2023
Exports
$9.69BWorld Rnk 3 / 226
Flag Rnk 29 / 1217
2023
PRODUCT COMPLEXITY IN Low-voltage Protection Equipment
0.68Rnk 294 / 1025
2023
Imports
$13.5BWorld Rnk 1 / 226
Flag Rnk 43 / 1215
2023
ECONOMIC COMPLEXITY of United States
1.5Rnk 10 / 132

About

Exports In 2023, United States exported $9.69B in Low-voltage Protection Equipment, making it the 3rd largest exporter of Low-voltage Protection Equipment in the world. At the same year, Low-voltage Protection Equipment was the 29th most exported product in United States. The main destination of Low-voltage Protection Equipment exports from United States are: Mexico ($3.43B), Canada ($912M), China ($527M), Germany ($457M), and United Kingdom ($394M).

The fastest growing export markets for Low-voltage Protection Equipment of United States between 2022 and 2023 were Mexico ($287M), United Kingdom ($177M), and Canada ($68.6M).

Imports In 2023, United States imported $13.5B in Low-voltage Protection Equipment, becoming the 1st largest importer of Low-voltage Protection Equipment in the world. At the same year, Low-voltage Protection Equipment was the 43rd most imported product in United States. United States imports Low-voltage Protection Equipment primarily from: Mexico ($4.14B), China ($2.25B), Germany ($988M), Dominican Republic ($741M), and Japan ($712M).

The fastest growing import markets in Low-voltage Protection Equipment for United States between 2022 and 2023 were Mexico ($257M), Italy ($83.7M), and Malaysia ($58M).

COMPANIES In 2023, leading companies such as TE Connectivity (1.34k), Cloud Network Technology (263), and Panasonic (244) were at the forefront of shipping Low-voltage Protection Equipment to the United States.

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-1.4M(-0.14%)
IMPORT GROWTH (November 2023 - November 2024)$141M(13.1%)
MAIN EXPORTER (November 2024)Texas$264M
MAIN DESTINATION (November 2024)Mexico$361M

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

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Historical Data

Trade Balance

Color
EXPORTS (2023)$9.69B
IMPORTS (2023)$13.5B
NET TRADE (2023)-$3.78B

In 2023, United States exported $9.69B in Low-voltage Protection Equipment. The main destinations of United States exports on Low-voltage Protection Equipment were Mexico ($3.43B), Canada ($912M), China ($527M), Germany ($457M), and United Kingdom ($394M).

In 2023, United States imported $13.5B in Low-voltage Protection Equipment, mainly from Mexico ($4.14B), China ($2.25B), Germany ($988M), Dominican Republic ($741M), and Japan ($712M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Low-voltage Protection Equipment EXPORT MARKETS FOR United States WERE (2022 - 2023):
Mexico$287M (9.13%)
United Kingdom$177M (81.6%)
Canada$68.6M (8.13%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Low-voltage Protection Equipment BY United States WERE (2022 - 2023):
Honduras-$117M (-83%)
Hong Kong-$45.4M (-16%)
Malaysia-$36.9M (-14.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Low-voltage Protection Equipment were:
China $24.8B
Germany $15.5B
In 2023, United States's main importing competitors in Low-voltage Protection Equipment were:
Germany $9.42B
China $8.39B

Explore Visualizations

Trade Value of Low-voltage Protection Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $260M
TOP IMPORT POTENTIALChina+ $706M

Low-voltage Protection Equipment’s highest export potential is China. With an export gap of $260M.   Low-voltage Protection Equipment’s highest import potential is China with an import gap of $706M.

See methodology.

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