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2022
Exports $135MWorld Rnk 5 / 175
Flag Rnk 683 / 1217
2022
Destination $30.5M Canada
2021 - 2022
FASTEST GROWING MARKET $30.5MCanada
2022
PRODUCT COMPLEXITY IN Sound Recording Equipment0.32Rnk 439 / 1025
2022
Imports $1.01BWorld Rnk 1 / 209
Flag Rnk 395 / 1216
2022
Origin $576M China
2021 - 2022
FASTEST GROWING ORIGIN $576MChina
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $135M in Sound Recording Equipment, making it the 5th largest exporter of Sound Recording Equipment in the world. At the same year, Sound Recording Equipment was the 683rd most exported product in United States. The main destination of Sound Recording Equipment exports from United States are: Canada ($37.6M), Germany ($14.3M), China ($11.2M), United Kingdom ($8.29M), and Mexico ($5.87M).

The fastest growing export markets for Sound Recording Equipment of United States between 2021 and 2022 were Canada ($30.5M), Germany ($11M), and China ($9.49M).

Imports In 2022, United States imported $1.01B in Sound Recording Equipment, becoming the 1st largest importer of Sound Recording Equipment in the world. At the same year, Sound Recording Equipment was the 395th most imported product in United States. United States imports Sound Recording Equipment primarily from: China ($728M), Vietnam ($55.4M), Malaysia ($50.6M), Chinese Taipei ($43.4M), and Germany ($32.8M).

The fastest growing import markets in Sound Recording Equipment for United States between 2021 and 2022 were China ($576M), Vietnam ($54.6M), and Malaysia ($41.3M).

COMPANIES In 2023, leading companies such as CrimsonLogic (285), Toyota (258), and Cummins Jaw Warehouse (146) were at the forefront of shipping Sound Recording Equipment to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Sound Recording Equipment exports accounted up to $11.8M and imports accounted up to $110M, resulting in a negative trade balance of $98.5M. Between August 2023 and August 2024 the exports of United States'   Sound Recording Equipment have decreased by $-219k (-1.83%) from $12M to $11.8M, while imports increased by $18.3M (19.8%) from $92.1M to $110M.

Destinations In August 2024, Sound Recording Equipment were exported mostly to Canada ($2.74M), China ($900k), Spain ($669k), Mexico ($606k), and Australia ($505k), and were imported mostly from China ($80.9M), Vietnam ($13.4M), Malaysia ($7.98M), Chinese Taipei ($1.62M), and United Kingdom ($1.46M).

Growth In August 2024, the decrease in Sound Recording Equipment's year-by-year exports was explained primarily by a decrease in exports to Mexico ($-297k or -56.6%), South Korea ($-290k or -28%), and Canada ($-218k or -7.07%). In August 2024, the increase in Sound Recording Equipment's year-by-year imports was explained primarily by an increase in imports from Vietnam ($1.9M or 47.3%), Germany ($645k or 262%), and Australia ($391k or 1.59k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-219k(-1.83%)
IMPORT GROWTH (August 2023 - August 2024)$18.3M(19.8%)
MAIN EXPORTER (August 2024)Kansas$13.6M
MAIN DESTINATION (August 2024)Canada$2.74M

This section shows Sound Recording Equipment'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 Sound Recording Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$135M
IMPORTS (2022)$1.01B
NET TRADE (2022)-$874M

In 2022, United States exported $135M in Sound Recording Equipment. The main destinations of United States exports on Sound Recording Equipment were Canada ($37.6M), Germany ($14.3M), China ($11.2M), United Kingdom ($8.29M), and Mexico ($5.87M).

In 2022, United States imported $1.01B in Sound Recording Equipment, mainly from China ($728M), Vietnam ($55.4M), Malaysia ($50.6M), Chinese Taipei ($43.4M), and Germany ($32.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Sound Recording Equipment EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$30.5M (429%)
Germany$11M (336%)
China$9.49M (554%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sound Recording Equipment BY United States WERE (2021 - 2022):
Paraguay-$1.27M (-87.8%)
Malaysia-$768k (-74.9%)
Switzerland-$394k (-51.3%)
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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 Sound Recording Equipment were:
China $2.17B
Netherlands $332M
Vietnam $211M
In 2022, United States's main importing competitors in Sound Recording Equipment were:
Germany $425M
Netherlands $324M

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Trade Value of Sound Recording Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $1.54M
TOP IMPORT POTENTIALCanada+ $8.7M

Sound Recording Equipment’s highest export potential is Mexico. With an export gap of $1.54M.   Sound Recording Equipment’s highest import potential is Canada with an import gap of $8.7M.

See methodology.

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