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2023
Exports $364MWorld Rnk 3 / 185
Flag Rnk 437 / 1217
2023
Destination $3.5M Canada
2022 - 2023
FASTEST GROWING MARKET $3.5MCanada
2023
PRODUCT COMPLEXITY IN Cutting Blades1.39Rnk 64 / 1025
2023
Imports $498MWorld Rnk 1 / 221
Flag Rnk 523 / 1215
2023
Origin $20M Germany
2022 - 2023
FASTEST GROWING ORIGIN $20MItaly
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $364M in Cutting Blades, making it the 3rd largest exporter of Cutting Blades in the world. At the same year, Cutting Blades was the 437th most exported product in United States. The main destination of Cutting Blades exports from United States are: Canada ($88M), Mexico ($76M), Germany ($23.4M), Australia ($16.3M), and Brazil ($15.6M).

The fastest growing export markets for Cutting Blades of United States between 2022 and 2023 were Canada ($3.5M), Japan ($1.47M), and Kazakhstan ($1.25M).

Imports In 2023, United States imported $498M in Cutting Blades, becoming the 1st largest importer of Cutting Blades in the world. At the same year, Cutting Blades was the 523rd most imported product in United States. United States imports Cutting Blades primarily from: Germany ($98.5M), China ($54.8M), Canada ($39.4M), Italy ($37.2M), and Austria ($34.8M).

The fastest growing import markets in Cutting Blades for United States between 2022 and 2023 were Italy ($20M), Canada ($6.55M), and Austria ($5.79M).

COMPANIES In 2023, leading companies such as Ameziel (334), Itourscm (70), and Hongkong Xin Jie Technology (50) were at the forefront of shipping Cutting Blades to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Cutting Blades exports accounted up to $23.2M and imports accounted up to $37.9M, resulting in a negative trade balance of $14.7M. Between November 2023 and November 2024 the exports of United States'   Cutting Blades have decreased by $-2.24M (-8.8%) from $25.4M to $23.2M, while imports increased by $19.2k (0.051%) from $37.9M to $37.9M.

Destinations In November 2024, Cutting Blades were exported mostly to Canada ($7.5M), Mexico ($6M), Germany ($1.32M), Australia ($836k), and France ($733k), and were imported mostly from Germany ($7.23M), China ($4.69M), Austria ($4.06M), Vietnam ($2.75M), and Japan ($2.32M).

Growth In November 2024, the decrease in Cutting Blades's year-by-year exports was explained primarily by a decrease in exports to Netherlands ($-837k or -64.7%), China ($-279k or -64.6%), and Japan ($-271k or -34.8%). In November 2024, the increase in Cutting Blades's year-by-year imports was explained primarily by an increase in imports from Germany ($2.21M or 37.5%), United Kingdom ($1.37M or 128%), and Italy ($737k or 85%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-2.24M(-8.8%)
IMPORT GROWTH (November 2023 - November 2024)$19.2k(0.051%)
MAIN EXPORTER (November 2024)Illinois$3.88M
MAIN DESTINATION (November 2024)Canada$7.5M

This section shows Cutting Blades'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 Cutting Blades over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$364M
IMPORTS (2023)$498M
NET TRADE (2023)-$134M

In 2023, United States exported $364M in Cutting Blades. The main destinations of United States exports on Cutting Blades were Canada ($88M), Mexico ($76M), Germany ($23.4M), Australia ($16.3M), and Brazil ($15.6M).

In 2023, United States imported $498M in Cutting Blades, mainly from Germany ($98.5M), China ($54.8M), Canada ($39.4M), Italy ($37.2M), and Austria ($34.8M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cutting Blades EXPORT MARKETS FOR United States WERE (2022 - 2023):
Canada$3.5M (4.14%)
Japan$1.47M (12.7%)
Kazakhstan$1.25M (3.91k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cutting Blades BY United States WERE (2022 - 2023):
Australia-$6.03M (-27%)
Vietnam-$3.4M (-84%)
Chile-$3.22M (-55.4%)
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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 Cutting Blades were:
Germany $692M
China $679M
In 2023, United States's main importing competitors in Cutting Blades were:
Germany $298M
China $206M

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Trade Value of Cutting Blades by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $4.52M
TOP IMPORT POTENTIALChina+ $16.7M

Cutting Blades’s highest export potential is China. With an export gap of $4.52M.   Cutting Blades’s highest import potential is China with an import gap of $16.7M.

See methodology.

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