Electrical Lighting and Signalling Equipment in United States | The Observatory of Economic Complexity

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Exports In 2023, United States exported $2.02B in Electrical Lighting and Signalling Equipment, making it the 5th largest exporter of Electrical Lighting and Signalling Equipment in the world. At the same year, Electrical Lighting and Signalling Equipment was the 149th most exported product in United States. The main destination of Electrical Lighting and Signalling Equipment exports from United States are: Canada ($900M), Mexico ($721M), China ($54.7M), Germany ($38.7M), and Brazil ($34.6M).

The fastest growing export markets for Electrical Lighting and Signalling Equipment of United States between 2022 and 2023 were Canada ($195M), Mexico ($75M), and Saudi Arabia ($4.88M).

Imports In 2023, United States imported $7.44B in Electrical Lighting and Signalling Equipment, becoming the 1st largest importer of Electrical Lighting and Signalling Equipment in the world. At the same year, Electrical Lighting and Signalling Equipment was the 80th most imported product in United States. United States imports Electrical Lighting and Signalling Equipment primarily from: Mexico ($3.36B), Chinese Taipei ($896M), South Korea ($605M), China ($574M), and Japan ($387M).

The fastest growing import markets in Electrical Lighting and Signalling Equipment for United States between 2022 and 2023 were Mexico ($379M), Canada ($39.2M), and Honduras ($36.3M).

COMPANIES In 2023, leading companies such as Volkswagen (3.26k), Volvo (415), and CrimsonLogic (334) were at the forefront of shipping Electrical Lighting and Signalling Equipment to the United States.

Latest Trends

November 2024

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Overview In November 2024 United States' Electrical Lighting and Signalling Equipment exports accounted up to $192M and imports accounted up to $506M, resulting in a negative trade balance of $313M. Between November 2023 and November 2024 the exports of United States' Electrical Lighting and Signalling Equipment have decreased by $-34M (-15%) from $226M to $192M, while imports decreased by $-117M (-18.8%) from $623M to $506M.

Destinations In November 2024, Electrical Lighting and Signalling Equipment were exported mostly to Canada ($86.7M), Mexico ($66.4M), Germany ($9.97M), Brazil ($4.21M), and Australia ($2.65M), and were imported mostly from Mexico ($220M), Chinese Taipei ($65.1M), South Korea ($43.2M), China ($38.8M), and Japan ($29M).

Growth In November 2024, the decrease in Electrical Lighting and Signalling Equipment's year-by-year exports was explained primarily by a decrease in exports to South Africa ($-816k or -11.3%), Japan ($-766k or -26.4%), and Spain ($-637k or -57.5%). In November 2024, the decrease in Electrical Lighting and Signalling Equipment's year-by-year imports was explained primarily by a decrease in imports from Chinese Taipei ($-16.9M or -20.2%), Japan ($-4.84M or -14.7%), and Vietnam ($-2.58M or -14.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (November 2023 - November 2024)$-34M(-15%)

IMPORT GROWTH (November 2023 - November 2024)$-117M(-18.8%)

MAIN EXPORTER (November 2024)Texas$46.8M

MAIN DESTINATION (November 2024)Canada$86.7M

This section shows Electrical Lighting and Signalling Equipment'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 Electrical Lighting and Signalling Equipment over time.

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