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2023
Exports $248MWorld Rnk 4 / 200
Flag Rnk 525 / 1217
2023
Destination $24.7M Canada
2022 - 2023
FASTEST GROWING MARKET $24.7MSouth Korea
2023
PRODUCT COMPLEXITY IN Scales0.99Rnk 177 / 1025
2023
Imports $848MWorld Rnk 1 / 220
Flag Rnk 413 / 1215
2023
Origin $16.1M China
2022 - 2023
FASTEST GROWING ORIGIN $16.1MSouth Korea
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $248M in Scales, making it the 4th largest exporter of Scales in the world. At the same year, Scales was the 525th most exported product in United States. The main destination of Scales exports from United States are: Canada ($68M), Mexico ($60.8M), South Korea ($26.5M), Germany ($6.76M), and Australia ($5.09M).

The fastest growing export markets for Scales of United States between 2022 and 2023 were South Korea ($24.7M), Canada ($13.5M), and Mexico ($6.77M).

Imports In 2023, United States imported $848M in Scales, becoming the 1st largest importer of Scales in the world. At the same year, Scales was the 413th most imported product in United States. United States imports Scales primarily from: China ($332M), Mexico ($114M), Germany ($99.3M), Japan ($96.9M), and South Korea ($33.9M).

The fastest growing import markets in Scales for United States between 2022 and 2023 were South Korea ($16.1M), Mexico ($11.9M), and Italy ($5.19M).

COMPANIES In 2023, leading companies such as CrimsonLogic (6.2k), Hankook Tires (231), and Amazon (149) were at the forefront of shipping Scales to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Scales exports accounted up to $34.6M and imports accounted up to $71.8M, resulting in a negative trade balance of $37.2M. Between November 2023 and November 2024 the exports of United States'   Scales have increased by $6.28M (22.2%) from $28.3M to $34.6M, while imports increased by $8.14M (12.8%) from $63.7M to $71.8M.

Destinations In November 2024, Scales were exported mostly to Canada ($7.95M), Mexico ($7.23M), Chinese Taipei ($3.12M), Denmark ($3.02M), and South Korea ($2.67M), and were imported mostly from China ($31.1M), Mexico ($9.61M), Japan ($9.11M), Germany ($5.74M), and South Korea ($4.74M).

Growth In November 2024, the increase in Scales's year-by-year exports was explained primarily by an increase in exports to Mexico ($3.37M or 67.8%), Canada ($1.95M or 23.4%), and Germany ($723k or 79.1%). In November 2024, the increase in Scales's year-by-year imports was explained primarily by an increase in imports from Netherlands ($2.95M or 858%), Germany ($2.69M or 35.1%), and Mexico ($1.43M or 19.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$6.28M(22.2%)
IMPORT GROWTH (November 2023 - November 2024)$8.14M(12.8%)
MAIN EXPORTER (November 2024)Texas$76.9M
MAIN DESTINATION (November 2024)Canada$7.95M

This section shows Scales'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 Scales over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$248M
IMPORTS (2023)$848M
NET TRADE (2023)-$600M

In 2023, United States exported $248M in Scales. The main destinations of United States exports on Scales were Canada ($68M), Mexico ($60.8M), South Korea ($26.5M), Germany ($6.76M), and Australia ($5.09M).

In 2023, United States imported $848M in Scales, mainly from China ($332M), Mexico ($114M), Germany ($99.3M), Japan ($96.9M), and South Korea ($33.9M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Scales EXPORT MARKETS FOR United States WERE (2022 - 2023):
South Korea$24.7M (1.33k%)
Canada$13.5M (24.8%)
Mexico$6.77M (12.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scales BY United States WERE (2022 - 2023):
China-$4.31M (-46.8%)
Netherlands-$1.31M (-25.1%)
Venezuela-$1.24M (-68.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Scales were:
China $1.76B
Germany $654M
Japan $285M
In 2023, United States's main importing competitors in Scales were:
Germany $256M
Netherlands $203M

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Trade Value of Scales by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.98M
TOP IMPORT POTENTIALCanada+ $11.6M

Scales’s highest export potential is China. With an export gap of $3.98M.   Scales’s highest import potential is Canada with an import gap of $11.6M.

See methodology.

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