Machinery, mechanical appliances, & parts in United States | The Observatory of Economic Complexity

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Exports In 2023, United States exported $261B in Machinery, mechanical appliances, & parts, making it the 2nd largest exporter of Machinery, mechanical appliances, & parts in the world. At the same year, Machinery, mechanical appliances, & parts was the 2nd most exported product in United States. The main destination of Machinery, mechanical appliances, & parts exports from United States are: Canada ($38.9B), Mexico ($34.1B), China ($17.1B), Germany ($15.4B), and United Kingdom ($12.5B).

The fastest growing export markets for Machinery, mechanical appliances, & parts of United States between 2022 and 2023 were Canada ($3.79B), India ($1.67B), and Chinese Taipei ($1.16B).

Imports In 2023, United States imported $457B in Machinery, mechanical appliances, & parts, becoming the 1st largest importer of Machinery, mechanical appliances, & parts in the world. At the same year, Machinery, mechanical appliances, & parts was the 1st most imported product in United States. United States imports Machinery, mechanical appliances, & parts primarily from: China ($89B), Mexico ($78.7B), Japan ($34.8B), Chinese Taipei ($33.9B), and Germany ($33.7B).

The fastest growing import markets in Machinery, mechanical appliances, & parts for United States between 2022 and 2023 were Chinese Taipei ($5.49B), Vietnam ($4.55B), and Canada ($4.29B).

COMPANIES In 2023, leading companies such as CrimsonLogic (33.5k), Samsung (23.5k), and LG Electronics (16.7k) were at the forefront of shipping Machinery, mechanical appliances, & parts to the United States.

Latest Trends

November 2024

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Overview In November 2024 United States' Machinery, mechanical appliances, & parts exports accounted up to $21.2B and imports accounted up to $43.3B, resulting in a negative trade balance of $22B. Between November 2023 and November 2024 the exports of United States' Machinery, mechanical appliances, & parts have increased by $2.66B (14.3%) from $18.6B to $21.2B, while imports increased by $4.44B (11.4%) from $38.8B to $43.3B.

Destinations In November 2024, Machinery, mechanical appliances, & parts were exported mostly to Mexico ($4.26B), Canada ($3.84B), Netherlands ($993M), China ($958M), and Chinese Taipei ($817M), and were imported mostly from Mexico ($9.04B), China ($6.83B), Chinese Taipei ($4.33B), Japan ($2.95B), and Vietnam ($2.78B).

Growth In November 2024, the increase in Machinery, mechanical appliances, & parts's year-by-year exports was explained primarily by an increase in exports to Canada ($766M or 22.7%), Mexico ($385M or 11.4%), and Australia ($138M or 33.4%). In November 2024, the increase in Machinery, mechanical appliances, & parts's year-by-year imports was explained primarily by an increase in imports from Germany ($693M or 32.6%), Canada ($551M or 29.7%), and Mexico ($405M or 6.89%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (November 2023 - November 2024)$2.66B(14.3%)

IMPORT GROWTH (November 2023 - November 2024)$4.44B(11.4%)

MAIN EXPORTER (November 2024)Texas$4.39B

MAIN DESTINATION (November 2024)Mexico$4.26B

This section shows Machinery, mechanical appliances, & 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 Machinery, mechanical appliances, & parts over time.

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