Motor-working Tools in United States | The Observatory of Economic Complexity

About

Exports In 2022, United States exported $700M in Motor-working Tools, making it the 4th largest exporter of Motor-working Tools in the world. At the same year, Motor-working Tools was the 318th most exported product in United States. The main destination of Motor-working Tools exports from United States are: Canada ($162M), Mexico ($94.4M), Germany ($52.5M), Australia ($36.2M), and France ($35.8M).

The fastest growing export markets for Motor-working Tools of United States between 2021 and 2022 were United Kingdom ($11M), Germany ($10.3M), and Canada ($7.84M).

Imports In 2022, United States imported $1.76B in Motor-working Tools, becoming the 1st largest importer of Motor-working Tools in the world. At the same year, Motor-working Tools was the 271st most imported product in United States. United States imports Motor-working Tools primarily from: Chinese Taipei ($438M), China ($403M), Germany ($241M), Vietnam ($145M), and Sweden ($117M).

The fastest growing import markets in Motor-working Tools for United States between 2021 and 2022 were Sweden ($13.1M), Switzerland ($4.9M), and Poland ($3.26M).

COMPANIES In 2023, leading companies such as GLOBAL ETRADE SERVICES INC (1.06k), APEX TOOL GROUP, LLC. (463), and STIHL INCORPORATED (407) were at the forefront of shipping Motor-working Tools to the United States.

Latest Trends

February 2024

About

Overview In February 2024 United States' Motor-working Tools exports accounted up to $133M and imports accounted up to $508M, resulting in a negative trade balance of $375M. Between February 2023 and February 2024 the exports of United States' Motor-working Tools have increased by $12.6M (10.5%) from $120M to $133M, while imports decreased by $-19.3M (-3.65%) from $527M to $508M.

Destinations In February 2024, Motor-working Tools were exported mostly to Canada ($70.6M), Mexico ($15.9M), France ($6.14M), Germany ($4.63M), and Brazil ($3.81M), and were imported mostly from China ($185M), Vietnam ($105M), Mexico ($103M), Chinese Taipei ($31.3M), and Germany ($19.5M).

Growth In February 2024, the increase in Motor-working Tools's year-by-year exports was explained primarily by an increase in exports to France ($1.41M or 51.1%), Dominican Republic ($771k or 237%), and Ecuador ($716k or 205%). In February 2024, the decrease in Motor-working Tools's year-by-year imports was explained primarily by a decrease in imports from China ($-137M or -38.1%), Chinese Taipei ($-19.4M or -39.3%), and Mexico ($-7.94M or -8.98%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$12.6M(10.5%)

IMPORT GROWTH (February 2023 - February 2024)$-19.3M(-3.65%)

MAIN EXPORTER (February 2024)Indiana$26.1M

MAIN DESTINATION (February 2024)Canada$70.6M

This section shows Motor-working Tools'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 Motor-working Tools over time.

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