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2023
Exports $895MWorld Rnk 3 / 190
Flag Rnk 259 / 1217
2023
Destination $53.9M Canada
2022 - 2023
FASTEST GROWING MARKET $53.9MCanada
2023
PRODUCT COMPLEXITY IN High-voltage Protection Equipment0.62Rnk 318 / 1025
2023
Imports $1.39BWorld Rnk 1 / 223
Flag Rnk 301 / 1215
2023
Origin $144M Mexico
2022 - 2023
FASTEST GROWING ORIGIN $144MMexico
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $895M in High-voltage Protection Equipment, making it the 3rd largest exporter of High-voltage Protection Equipment in the world. At the same year, High-voltage Protection Equipment was the 259th most exported product in United States. The main destination of High-voltage Protection Equipment exports from United States are: Canada ($243M), Mexico ($178M), South Korea ($44.4M), China ($36.2M), and Guyana ($29.8M).

The fastest growing export markets for High-voltage Protection Equipment of United States between 2022 and 2023 were Canada ($53.9M), Mexico ($38.7M), and Guyana ($28.9M).

Imports In 2023, United States imported $1.39B in High-voltage Protection Equipment, becoming the 1st largest importer of High-voltage Protection Equipment in the world. At the same year, High-voltage Protection Equipment was the 301st most imported product in United States. United States imports High-voltage Protection Equipment primarily from: Mexico ($719M), Canada ($133M), Germany ($107M), China ($94.1M), and Switzerland ($36.4M).

The fastest growing import markets in High-voltage Protection Equipment for United States between 2022 and 2023 were Mexico ($144M), Canada ($11.8M), and Germany ($11.4M).

COMPANIES In 2023, leading companies such as ABB Motors and Mechanical (582), TE Connectivity (73), and CrimsonLogic (56) were at the forefront of shipping High-voltage Protection Equipment to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' High-voltage Protection Equipment exports accounted up to $101M and imports accounted up to $138M, resulting in a negative trade balance of $37.4M. Between November 2023 and November 2024 the exports of United States'   High-voltage Protection Equipment have increased by $13M (14.8%) from $87.6M to $101M, while imports increased by $19.2M (16.1%) from $119M to $138M.

Destinations In November 2024, High-voltage Protection Equipment were exported mostly to Canada ($25.7M), Mexico ($19.4M), China ($5.63M), Peru ($5.03M), and South Korea ($4.26M), and were imported mostly from Mexico ($64.8M), Germany ($17.3M), Canada ($14.2M), China ($7.91M), and Italy ($5.34M).

Growth In November 2024, the increase in High-voltage Protection Equipment's year-by-year exports was explained primarily by an increase in exports to Canada ($3.7M or 21.9%), Brazil ($2.24M or 84.2%), and South Korea ($1.17M or 127%). In November 2024, the increase in High-voltage Protection Equipment's year-by-year imports was explained primarily by an increase in imports from Mexico ($12M or 29.7%), South Korea ($3.39M or 231%), and Canada ($3M or 40.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$13M(14.8%)
IMPORT GROWTH (November 2023 - November 2024)$19.2M(16.1%)
MAIN EXPORTER (November 2024)Pennsylvania$22M
MAIN DESTINATION (November 2024)Canada$25.7M

This section shows High-voltage Protection 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 High-voltage Protection Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$895M
IMPORTS (2023)$1.39B
NET TRADE (2023)-$498M

In 2023, United States exported $895M in High-voltage Protection Equipment. The main destinations of United States exports on High-voltage Protection Equipment were Canada ($243M), Mexico ($178M), South Korea ($44.4M), China ($36.2M), and Guyana ($29.8M).

In 2023, United States imported $1.39B in High-voltage Protection Equipment, mainly from Mexico ($719M), Canada ($133M), Germany ($107M), China ($94.1M), and Switzerland ($36.4M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING High-voltage Protection Equipment EXPORT MARKETS FOR United States WERE (2022 - 2023):
Canada$53.9M (28.5%)
Mexico$38.7M (27.8%)
Guyana$28.9M (3.19k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF High-voltage Protection Equipment BY United States WERE (2022 - 2023):
Brazil-$6.28M (-24.9%)
Singapore-$3.51M (-25.6%)
Australia-$2.36M (-13.9%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in High-voltage Protection Equipment were:
China $1.5B
Germany $1.36B
In 2023, United States's main importing competitors in High-voltage Protection Equipment were:
Saudi Arabia $743M
Germany $468M

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Trade Value of High-voltage Protection Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $15.6M
TOP IMPORT POTENTIALChina+ $39.9M

High-voltage Protection Equipment’s highest export potential is China. With an export gap of $15.6M.   High-voltage Protection Equipment’s highest import potential is China with an import gap of $39.9M.

See methodology.

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