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2022
Exports $4.96BWorld Rnk 3 / 218
Flag Rnk 73 / 1217
2022
Destination $474M Mexico
2021 - 2022
FASTEST GROWING MARKET $474MMexico
2022
PRODUCT COMPLEXITY IN Electrical Power Accessories0.91Rnk 204 / 1025
2022
Imports $4.94BWorld Rnk 1 / 225
Flag Rnk 117 / 1216
2022
Origin $214M Mexico
2021 - 2022
FASTEST GROWING ORIGIN $214MMexico
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $4.96B in Electrical Power Accessories, making it the 3rd largest exporter of Electrical Power Accessories in the world. At the same year, Electrical Power Accessories was the 73rd most exported product in United States. The main destination of Electrical Power Accessories exports from United States are: Mexico ($3.12B), Canada ($281M), China ($236M), Dominican Republic ($143M), and Germany ($105M).

The fastest growing export markets for Electrical Power Accessories of United States between 2021 and 2022 were Mexico ($474M), Venezuela ($56.3M), and Germany ($14.8M).

Imports In 2022, United States imported $4.94B in Electrical Power Accessories, becoming the 1st largest importer of Electrical Power Accessories in the world. At the same year, Electrical Power Accessories was the 117th most imported product in United States. United States imports Electrical Power Accessories primarily from: Mexico ($1.68B), China ($783M), Germany ($426M), Japan ($246M), and India ($244M).

The fastest growing import markets in Electrical Power Accessories for United States between 2021 and 2022 were Mexico ($214M), China ($120M), and India ($67.7M).

COMPANIES In 2023, leading companies such as TE Connectivity (326), CONTINENTAL AUTOMOTIVE SYSTEMS, INC (314), and Robert Bosch (241) were at the forefront of shipping Electrical Power Accessories to the United States.

Latest Trends

September 2024

About

Overview In September 2024 United States' Electrical Power Accessories exports accounted up to $379M and imports accounted up to $357M, resulting in a positive trade balance of $21.8M. Between September 2023 and September 2024 the exports of United States'   Electrical Power Accessories have decreased by $-63M (-14.3%) from $442M to $379M, while imports increased by $12M (3.47%) from $345M to $357M.

Destinations In September 2024, Electrical Power Accessories were exported mostly to Mexico ($219M), Canada ($27.9M), China ($14.5M), Dominican Republic ($9.38M), and Germany ($7.21M), and were imported mostly from Mexico ($114M), China ($44.7M), India ($26.5M), Germany ($25.3M), and Italy ($17.2M).

Growth In September 2024, the decrease in Electrical Power Accessories's year-by-year exports was explained primarily by a decrease in exports to Hong Kong ($-2.7M or -54.6%), Costa Rica ($-1.58M or -35.5%), and Vietnam ($-1.25M or -58.7%). In September 2024, the increase in Electrical Power Accessories's year-by-year imports was explained primarily by an increase in imports from Mexico ($34.5M or 39.2%), Germany ($6.16M or 31.4%), and India ($6.02M or 44.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-63M(-14.3%)
IMPORT GROWTH (September 2023 - September 2024)$12M(3.47%)
MAIN EXPORTER (September 2024)Texas$123M
MAIN DESTINATION (September 2024)Mexico$219M

This section shows Electrical Power Accessories'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 Power Accessories over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$4.96B
IMPORTS (2022)$4.94B
NET TRADE (2022)$25.5M

In 2022, United States exported $4.96B in Electrical Power Accessories. The main destinations of United States exports on Electrical Power Accessories were Mexico ($3.12B), Canada ($281M), China ($236M), Dominican Republic ($143M), and Germany ($105M).

In 2022, United States imported $4.94B in Electrical Power Accessories, mainly from Mexico ($1.68B), China ($783M), Germany ($426M), Japan ($246M), and India ($244M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Power Accessories EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$474M (17.9%)
Venezuela$56.3M (6.59k%)
Germany$14.8M (16.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Power Accessories BY United States WERE (2021 - 2022):
China-$47M (-16.6%)
Hong Kong-$25.4M (-31.9%)
South Korea-$15.7M (-16.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Electrical Power Accessories were:
China $6.47B
Germany $6.36B
In 2022, United States's main importing competitors in Electrical Power Accessories were:
Mexico $4.2B
China $3.93B

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Trade Value of Electrical Power Accessories by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $115M
TOP IMPORT POTENTIALChina+ $166M

Electrical Power Accessories’s highest export potential is China. With an export gap of $115M.   Electrical Power Accessories’s highest import potential is China with an import gap of $166M.

See methodology.

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