2022
Exports
$743MWorld Rnk 4 / 209
Flag Rnk 309 / 1217
2022
PRODUCT COMPLEXITY IN Padlocks
0.82Rnk 236 / 1025
2022
Imports
$3.22BWorld Rnk 1 / 223
Flag Rnk 174 / 1216
2022
ECONOMIC COMPLEXITY of United States
1.47Rnk 10 / 133

About

Exports In 2022, United States exported $743M in Padlocks, making it the 4th largest exporter of Padlocks in the world. At the same year, Padlocks was the 309th most exported product in United States. The main destination of Padlocks exports from United States are: Mexico ($329M), Canada ($196M), China ($23.4M), Germany ($14.3M), and India ($13.8M).

The fastest growing export markets for Padlocks of United States between 2021 and 2022 were Mexico ($31.5M), Canada ($17.8M), and Brazil ($3.03M).

Imports In 2022, United States imported $3.22B in Padlocks, becoming the 1st largest importer of Padlocks in the world. At the same year, Padlocks was the 174th most imported product in United States. United States imports Padlocks primarily from: Mexico ($1.13B), China ($939M), Chinese Taipei ($367M), Canada ($262M), and Germany ($93.2M).

The fastest growing import markets in Padlocks for United States between 2021 and 2022 were China ($108M), Mexico ($70.5M), and Chinese Taipei ($55.1M).

COMPANIES In 2023, leading companies such as Norwegian Cruise Line (411), CNH Industrial (141), and IKEA Group (93) were at the forefront of shipping Padlocks to the United States.

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-4.88M(-6.45%)
IMPORT GROWTH (June 2023 - June 2024)$-22.7M(-8.64%)
MAIN EXPORTER (June 2024)Texas$12M
MAIN DESTINATION (June 2024)Mexico$25.1M

This section shows Padlocks'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 Padlocks over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$743M
IMPORTS (2022)$3.22B
NET TRADE (2022)-$2.48B

In 2022, United States exported $743M in Padlocks. The main destinations of United States exports on Padlocks were Mexico ($329M), Canada ($196M), China ($23.4M), Germany ($14.3M), and India ($13.8M).

In 2022, United States imported $3.22B in Padlocks, mainly from Mexico ($1.13B), China ($939M), Chinese Taipei ($367M), Canada ($262M), and Germany ($93.2M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Padlocks EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$31.5M (10.6%)
Canada$17.8M (9.98%)
Brazil$3.03M (31.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Padlocks BY United States WERE (2021 - 2022):
China-$6.36M (-21.4%)
Thailand-$1.91M (-42.1%)
Singapore-$1.67M (-27.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Padlocks were:
China $5.34B
Germany $1.37B
Mexico $1.27B
In 2022, United States's main importing competitors in Padlocks were:

Explore Visualizations

Trade Value of Padlocks by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $12.1M
TOP IMPORT POTENTIALChina+ $75M

Padlocks’s highest export potential is China. With an export gap of $12.1M.   Padlocks’s highest import potential is China with an import gap of $75M.

See methodology.

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