M), and Mexico ($81.7M).

Growth In November 2024, the increase in Transmissions's year-by-year exports was explained primarily by an increase in exports to Canada ($42.1M or 30.3%), Mexico ($26.1M or 23.7%), and Germany ($10.4M or 56.2%). In November 2024, the increase in Transmissions's year-by-year imports was explained primarily by an increase in imports from Japan ($28.9M or 27.8%), Canada ($22.2M or 49.3%), and India ($14.6M or 22%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$43.5M(6.5%)
IMPORT GROWTH (November 2023 - November 2024)$19.6M(2.25%)
MAIN EXPORTER (November 2024)Kentucky$110M
MAIN DESTINATION (November 2024)Canada$168M

This section shows Transmissions'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 Transmissions over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$8.08B
IMPORTS (2023)$10.9B
NET TRADE (2023)-$2.77B

In 2023, United States exported $8.08B in Transmissions. The main destinations of United States exports on Transmissions were Canada ($1.78B), Mexico ($1.52B), China ($598M), Brazil ($425M), and Germany ($369M).

In 2023, United States imported $10.9B in Transmissions, mainly from China ($1.45B), Germany ($1.4B), Japan ($1.33B), India ($1.02B), and Mexico ($972M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Transmissions EXPORT MARKETS FOR United States WERE (2022 - 2023):
Canada$140M (8.53%)
Mexico$81.7M (5.69%)
United Kingdom$64.9M (29.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Transmissions BY United States WERE (2022 - 2023):
South Korea-$12.3M (-11%)
Belgium-$11.6M (-19.9%)
New Zealand-$9.47M (-32.9%)
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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 Transmissions were:
Germany $13.5B
China $11.2B
In 2023, United States's main importing competitors in Transmissions were:
Germany $6.88B
China $5.17B

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Trade Value of Transmissions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $162M
TOP IMPORT POTENTIALChina+ $367M

Transmissions’s highest export potential is China. With an export gap of $162M.   Transmissions’s highest import potential is China with an import gap of $367M.

See methodology.

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