Buses in United States | The Observatory of Economic Complexity

About

Exports In 2022, United States exported $589M in Buses, making it the 7th largest exporter of Buses in the world. At the same year, Buses was the 351st most exported product in United States. The main destination of Buses exports from United States are: Canada ($460M), Mexico ($55.2M), Dominican Republic ($24.7M), Jordan ($7.54M), and United Arab Emirates ($4.36M).

The fastest growing export markets for Buses of United States between 2021 and 2022 were Mexico ($24.5M), Dominican Republic ($22.9M), and Jordan ($6.7M).

Imports In 2022, United States imported $714M in Buses, becoming the 3rd largest importer of Buses in the world. At the same year, Buses was the 465th most imported product in United States. United States imports Buses primarily from: Canada ($504M), North Macedonia ($71.5M), Belgium ($61.4M), Turkey ($39.3M), and Mexico ($15M).

The fastest growing import markets in Buses for United States between 2021 and 2022 were Belgium ($49.8M), North Macedonia ($39.2M), and Turkey ($30.8M).

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

August 2024

About

Overview In August 2024 United States' Buses exports accounted up to $90.1M and imports accounted up to $90.4M, resulting in a negative trade balance of $368k. Between August 2023 and August 2024 the exports of United States' Buses have increased by $10M (12.5%) from $80M to $90.1M, while imports decreased by $-14.9M (-14.1%) from $105M to $90.4M.

Destinations In August 2024, Buses were exported mostly to Canada ($74.2M), Mexico ($7.97M), Dominican Republic ($2.71M), Georgia ($1.67M), and Guatemala ($421k), and were imported mostly from Canada ($63.4M), Turkey ($14.7M), Mexico ($8.19M), North Macedonia ($3.81M), and China ($367k).

Growth In August 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 ($866k or 21.5%). In August 2024, the decrease in Buses's year-by-year imports was explained primarily by a decrease in imports from Malaysia ($-187k or -85.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2023 - August 2024)$10M(12.5%)

IMPORT GROWTH (August 2023 - August 2024)$-14.9M(-14.1%)

MAIN EXPORTER (August 2024)Minnesota$32.5M

MAIN DESTINATION (August 2024)Canada$74.2M

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

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$589M

IMPORTS (2022)$714M

NET TRADE (2022)-$125M

In 2022, United States exported $589M in Buses. The main destinations of United States exports on Buses were Canada ($460M), Mexico ($55.2M), Dominican Republic ($24.7M), Jordan ($7.54M), and United Arab Emirates ($4.36M).

In 2022, United States imported $714M in Buses, mainly from Canada ($504M), North Macedonia ($71.5M), Belgium ($61.4M), Turkey ($39.3M), and Mexico ($15M).

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