2023
Exports
$114MWorld Rnk 6 / 171
Flag Rnk 682 / 1217
2023
PRODUCT COMPLEXITY IN Sound Recording Equipment
0.41Rnk 405 / 1025
2023
Imports
$1.01BWorld Rnk 1 / 209
Flag Rnk 370 / 1215
2023
ECONOMIC COMPLEXITY of United States
1.5Rnk 10 / 132

About

Exports In 2023, United States exported $114M in Sound Recording Equipment, making it the 6th largest exporter of Sound Recording Equipment in the world. At the same year, Sound Recording Equipment was the 682nd most exported product in United States. The main destination of Sound Recording Equipment exports from United States are: Canada ($16.5M), Italy ($15.8M), United Kingdom ($10.8M), Germany ($8.79M), and France ($5.8M).

The fastest growing export markets for Sound Recording Equipment of United States between 2022 and 2023 were Italy ($14.6M), Canada ($3.87M), and Argentina ($1.55M).

Imports In 2023, 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 370th most imported product in United States. United States imports Sound Recording Equipment primarily from: China ($749M), Vietnam ($122M), Malaysia ($26.1M), Chinese Taipei ($23.8M), and United Kingdom ($22.5M).

The fastest growing import markets in Sound Recording Equipment for United States between 2022 and 2023 were Australia ($7.98M), Vietnam ($2.77M), and Indonesia ($1.54M).

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.

Historical Data

Trade Balance

Color
EXPORTS (2023)$114M
IMPORTS (2023)$1.01B
NET TRADE (2023)-$896M

In 2023, United States exported $114M in Sound Recording Equipment. The main destinations of United States exports on Sound Recording Equipment were Canada ($16.5M), Italy ($15.8M), United Kingdom ($10.8M), Germany ($8.79M), and France ($5.8M).

In 2023, United States imported $1.01B in Sound Recording Equipment, mainly from China ($749M), Vietnam ($122M), Malaysia ($26.1M), Chinese Taipei ($23.8M), and United Kingdom ($22.5M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Sound Recording Equipment EXPORT MARKETS FOR United States WERE (2022 - 2023):
Italy$14.6M (1.16k%)
Canada$3.87M (30.6%)
Argentina$1.55M (93%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sound Recording Equipment BY United States WERE (2022 - 2023):
Germany-$7.15M (-44.9%)
China-$1.63M (-30.5%)
Saudi Arabia-$1.4M (-79.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Sound Recording Equipment were:
In 2023, United States's main importing competitors in Sound Recording Equipment were:

Explore Visualizations

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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