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2023
Exports $2.5BWorld Rnk 6 / 208
Flag Rnk 123 / 1217
2023
Destination $421M Canada
2022 - 2023
FASTEST GROWING MARKET $421MCanada
2023
PRODUCT COMPLEXITY IN Video Recording Equipment0.86Rnk 223 / 1025
2023
Imports $10.2BWorld Rnk 1 / 219
Flag Rnk 60 / 1215
2023
Origin $461M China
2022 - 2023
FASTEST GROWING ORIGIN $461MMalaysia
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $2.5B in Video Recording Equipment, making it the 6th largest exporter of Video Recording Equipment in the world. At the same year, Video Recording Equipment was the 123rd most exported product in United States. The main destination of Video Recording Equipment exports from United States are: Canada ($747M), Mexico ($262M), Germany ($243M), Hong Kong ($147M), and United Kingdom ($135M).

The fastest growing export markets for Video Recording Equipment of United States between 2022 and 2023 were Canada ($421M), Mexico ($205M), and Hong Kong ($54.8M).

Imports In 2023, United States imported $10.2B in Video Recording Equipment, becoming the 1st largest importer of Video Recording Equipment in the world. At the same year, Video Recording Equipment was the 60th most imported product in United States. United States imports Video Recording Equipment primarily from: China ($2.2B), Vietnam ($1.44B), Thailand ($1.28B), Chinese Taipei ($870M), and Malaysia ($853M).

The fastest growing import markets in Video Recording Equipment for United States between 2022 and 2023 were Malaysia ($461M), Vietnam ($131M), and Mexico ($101M).

COMPANIES In 2023, leading companies such as LG Electronics (31) and Robert Bosch (3) were at the forefront of shipping Video Recording Equipment to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Video Recording Equipment exports accounted up to $20M and imports accounted up to $40.6M, resulting in a negative trade balance of $20.6M. Between November 2023 and November 2024 the exports of United States'   Video Recording Equipment have increased by $4.4M (28.1%) from $15.6M to $20M, while imports increased by $1.74M (4.48%) from $38.9M to $40.6M.

Destinations In November 2024, Video Recording Equipment were exported mostly to Canada ($3.96M), United Arab Emirates ($3.09M), Mexico ($2.55M), Singapore ($2.1M), and United Kingdom ($947k), and were imported mostly from China ($10.7M), Vietnam ($7.09M), Malaysia ($6.33M), Chinese Taipei ($3.39M), and Canada ($2.03M).

Growth In November 2024, the increase in Video Recording Equipment's year-by-year exports was explained primarily by an increase in exports to Australia ($818k or 524%), Venezuela ($707k or 6.77k%), and Netherlands ($308k or 175%). In November 2024, the increase in Video Recording Equipment's year-by-year imports was explained primarily by an increase in imports from Israel ($2.92M or 132%), Vietnam ($2.02M or 141%), and Poland ($1.01M or 7.29k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$4.4M(28.1%)
IMPORT GROWTH (November 2023 - November 2024)$1.74M(4.48%)
MAIN EXPORTER (November 2024)New York$15M
MAIN DESTINATION (November 2024)Canada$3.96M

This section shows Video Recording Equipment'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 Video Recording Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.5B
IMPORTS (2023)$10.2B
NET TRADE (2023)-$7.7B

In 2023, United States exported $2.5B in Video Recording Equipment. The main destinations of United States exports on Video Recording Equipment were Canada ($747M), Mexico ($262M), Germany ($243M), Hong Kong ($147M), and United Kingdom ($135M).

In 2023, United States imported $10.2B in Video Recording Equipment, mainly from China ($2.2B), Vietnam ($1.44B), Thailand ($1.28B), Chinese Taipei ($870M), and Malaysia ($853M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Video Recording Equipment EXPORT MARKETS FOR United States WERE (2022 - 2023):
Canada$421M (129%)
Mexico$205M (365%)
Hong Kong$54.8M (59.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Video Recording Equipment BY United States WERE (2022 - 2023):
Vietnam-$16M (-78%)
Germany-$11.3M (-4.45%)
Nigeria-$10.8M (-91%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Video Recording Equipment were:
China $16.5B
Thailand $3.72B
Vietnam $3.13B
In 2023, United States's main importing competitors in Video Recording Equipment were:
Germany $3.33B
Japan $3.07B

Explore Visualizations

Trade Value of Video Recording Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $2.31M
TOP IMPORT POTENTIALChina+ $26.9M

Video Recording Equipment’s highest export potential is Mexico. With an export gap of $2.31M.   Video Recording Equipment’s highest import potential is China with an import gap of $26.9M.

See methodology.

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