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2023
Exports $6.48BWorld Rnk 3 / 222
Flag Rnk 47 / 1217
2023
Destination $175M Mexico
2022 - 2023
FASTEST GROWING MARKET $175MBahrain
2023
PRODUCT COMPLEXITY IN Engine Parts1.05Rnk 160 / 1025
2023
Imports $11.8BWorld Rnk 1 / 224
Flag Rnk 50 / 1215
2023
Origin $202M Mexico
2022 - 2023
FASTEST GROWING ORIGIN $202MMexico
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $6.48B in Engine Parts, making it the 3rd largest exporter of Engine Parts in the world. At the same year, Engine Parts was the 47th most exported product in United States. The main destination of Engine Parts exports from United States are: Mexico ($2.03B), Canada ($1.36B), Germany ($224M), Japan ($222M), and Brazil ($221M).

The fastest growing export markets for Engine Parts of United States between 2022 and 2023 were Bahrain ($175M), Mexico ($167M), and Canada ($144M).

Imports In 2023, United States imported $11.8B in Engine Parts, becoming the 1st largest importer of Engine Parts in the world. At the same year, Engine Parts was the 50th most imported product in United States. United States imports Engine Parts primarily from: Mexico ($3.9B), Japan ($1.47B), China ($1.33B), Germany ($1.25B), and Canada ($758M).

The fastest growing import markets in Engine Parts for United States between 2022 and 2023 were Mexico ($202M), Canada ($41.1M), and Italy ($32M).

COMPANIES In 2023, leading companies such as Rolls-Royce (2.19k), Cummins Jaw Warehouse (1.22k), and Telamon (1.17k) were at the forefront of shipping Engine Parts to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Engine Parts exports accounted up to $462M and imports accounted up to $887M, resulting in a negative trade balance of $425M. Between November 2023 and November 2024 the exports of United States'   Engine Parts have decreased by $-22.9M (-4.72%) from $485M to $462M, while imports decreased by $-18.1M (-2%) from $906M to $887M.

Destinations In November 2024, Engine Parts were exported mostly to Mexico ($144M), Canada ($103M), United Kingdom ($23.4M), Australia ($17.5M), and Japan ($14.1M), and were imported mostly from Mexico ($304M), Japan ($123M), China ($93.5M), Germany ($82.5M), and Canada ($56.4M).

Growth In November 2024, the decrease in Engine Parts's year-by-year exports was explained primarily by a decrease in exports to United Kingdom ($-7.24M or -42.5%), Germany ($-3.47M or -25.2%), and Belgium ($-2.76M or -20.5%). In November 2024, the decrease in Engine Parts's year-by-year imports was explained primarily by a decrease in imports from Japan ($-19.6M or -17.1%), Germany ($-7.33M or -8.99%), and Hungary ($-3.25M or -69%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-22.9M(-4.72%)
IMPORT GROWTH (November 2023 - November 2024)$-18.1M(-2%)
MAIN EXPORTER (November 2024)Michigan$79.9M
MAIN DESTINATION (November 2024)Mexico$144M

This section shows Engine Parts'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 Engine Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$6.48B
IMPORTS (2023)$11.8B
NET TRADE (2023)-$5.36B

In 2023, United States exported $6.48B in Engine Parts. The main destinations of United States exports on Engine Parts were Mexico ($2.03B), Canada ($1.36B), Germany ($224M), Japan ($222M), and Brazil ($221M).

In 2023, United States imported $11.8B in Engine Parts, mainly from Mexico ($3.9B), Japan ($1.47B), China ($1.33B), Germany ($1.25B), and Canada ($758M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Engine Parts EXPORT MARKETS FOR United States WERE (2022 - 2023):
Bahrain$175M (4.57k%)
Mexico$167M (8.96%)
Canada$144M (11.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Engine Parts BY United States WERE (2022 - 2023):
South Korea-$28.6M (-52.4%)
Ethiopia-$24.3M (-97.2%)
Japan-$20.5M (-8.48%)
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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 Engine Parts were:
Germany $13.7B
China $7.81B
In 2023, United States's main importing competitors in Engine Parts were:
Germany $6.71B
Mexico $4.3B

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Trade Value of Engine Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $110M
TOP IMPORT POTENTIALChina+ $323M

Engine Parts’s highest export potential is China. With an export gap of $110M.   Engine Parts’s highest import potential is China with an import gap of $323M.

See methodology.

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