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2023
Exports $1.09BWorld Rnk 5 / 198
Flag Rnk 241 / 1217
2023
Destination $47M Canada
2022 - 2023
FASTEST GROWING MARKET $47MCanada
2023
PRODUCT COMPLEXITY IN Stone Processing Machines0.43Rnk 399 / 1025
2023
Imports $2.46BWorld Rnk 1 / 224
Flag Rnk 198 / 1215
2023
Origin $187M United Kingdom
2022 - 2023
FASTEST GROWING ORIGIN $187MUnited Kingdom
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $1.09B in Stone Processing Machines, making it the 5th largest exporter of Stone Processing Machines in the world. At the same year, Stone Processing Machines was the 241st most exported product in United States. The main destination of Stone Processing Machines exports from United States are: Canada ($366M), Mexico ($121M), Chile ($53.2M), Australia ($48.2M), and United Kingdom ($35M).

The fastest growing export markets for Stone Processing Machines of United States between 2022 and 2023 were Canada ($47M), Mexico ($20.3M), and Australia ($7.85M).

Imports In 2023, United States imported $2.46B in Stone Processing Machines, becoming the 1st largest importer of Stone Processing Machines in the world. At the same year, Stone Processing Machines was the 198th most imported product in United States. United States imports Stone Processing Machines primarily from: United Kingdom ($584M), Canada ($300M), Germany ($294M), China ($187M), and Italy ($166M).

The fastest growing import markets in Stone Processing Machines for United States between 2022 and 2023 were United Kingdom ($187M), Germany ($62.8M), and Italy ($43.4M).

COMPANIES In 2023, leading companies such as Walmart (960), Fyffes (580), and Electrolux (437) were at the forefront of shipping Stone Processing Machines to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Stone Processing Machines exports accounted up to $138M and imports accounted up to $156M, resulting in a negative trade balance of $18.2M. Between November 2023 and November 2024 the exports of United States'   Stone Processing Machines have increased by $41.9M (43.6%) from $96.2M to $138M, while imports decreased by $-15.1M (-8.79%) from $171M to $156M.

Destinations In November 2024, Stone Processing Machines were exported mostly to Canada ($68.1M), Mexico ($12.7M), Australia ($6.59M), India ($6.15M), and Mongolia ($4.37M), and were imported mostly from United Kingdom ($29.9M), Germany ($19.6M), Canada ($16.1M), China ($15.1M), and India ($9.07M).

Growth In November 2024, the increase in Stone Processing Machines's year-by-year exports was explained primarily by an increase in exports to Canada ($8.98M or 30.5%), Australia ($1.67M or 58.7%), and Malaysia ($1.44M or 849%). In November 2024, the decrease in Stone Processing Machines's year-by-year imports was explained primarily by a decrease in imports from South Africa ($-1.8M or -61.5%), Brazil ($-1.68M or -41.1%), and Malaysia ($-852k or -24.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$41.9M(43.6%)
IMPORT GROWTH (November 2023 - November 2024)$-15.1M(-8.79%)
MAIN EXPORTER (November 2024)Illinois$39M
MAIN DESTINATION (November 2024)Canada$68.1M

This section shows Stone Processing Machines'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 Stone Processing Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.09B
IMPORTS (2023)$2.46B
NET TRADE (2023)-$1.36B

In 2023, United States exported $1.09B in Stone Processing Machines. The main destinations of United States exports on Stone Processing Machines were Canada ($366M), Mexico ($121M), Chile ($53.2M), Australia ($48.2M), and United Kingdom ($35M).

In 2023, United States imported $2.46B in Stone Processing Machines, mainly from United Kingdom ($584M), Canada ($300M), Germany ($294M), China ($187M), and Italy ($166M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Stone Processing Machines EXPORT MARKETS FOR United States WERE (2022 - 2023):
Canada$47M (14.7%)
Mexico$20.3M (20.1%)
Australia$7.85M (19.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stone Processing Machines BY United States WERE (2022 - 2023):
Panama-$21.1M (-67.4%)
Russia-$10.7M (-87.8%)
Saudi Arabia-$6.84M (-30.6%)
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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 Stone Processing Machines were:
China $6.03B
Germany $2.35B
United Kingdom $1.61B
In 2023, United States's main importing competitors in Stone Processing Machines were:
Australia $941M
Indonesia $914M

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Trade Value of Stone Processing Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $16M
TOP IMPORT POTENTIALChina+ $116M

Stone Processing Machines’s highest export potential is China. With an export gap of $16M.   Stone Processing Machines’s highest import potential is China with an import gap of $116M.

See methodology.

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