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2023
Exports $849MWorld Rnk 2 / 189
Flag Rnk 266 / 1217
2023
Destination $24.6M Mexico
2022 - 2023
FASTEST GROWING MARKET $24.6MMexico
2023
PRODUCT COMPLEXITY IN Batteries0.58Rnk 335 / 1025
2023
Imports $1.24BWorld Rnk 1 / 223
Flag Rnk 324 / 1215
2023
Origin $80.4M China
2022 - 2023
FASTEST GROWING ORIGIN $80.4MSingapore
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $849M in Batteries, making it the 2nd largest exporter of Batteries in the world. At the same year, Batteries was the 266th most exported product in United States. The main destination of Batteries exports from United States are: Mexico ($168M), Canada ($141M), Singapore ($66.2M), Switzerland ($60.8M), and United Kingdom ($52.9M).

The fastest growing export markets for Batteries of United States between 2022 and 2023 were Mexico ($24.6M), Canada ($22.2M), and Singapore ($10M).

Imports In 2023, United States imported $1.24B in Batteries, becoming the 1st largest importer of Batteries in the world. At the same year, Batteries was the 324th most imported product in United States. United States imports Batteries primarily from: China ($358M), Singapore ($260M), Indonesia ($98M), Japan ($96.1M), and Israel ($58M).

The fastest growing import markets in Batteries for United States between 2022 and 2023 were Singapore ($80.4M), Indonesia ($18M), and France ($12.5M).

COMPANIES In 2023, leading companies such as Samsung (718), Ford Motor Company (222), and LG Electronics (196) were at the forefront of shipping Batteries to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Batteries exports accounted up to $80.9M and imports accounted up to $111M, resulting in a negative trade balance of $30.2M. Between November 2023 and November 2024 the exports of United States'   Batteries have decreased by $-796k (-0.97%) from $81.7M to $80.9M, while imports increased by $21.1M (23.5%) from $90M to $111M.

Destinations In November 2024, Batteries were exported mostly to Mexico ($13M), Canada ($11M), Switzerland ($6M), Dominican Republic ($5.24M), and Singapore ($4.9M), and were imported mostly from China ($39.7M), Indonesia ($13.1M), Singapore ($10.3M), Japan ($8.54M), and Israel ($6.33M).

Growth In November 2024, the decrease in Batteries's year-by-year exports was explained primarily by a decrease in exports to Italy ($-809k or -71.4%), Belgium ($-796k or -77.7%), and Malaysia ($-651k or -26.9%). In November 2024, the increase in Batteries's year-by-year imports was explained primarily by an increase in imports from France ($5.24M or 382%), Singapore ($2.86M or 10.2%), and China ($1.83M or 6.16%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-796k(-0.97%)
IMPORT GROWTH (November 2023 - November 2024)$21.1M(23.5%)
MAIN EXPORTER (November 2024)Minnesota$17.5M
MAIN DESTINATION (November 2024)Mexico$13M

This section shows Batteries'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 Batteries over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$849M
IMPORTS (2023)$1.24B
NET TRADE (2023)-$396M

In 2023, United States exported $849M in Batteries. The main destinations of United States exports on Batteries were Mexico ($168M), Canada ($141M), Singapore ($66.2M), Switzerland ($60.8M), and United Kingdom ($52.9M).

In 2023, United States imported $1.24B in Batteries, mainly from China ($358M), Singapore ($260M), Indonesia ($98M), Japan ($96.1M), and Israel ($58M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Batteries EXPORT MARKETS FOR United States WERE (2022 - 2023):
Mexico$24.6M (17.2%)
Canada$22.2M (18.6%)
Singapore$10M (17.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Batteries BY United States WERE (2022 - 2023):
Japan-$8.67M (-34.6%)
Honduras-$3.62M (-74%)
Malaysia-$3.56M (-10.3%)
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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 Batteries were:
China $3.11B
Germany $782M
In 2023, United States's main importing competitors in Batteries were:
Germany $662M
Mexico $413M

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Trade Value of Batteries by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $10.3M
TOP IMPORT POTENTIALChina+ $32.9M

Batteries’s highest export potential is Germany. With an export gap of $10.3M.   Batteries’s highest import potential is China with an import gap of $32.9M.

See methodology.

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