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2022
Exports $647MWorld Rnk 4 / 93
Flag Rnk 329 / 1217
2022
Destination $43M Mexico
2021 - 2022
FASTEST GROWING MARKET $43MCanada
2022
PRODUCT COMPLEXITY IN Metalworking Transfer Machines2.21Rnk 2 / 1025
2022
Imports $1.5BWorld Rnk 2 / 169
Flag Rnk 314 / 1216
2022
Origin $109M Japan
2021 - 2022
FASTEST GROWING ORIGIN $109MJapan
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $647M in Metalworking Transfer Machines, making it the 4th largest exporter of Metalworking Transfer Machines in the world. At the same year, Metalworking Transfer Machines was the 329th most exported product in United States. The main destination of Metalworking Transfer Machines exports from United States are: Mexico ($188M), Canada ($113M), Belgium ($106M), India ($54.4M), and China ($29M).

The fastest growing export markets for Metalworking Transfer Machines of United States between 2021 and 2022 were Canada ($43M), Mexico ($25.4M), and China ($12.3M).

Imports In 2022, United States imported $1.5B in Metalworking Transfer Machines, becoming the 2nd largest importer of Metalworking Transfer Machines in the world. At the same year, Metalworking Transfer Machines was the 314th most imported product in United States. United States imports Metalworking Transfer Machines primarily from: Japan ($685M), Germany ($253M), South Korea ($164M), Chinese Taipei ($160M), and Italy ($57.5M).

The fastest growing import markets in Metalworking Transfer Machines for United States between 2021 and 2022 were Japan ($109M), Chinese Taipei ($55.9M), and South Korea ($49M).

COMPANIES In 2023, leading companies such as CrimsonLogic (19), GE RENEWABLES NORTH AMERICA LLC (17), and TE Connectivity (12) were at the forefront of shipping Metalworking Transfer Machines to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Metalworking Transfer Machines exports accounted up to $48.6M and imports accounted up to $123M, resulting in a negative trade balance of $74M. Between June 2023 and June 2024 the exports of United States'   Metalworking Transfer Machines have increased by $6.58M (15.6%) from $42M to $48.6M, while imports decreased by $-4.39M (-3.45%) from $127M to $123M.

Destinations In June 2024, Metalworking Transfer Machines were exported mostly to Mexico ($13.8M), Canada ($8.69M), Belgium ($8.13M), China ($3.87M), and United Kingdom ($3M), and were imported mostly from Japan ($48.7M), Germany ($33.3M), South Korea ($17.7M), Chinese Taipei ($7.43M), and Italy ($5.23M).

Growth In June 2024, the increase in Metalworking Transfer Machines's year-by-year exports was explained primarily by an increase in exports to Belgium ($9.71M or 208%), Mexico ($9.03M or 79.1%), and India ($1.24M or 58.7%). In June 2024, the decrease in Metalworking Transfer Machines's year-by-year imports was explained primarily by a decrease in imports from Singapore ($-124k or -9.53%) and Slovakia ($-24.6k or -17%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$6.58M(15.6%)
IMPORT GROWTH (June 2023 - June 2024)$-4.39M(-3.45%)
MAIN EXPORTER (June 2024)California$33.5M
MAIN DESTINATION (June 2024)Mexico$13.8M

This section shows Metalworking Transfer Machines'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 Metalworking Transfer Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$647M
IMPORTS (2022)$1.5B
NET TRADE (2022)-$858M

In 2022, United States exported $647M in Metalworking Transfer Machines. The main destinations of United States exports on Metalworking Transfer Machines were Mexico ($188M), Canada ($113M), Belgium ($106M), India ($54.4M), and China ($29M).

In 2022, United States imported $1.5B in Metalworking Transfer Machines, mainly from Japan ($685M), Germany ($253M), South Korea ($164M), Chinese Taipei ($160M), and Italy ($57.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metalworking Transfer Machines EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$43M (61.7%)
Mexico$25.4M (15.7%)
China$12.3M (73.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Transfer Machines BY United States WERE (2021 - 2022):
Belgium-$8.05M (-7.03%)
Belarus-$7.78M (-96%)
Turkey-$3.74M (-45%)
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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 Metalworking Transfer Machines were:
Japan $2.84B
Germany $1.79B
Chinese Taipei $1.13B
In 2022, United States's main importing competitors in Metalworking Transfer Machines were:
China $1.85B
Germany $559M

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Trade Value of Metalworking Transfer Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $22.1M
TOP IMPORT POTENTIALChina+ $11.4M

Metalworking Transfer Machines’s highest export potential is China. With an export gap of $22.1M.   Metalworking Transfer Machines’s highest import potential is China with an import gap of $11.4M.

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