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2022
Exports $10.7BWorld Rnk 3 / 225
Flag Rnk 30 / 1217
2022
Destination $799M Mexico
2021 - 2022
FASTEST GROWING MARKET $799MMexico
2022
PRODUCT COMPLEXITY IN Low-voltage Protection Equipment0.56Rnk 342 / 1025
2022
Imports $14.8BWorld Rnk 1 / 226
Flag Rnk 35 / 1216
2022
Origin $633M Mexico
2021 - 2022
FASTEST GROWING ORIGIN $633MMexico
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $10.7B 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 30th most exported product in United States. The main destination of Low-voltage Protection Equipment exports from United States are: Mexico ($4.38B), Canada ($1.2B), China ($626M), Germany ($388M), and Hong Kong ($273M).

The fastest growing export markets for Low-voltage Protection Equipment of United States between 2021 and 2022 were Mexico ($799M), Canada ($203M), and Honduras ($47.6M).

Imports In 2022, United States imported $14.8B 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 35th most imported product in United States. United States imports Low-voltage Protection Equipment primarily from: Mexico ($4.18B), China ($3.1B), Germany ($1.35B), Japan ($806M), and Dominican Republic ($791M).

The fastest growing import markets in Low-voltage Protection Equipment for United States between 2021 and 2022 were Mexico ($633M), Germany ($136M), and Italy ($102M).

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

August 2024

About

Overview In August 2024 United States' Low-voltage Protection Equipment exports accounted up to $1.06B and imports accounted up to $1.26B, resulting in a negative trade balance of $200M. Between August 2023 and August 2024 the exports of United States'   Low-voltage Protection Equipment have decreased by $-9.61M (-0.9%) from $1.07B to $1.06B, while imports increased by $105M (9.1%) from $1.16B to $1.26B.

Destinations In August 2024, Low-voltage Protection Equipment were exported mostly to Mexico ($398M), Canada ($164M), China ($57.3M), Germany ($30.4M), and United Kingdom ($27.6M), and were imported mostly from Mexico ($411M), China ($195M), Japan ($70M), Germany ($63M), and Dominican Republic ($61.7M).

Growth In August 2024, the decrease in Low-voltage Protection Equipment's year-by-year exports was explained primarily by a decrease in exports to China ($-10M or -18.2%), France ($-5.85M or -23.2%), and Colombia ($-2.77M or -50.1%). In August 2024, the increase in Low-voltage Protection Equipment's year-by-year imports was explained primarily by an increase in imports from Mexico ($74.4M or 27.5%), Dominican Republic ($14.6M or 29.3%), and Italy ($9.81M or 45.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-9.61M(-0.9%)
IMPORT GROWTH (August 2023 - August 2024)$105M(9.1%)
MAIN EXPORTER (August 2024)Texas$264M
MAIN DESTINATION (August 2024)Mexico$398M

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 (2022)$10.7B
IMPORTS (2022)$14.8B
NET TRADE (2022)-$4.15B

In 2022, United States exported $10.7B in Low-voltage Protection Equipment. The main destinations of United States exports on Low-voltage Protection Equipment were Mexico ($4.38B), Canada ($1.2B), China ($626M), Germany ($388M), and Hong Kong ($273M).

In 2022, United States imported $14.8B in Low-voltage Protection Equipment, mainly from Mexico ($4.18B), China ($3.1B), Germany ($1.35B), Japan ($806M), and Dominican Republic ($791M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Low-voltage Protection Equipment EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$799M (22.3%)
Canada$203M (20.3%)
Honduras$47.6M (50.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Low-voltage Protection Equipment BY United States WERE (2021 - 2022):
Hong Kong-$69M (-20.2%)
Russia-$31.4M (-88.7%)
China-$25.5M (-3.91%)
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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 Low-voltage Protection Equipment were:
China $28.2B
Germany $16.4B
In 2022, United States's main importing competitors in Low-voltage Protection Equipment were:
China $11.6B
Germany $9.72B

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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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