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2022
Exports $17.1MWorld Rnk 6 / 125
Flag Rnk 1009 / 1217
2022
Destination $376k Canada
2021 - 2022
FASTEST GROWING MARKET $376kMexico
2022
Imports $51.8MWorld Rnk 1 / 197
Flag Rnk 965 / 1216
2022
Origin $1.05M China
2021 - 2022
FASTEST GROWING ORIGIN $1.05MSouth Korea
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $17.1M in Balances, making it the 6th largest exporter of Balances in the world. At the same year, Balances was the 1009th most exported product in United States. The main destination of Balances exports from United States are: Canada ($7.35M), Mexico ($1.95M), China ($1.31M), Germany ($751k), and United Kingdom ($575k).

The fastest growing export markets for Balances of United States between 2021 and 2022 were Mexico ($376k), Ghana ($207k), and Switzerland ($193k).

Imports In 2022, United States imported $51.8M in Balances, becoming the 1st largest importer of Balances in the world. At the same year, Balances was the 965th most imported product in United States. United States imports Balances primarily from: China ($19.9M), Germany ($17.2M), South Korea ($3.03M), Poland ($2.48M), and Switzerland ($2.26M).

The fastest growing import markets in Balances for United States between 2021 and 2022 were South Korea ($1.05M), Italy ($568k), and Switzerland ($388k).

COMPANIES In 2023, leading companies such as Bass Pro Shops (22), Hilti Power Tools (11), and ZF Friedrichshafen (3) were at the forefront of shipping Balances to the United States.

Latest Trends

October 2024

About

Overview In October 2024 United States' Balances exports accounted up to $2.81M and imports accounted up to $13.9M, resulting in a negative trade balance of $11M. Between October 2023 and October 2024 the exports of United States'   Balances have increased by $919k (48.5%) from $1.89M to $2.81M, while imports increased by $624k (4.72%) from $13.2M to $13.9M.

Destinations In October 2024, Balances were exported mostly to Canada ($1.02M), Brazil ($731k), Mexico ($409k), Germany ($102k), and China ($95k), and were imported mostly from Switzerland ($9.85M), China ($1.84M), Germany ($1.05M), Japan ($714k), and South Korea ($231k).

Growth In October 2024, the increase in Balances's year-by-year exports was explained primarily by an increase in exports to China ($345k or 176%), Peru ($314k or 679%), and Mexico ($89.5k or 31.6%). In October 2024, the increase in Balances's year-by-year imports was explained primarily by an increase in imports from Germany ($2.15M or 217%), South Korea ($399k or 875%), and Japan ($243k or 1.16k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$919k(48.5%)
IMPORT GROWTH (October 2023 - October 2024)$624k(4.72%)
MAIN EXPORTER (October 2024)Ohio$1.2M
MAIN DESTINATION (October 2024)Canada$1.02M

This section shows Balances'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 Balances over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$17.1M
IMPORTS (2022)$51.8M
NET TRADE (2022)-$34.7M

In 2022, United States exported $17.1M in Balances. The main destinations of United States exports on Balances were Canada ($7.35M), Mexico ($1.95M), China ($1.31M), Germany ($751k), and United Kingdom ($575k).

In 2022, United States imported $51.8M in Balances, mainly from China ($19.9M), Germany ($17.2M), South Korea ($3.03M), Poland ($2.48M), and Switzerland ($2.26M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Balances EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$376k (23.9%)
Ghana$207k (4.61k%)
Switzerland$193k (78.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Balances BY United States WERE (2021 - 2022):
United Kingdom-$178k (-23.6%)
Germany-$168k (-18.3%)
Japan-$140k (-77.8%)
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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 Balances were:
China $102M
Germany $101M
Netherlands $48.4M
In 2022, United States's main importing competitors in Balances were:
Germany $27.3M
India $26.3M

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Trade Value of Balances by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $427k
TOP IMPORT POTENTIALJapan+ $461k

Balances’s highest export potential is China. With an export gap of $427k.   Balances’s highest import potential is Japan with an import gap of $461k.

See methodology.

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