2023
Exports
$2.5BWorld Rnk 3 / 186
Flag Rnk 124 / 1217
2023
PRODUCT COMPLEXITY IN Electric Generating Sets
0.35Rnk 440 / 1025
2023
Imports
$2.31BWorld Rnk 1 / 223
Flag Rnk 211 / 1215
2023
ECONOMIC COMPLEXITY of United States
1.5Rnk 10 / 132

About

Exports In 2023, United States exported $2.5B in Electric Generating Sets, making it the 3rd largest exporter of Electric Generating Sets in the world. At the same year, Electric Generating Sets was the 124th most exported product in United States. The main destination of Electric Generating Sets exports from United States are: Canada ($597M), Mexico ($289M), Brazil ($208M), United Kingdom ($114M), and United Arab Emirates ($107M).

The fastest growing export markets for Electric Generating Sets of United States between 2022 and 2023 were Brazil ($172M), Mexico ($127M), and United Kingdom ($46.1M).

Imports In 2023, United States imported $2.31B in Electric Generating Sets, becoming the 1st largest importer of Electric Generating Sets in the world. At the same year, Electric Generating Sets was the 211th most imported product in United States. United States imports Electric Generating Sets primarily from: China ($543M), Vietnam ($221M), France ($182M), Japan ($166M), and Germany ($156M).

The fastest growing import markets in Electric Generating Sets for United States between 2022 and 2023 were France ($173M), United Kingdom ($42.4M), and Brazil ($40.8M).

COMPANIES In 2023, leading companies such as Volvo (125), YAMAHA CORPORATION OF AMERICA (28), and CrimsonLogic (24) were at the forefront of shipping Electric Generating Sets to the United States.

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-55.4M(-16.9%)
IMPORT GROWTH (November 2023 - November 2024)$-33.3M(-16.1%)
MAIN EXPORTER (November 2024)Texas$92.5M
MAIN DESTINATION (November 2024)Ukraine$58.5M

This section shows Electric Generating Sets'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 Generating Sets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.5B
IMPORTS (2023)$2.31B
NET TRADE (2023)$192M

In 2023, United States exported $2.5B in Electric Generating Sets. The main destinations of United States exports on Electric Generating Sets were Canada ($597M), Mexico ($289M), Brazil ($208M), United Kingdom ($114M), and United Arab Emirates ($107M).

In 2023, United States imported $2.31B in Electric Generating Sets, mainly from China ($543M), Vietnam ($221M), France ($182M), Japan ($166M), and Germany ($156M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Generating Sets EXPORT MARKETS FOR United States WERE (2022 - 2023):
Brazil$172M (482%)
Mexico$127M (78.3%)
United Kingdom$46.1M (68.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Generating Sets BY United States WERE (2022 - 2023):
Israel-$69.4M (-59.4%)
Chad-$50.4M (-99.5%)
Germany-$38M (-57.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Electric Generating Sets were:
China $8.6B
Germany $2.94B
In 2023, United States's main importing competitors in Electric Generating Sets were:

Explore Visualizations

Trade Value of Electric Generating Sets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $21.3M
TOP IMPORT POTENTIALChina+ $117M

Electric Generating Sets’s highest export potential is China. With an export gap of $21.3M.   Electric Generating Sets’s highest import potential is China with an import gap of $117M.

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