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2022
Exports $1.47BWorld Rnk 6 / 187
Flag Rnk 211 / 1217
2022
Destination $45.6M Mexico
2021 - 2022
FASTEST GROWING MARKET $45.6MMexico
2022
PRODUCT COMPLEXITY IN Rubberworking Machinery1.71Rnk 22 / 1025
2022
Imports $4BWorld Rnk 1 / 213
Flag Rnk 140 / 1216
2022
Origin $260M Germany
2021 - 2022
FASTEST GROWING ORIGIN $260MChina
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $1.47B in Rubberworking Machinery, making it the 6th largest exporter of Rubberworking Machinery in the world. At the same year, Rubberworking Machinery was the 211th most exported product in United States. The main destination of Rubberworking Machinery exports from United States are: Mexico ($373M), Canada ($259M), Germany ($132M), China ($123M), and United Kingdom ($41.7M).

The fastest growing export markets for Rubberworking Machinery of United States between 2021 and 2022 were Mexico ($45.6M), China ($22.8M), and United Kingdom ($12.1M).

Imports In 2022, United States imported $4B in Rubberworking Machinery, becoming the 1st largest importer of Rubberworking Machinery in the world. At the same year, Rubberworking Machinery was the 140th most imported product in United States. United States imports Rubberworking Machinery primarily from: Germany ($892M), China ($546M), Canada ($510M), Japan ($360M), and Austria ($353M).

The fastest growing import markets in Rubberworking Machinery for United States between 2021 and 2022 were China ($260M), Austria ($46.2M), and Malaysia ($27.3M).

COMPANIES In 2023, leading companies such as Danfoss (151), Hankook Tires (115), and John Deere (85) were at the forefront of shipping Rubberworking Machinery to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Rubberworking Machinery exports accounted up to $117M and imports accounted up to $304M, resulting in a negative trade balance of $187M. Between August 2023 and August 2024 the exports of United States'   Rubberworking Machinery have decreased by $-28.9M (-19.8%) from $146M to $117M, while imports increased by $8.83M (2.99%) from $295M to $304M.

Destinations In August 2024, Rubberworking Machinery were exported mostly to Mexico ($29.2M), Canada ($22.4M), Germany ($10.9M), China ($7.28M), and France ($5.95M), and were imported mostly from Germany ($85.3M), Austria ($39.7M), Canada ($32.6M), Japan ($30.4M), and Italy ($16.9M).

Growth In August 2024, the decrease in Rubberworking Machinery's year-by-year exports was explained primarily by a decrease in exports to China ($-8.51M or -59.6%), Germany ($-3.98M or -30.5%), and Japan ($-3.94M or -79.6%). In August 2024, the increase in Rubberworking Machinery's year-by-year imports was explained primarily by an increase in imports from Germany ($37.7M or 58.9%), Canada ($4.68M or 11.2%), and Croatia ($3.73M or 311%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-28.9M(-19.8%)
IMPORT GROWTH (August 2023 - August 2024)$8.83M(2.99%)
MAIN EXPORTER (August 2024)Texas$21.4M
MAIN DESTINATION (August 2024)Mexico$29.2M

This section shows Rubberworking 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 Rubberworking Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.47B
IMPORTS (2022)$4B
NET TRADE (2022)-$2.53B

In 2022, United States exported $1.47B in Rubberworking Machinery. The main destinations of United States exports on Rubberworking Machinery were Mexico ($373M), Canada ($259M), Germany ($132M), China ($123M), and United Kingdom ($41.7M).

In 2022, United States imported $4B in Rubberworking Machinery, mainly from Germany ($892M), China ($546M), Canada ($510M), Japan ($360M), and Austria ($353M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubberworking Machinery EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$45.6M (14%)
China$22.8M (22.8%)
United Kingdom$12.1M (40.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubberworking Machinery BY United States WERE (2021 - 2022):
Russia-$21.2M (-98%)
Germany-$15.7M (-10.6%)
Indonesia-$14.7M (-54.3%)
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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 Rubberworking Machinery were:
China $7.21B
Germany $5.5B
Japan $2.29B
In 2022, United States's main importing competitors in Rubberworking Machinery were:
China $2.82B
Germany $1.66B

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Trade Value of Rubberworking Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $47M
TOP IMPORT POTENTIALChina+ $171M

Rubberworking Machinery’s highest export potential is China. With an export gap of $47M.   Rubberworking Machinery’s highest import potential is China with an import gap of $171M.

See methodology.

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