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2023
Exports $773MWorld Rnk 7 / 151
Flag Rnk 284 / 1217
2023
Destination $155M Canada
2022 - 2023
FASTEST GROWING MARKET $155MCanada
2023
PRODUCT COMPLEXITY IN Buses0.24Rnk 481 / 1025
2023
Imports $1.17BWorld Rnk 3 / 212
Flag Rnk 335 / 1215
2023
Origin $238M Canada
2022 - 2023
FASTEST GROWING ORIGIN $238MCanada
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $773M in Buses, making it the 7th largest exporter of Buses in the world. At the same year, Buses was the 284th most exported product in United States. The main destination of Buses exports from United States are: Canada ($611M), Saudi Arabia ($40.2M), Mexico ($39.5M), United Arab Emirates ($22.6M), and Dominican Republic ($9.83M).

The fastest growing export markets for Buses of United States between 2022 and 2023 were Canada ($155M), Saudi Arabia ($38.9M), and Mexico ($20.7M).

Imports In 2023, United States imported $1.17B in Buses, becoming the 3rd largest importer of Buses in the world. At the same year, Buses was the 335th most imported product in United States. United States imports Buses primarily from: Canada ($741M), North Macedonia ($203M), Turkey ($79M), Germany ($58.6M), and Mexico ($56.5M).

The fastest growing import markets in Buses for United States between 2022 and 2023 were Canada ($238M), North Macedonia ($131M), and Germany ($58.3M).

COMPANIES In 2023, leading companies such as Kubota (2.24k), Volvo (121), and John Deere (36) were at the forefront of shipping Buses to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Buses exports accounted up to $83M and imports accounted up to $139M, resulting in a negative trade balance of $56.4M. Between November 2023 and November 2024 the exports of United States'   Buses have increased by $6.94M (9.12%) from $76.1M to $83M, while imports increased by $11.9M (9.31%) from $128M to $139M.

Destinations In November 2024, Buses were exported mostly to Canada ($66.8M), Mexico ($6.92M), Dominican Republic ($2.49M), Georgia ($1.88M), and Turkey ($891k), and were imported mostly from Canada ($90.8M), Turkey ($20.7M), Mexico ($15.6M), North Macedonia ($10.5M), and Portugal ($1.72M).

Growth In November 2024, the increase in Buses's year-by-year exports was explained primarily by an increase in exports to Canada ($14.4M or 64.9%), Dominican Republic ($1.98M or 1.8k%), and Mexico ($866k or 21.5%). In November 2024, the increase in Buses's year-by-year imports was explained primarily by an increase in imports from Canada ($18.5M or 64.2%), North Macedonia ($10.7M or 164%), and Turkey ($4.45M or 1.62k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$6.94M(9.12%)
IMPORT GROWTH (November 2023 - November 2024)$11.9M(9.31%)
MAIN EXPORTER (November 2024)Minnesota$32.5M
MAIN DESTINATION (November 2024)Canada$66.8M

This section shows Buses'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 Buses over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$773M
IMPORTS (2023)$1.17B
NET TRADE (2023)-$400M

In 2023, United States exported $773M in Buses. The main destinations of United States exports on Buses were Canada ($611M), Saudi Arabia ($40.2M), Mexico ($39.5M), United Arab Emirates ($22.6M), and Dominican Republic ($9.83M).

In 2023, United States imported $1.17B in Buses, mainly from Canada ($741M), North Macedonia ($203M), Turkey ($79M), Germany ($58.6M), and Mexico ($56.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Buses EXPORT MARKETS FOR United States WERE (2022 - 2023):
Canada$155M (34%)
Saudi Arabia$38.9M (3.01k%)
Mexico$20.7M (110%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Buses BY United States WERE (2022 - 2023):
Jordan-$7.26M (-98.2%)
Panama-$1.94M (-74.6%)
Aruba-$1.51M (-66.6%)
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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 Buses were:
China $3.94B
Turkey $2.49B
Japan $2.3B
In 2023, United States's main importing competitors in Buses were:
Germany $1.37B
Italy $1.34B

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Trade Value of Buses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $10.5M
TOP IMPORT POTENTIALTurkey+ $22.6M

Buses’s highest export potential is Mexico. With an export gap of $10.5M.   Buses’s highest import potential is Turkey with an import gap of $22.6M.

See methodology.

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