Washing and Bottling Machines in United States 2021 Exports | Imports : $1.23B | $5.53B, World Rnk 5 / 195 Rnk 218 / 1216 | World Rnk 1 / 225 Rnk 105 / 1215
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $20.5M | $175M, Germany | Germany
2021 ECONOMIC COMPLEXITY of United States: 1.46, Rnk 10 / 131
2021 PRODUCT COMPLEXITY IN Washing and Bottling Machines: 0.94, Rnk 188 / 1029
Exports In 2021, United States exported $1.23B in Washing and Bottling Machines, making it the 5th largest exporter of Washing and Bottling Machines in the world. At the same year, Washing and Bottling Machines was the 218th most exported product in United States. The main destination of Washing and Bottling Machines exports from United States are: Canada ($489M), Mexico ($143M), Germany ($54.5M), United Kingdom ($51.9M), and China ($50.1M).
The fastest growing export markets for Washing and Bottling Machines of United States between 2020 and 2021 were Germany ($20.5M), China ($18M), and Canada ($10.5M).
Imports In 2021, United States imported $5.53B in Washing and Bottling Machines, becoming the 1st largest importer of Washing and Bottling Machines in the world. At the same year, Washing and Bottling Machines was the 105th most imported product in United States. United States imports Washing and Bottling Machines primarily from: Germany ($1.31B), Italy ($980M), Canada ($639M), China ($517M), and South Korea ($296M).
The fastest growing import markets in Washing and Bottling Machines for United States between 2020 and 2021 were Germany ($175M), Italy ($162M), and Canada ($121M).
Tariffs In 2017, the average tariff for United States in Washing and Bottling Machines was 0.13%. The countries with the highest import tariffs for Washing and Bottling Machines were South Korea (Preferential tariff for Korea, Republic of, 0.9%), Burundi (Most Favoured Nation duty rate treatment, 0.18%), Democratic Republic of the Congo (Most Favoured Nation duty rate treatment, 0.18%), Algeria (Most Favoured Nation duty rate treatment, 0.18%), and Egypt (Most Favoured Nation duty rate treatment, 0.18%).
March 2023
Overview In March 2023 United States' Washing and Bottling Machines exports accounted up to $142M and imports accounted up to $424M, resulting in a negative trade balance of $283M. Between March 2022 and March 2023 the exports of United States' Washing and Bottling Machines have increased by $13.8M (10.8%) from $128M to $142M, while imports decreased by $-17M (-3.84%) from $441M to $424M.
Destinations In March 2023, Washing and Bottling Machines were exported mostly to Canada ($58.4M), Mexico ($16.2M), Spain ($8.6M), Germany ($6.3M), and India ($4.6M), and were imported mostly from Germany ($91.8M), Italy ($74.9M), Canada ($56.8M), China ($32.5M), and South Korea ($26.9M).
Growth In March 2023, the increase in Washing and Bottling Machines's year-by-year exports was explained primarily by an increase in exports to Italy ($2.97M or 607%), Spain ($2.48M or 360%), and Taiwan ($770k or 417%). In March 2023, the decrease in Washing and Bottling Machines's year-by-year imports was explained primarily by a decrease in imports from Germany ($-41M or -32.3%), Italy ($-13.7M or -12.9%), and Canada ($-7.53M or -18.1%).
EXPORT GROWTH (March 2022 - March 2023): $13.8M, (10.8%)
IMPORT GROWTH (March 2022 - March 2023): $-17M, (-3.84%)
MAIN EXPORTER (March 2023): Ohio, $17.4M
MAIN DESTINATION (March 2023): Canada, $58.4M
This section shows Washing and Bottling Machines'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 Washing and Bottling Machines over time.
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EXPORTS (2021): $1.23B
IMPORTS (2021): $5.53B
NET TRADE (2021): -$4.3B
In 2021, United States exported $1.23B in Washing and Bottling Machines. The main destinations of United States exports on Washing and Bottling Machines were Canada ($489M), Mexico ($143M), Germany ($54.5M), United Kingdom ($51.9M), and China ($50.1M).
In 2021, United States imported $5.53B in Washing and Bottling Machines, mainly from Germany ($1.31B), Italy ($980M), Canada ($639M), China ($517M), and South Korea ($296M).
THE FASTEST GROWING Washing and Bottling Machines EXPORT MARKETS FOR United States WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Washing and Bottling Machines BY United States WERE (2020 - 2021):
In 2021, United States's main exporting competitors in Washing and Bottling Machines were:
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