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2022
Exports $4.51BWorld Rnk 3 / 209
Flag Rnk 81 / 1217
2022
Destination $247M Canada
2021 - 2022
FASTEST GROWING MARKET $247MMexico
2022
PRODUCT COMPLEXITY IN Other Heating Machinery1.15Rnk 116 / 1025
2022
Imports $7.45BWorld Rnk 1 / 225
Flag Rnk 84 / 1216
2022
Origin $181M Mexico
2021 - 2022
FASTEST GROWING ORIGIN $181MCanada
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $4.51B in Other Heating Machinery, making it the 3rd largest exporter of Other Heating Machinery in the world. At the same year, Other Heating Machinery was the 81st most exported product in United States. The main destination of Other Heating Machinery exports from United States are: Canada ($1.09B), Mexico ($711M), Germany ($228M), China ($224M), and United Kingdom ($203M).

The fastest growing export markets for Other Heating Machinery of United States between 2021 and 2022 were Mexico ($247M), Canada ($136M), and Qatar ($67.9M).

Imports In 2022, United States imported $7.45B in Other Heating Machinery, becoming the 1st largest importer of Other Heating Machinery in the world. At the same year, Other Heating Machinery was the 84th most imported product in United States. United States imports Other Heating Machinery primarily from: Mexico ($1.38B), China ($975M), Canada ($847M), Germany ($763M), and Japan ($686M).

The fastest growing import markets in Other Heating Machinery for United States between 2021 and 2022 were Canada ($181M), Japan ($177M), and Mexico ($148M).

COMPANIES In 2023, leading companies such as Medical Depot (2.16k), Baxter Healthcare (522), and Michael Kors (217) were at the forefront of shipping Other Heating Machinery to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Other Heating Machinery exports accounted up to $424M and imports accounted up to $817M, resulting in a negative trade balance of $393M. Between August 2023 and August 2024 the exports of United States'   Other Heating Machinery have increased by $15.8M (3.88%) from $408M to $424M, while imports increased by $183M (28.8%) from $635M to $817M.

Destinations In August 2024, Other Heating Machinery were exported mostly to Canada ($135M), Mexico ($75.4M), Germany ($23.1M), China ($22.5M), and United Kingdom ($15.1M), and were imported mostly from Mexico ($146M), China ($106M), Germany ($88.4M), Canada ($78.9M), and South Korea ($63M).

Growth In August 2024, the increase in Other Heating Machinery's year-by-year exports was explained primarily by an increase in exports to Algeria ($14.9M or 1.63k%), Mexico ($14.8M or 42.3%), and Bahamas ($4.54M or 892%). In August 2024, the increase in Other Heating Machinery's year-by-year imports was explained primarily by an increase in imports from Canada ($51.4M or 113%), Germany ($22M or 38.3%), and Japan ($13.7M or 33.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$15.8M(3.88%)
IMPORT GROWTH (August 2023 - August 2024)$183M(28.8%)
MAIN EXPORTER (August 2024)Pennsylvania$102M
MAIN DESTINATION (August 2024)Canada$135M

This section shows Other Heating Machinery'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 Other Heating Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$4.51B
IMPORTS (2022)$7.45B
NET TRADE (2022)-$2.94B

In 2022, United States exported $4.51B in Other Heating Machinery. The main destinations of United States exports on Other Heating Machinery were Canada ($1.09B), Mexico ($711M), Germany ($228M), China ($224M), and United Kingdom ($203M).

In 2022, United States imported $7.45B in Other Heating Machinery, mainly from Mexico ($1.38B), China ($975M), Canada ($847M), Germany ($763M), and Japan ($686M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Heating Machinery EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$247M (53.2%)
Canada$136M (14.2%)
Qatar$67.9M (575%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Heating Machinery BY United States WERE (2021 - 2022):
Russia-$33.9M (-85.1%)
United Arab Emirates-$22M (-29.6%)
China-$17.5M (-7.27%)
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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 Other Heating Machinery were:
China $8.12B
Germany $5.79B
In 2022, United States's main importing competitors in Other Heating Machinery were:
Germany $3.38B
China $2.56B

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Trade Value of Other Heating Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $93.5M
TOP IMPORT POTENTIALChina+ $278M

Other Heating Machinery’s highest export potential is China. With an export gap of $93.5M.   Other Heating Machinery’s highest import potential is China with an import gap of $278M.

See methodology.

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