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2023
Exports $5.13BWorld Rnk 6 / 212
Flag Rnk 64 / 1217
2023
Destination $599M Canada
2022 - 2023
FASTEST GROWING MARKET $599MMexico
2023
PRODUCT COMPLEXITY IN Electric Batteries1.17Rnk 118 / 1025
2023
Imports $26.7BWorld Rnk 2 / 224
Flag Rnk 17 / 1215
2023
Origin $3.66B China
2022 - 2023
FASTEST GROWING ORIGIN $3.66BChina
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $5.13B in Electric Batteries, making it the 6th largest exporter of Electric Batteries in the world. At the same year, Electric Batteries was the 64th most exported product in United States. The main destination of Electric Batteries exports from United States are: Canada ($1.27B), Mexico ($1.09B), Australia ($467M), United Kingdom ($358M), and South Korea ($256M).

The fastest growing export markets for Electric Batteries of United States between 2022 and 2023 were Mexico ($599M), Canada ($293M), and Australia ($227M).

Imports In 2023, United States imported $26.7B in Electric Batteries, becoming the 2nd largest importer of Electric Batteries in the world. At the same year, Electric Batteries was the 17th most imported product in United States. United States imports Electric Batteries primarily from: China ($13.8B), South Korea ($4.42B), Japan ($1.73B), Mexico ($1.44B), and Germany ($1.38B).

The fastest growing import markets in Electric Batteries for United States between 2022 and 2023 were China ($3.66B), Hungary ($428M), and Poland ($250M).

COMPANIES In 2023, leading companies such as Samsung (554), General Motors (386), and LG Electronics (113) were at the forefront of shipping Electric Batteries to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Electric Batteries exports accounted up to $683M and imports accounted up to $3.17B, resulting in a negative trade balance of $2.48B. Between November 2023 and November 2024 the exports of United States'   Electric Batteries have increased by $160M (30.6%) from $523M to $683M, while imports increased by $458M (16.9%) from $2.71B to $3.17B.

Destinations In November 2024, Electric Batteries were exported mostly to Mexico ($321M), Canada ($147M), Australia ($47.4M), South Korea ($24.7M), and Germany ($22.5M), and were imported mostly from China ($1.87B), Japan ($259M), South Korea ($191M), Canada ($151M), and Mexico ($148M).

Growth In November 2024, the increase in Electric Batteries's year-by-year exports was explained primarily by an increase in exports to South Korea ($26.2M or 302%), Canada ($18.8M or 18.8%), and Australia ($16.1M or 132%). In November 2024, the increase in Electric Batteries's year-by-year imports was explained primarily by an increase in imports from China ($965M or 144%), South Korea ($216M or 91.7%), and Japan ($77.5M or 45.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$160M(30.6%)
IMPORT GROWTH (November 2023 - November 2024)$458M(16.9%)
MAIN EXPORTER (November 2024)Michigan$376M
MAIN DESTINATION (November 2024)Mexico$321M

This section shows Electric 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 Electric Batteries over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$5.13B
IMPORTS (2023)$26.7B
NET TRADE (2023)-$21.6B

In 2023, United States exported $5.13B in Electric Batteries. The main destinations of United States exports on Electric Batteries were Canada ($1.27B), Mexico ($1.09B), Australia ($467M), United Kingdom ($358M), and South Korea ($256M).

In 2023, United States imported $26.7B in Electric Batteries, mainly from China ($13.8B), South Korea ($4.42B), Japan ($1.73B), Mexico ($1.44B), and Germany ($1.38B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Batteries EXPORT MARKETS FOR United States WERE (2022 - 2023):
Mexico$599M (122%)
Canada$293M (29.9%)
Australia$227M (94.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Batteries BY United States WERE (2022 - 2023):
Belgium-$25.3M (-49.6%)
Slovenia-$15.6M (-72.1%)
Poland-$11.6M (-19.8%)
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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 Electric Batteries were:
China $80B
Poland $12.7B
South Korea $10B
In 2023, United States's main importing competitors in Electric Batteries were:
Germany $29B
South Korea $9.39B

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Trade Value of Electric Batteries by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $109M
TOP IMPORT POTENTIALMexico+ $352M

Electric Batteries’s highest export potential is Germany. With an export gap of $109M.   Electric Batteries’s highest import potential is Mexico with an import gap of $352M.

See methodology.

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