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2022
Exports $146MWorld Rnk 2 / 168
Flag Rnk 665 / 1217
2022
Destination $8.84M Netherlands
2021 - 2022
FASTEST GROWING MARKET $8.84MCanada
2022
PRODUCT COMPLEXITY IN String Instruments0.51Rnk 362 / 1025
2022
Imports $279MWorld Rnk 1 / 209
Flag Rnk 689 / 1216
2022
Origin $2.64M China
2021 - 2022
FASTEST GROWING ORIGIN $2.64MFrance
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $146M in String Instruments, making it the 2nd largest exporter of String Instruments in the world. At the same year, String Instruments was the 665th most exported product in United States. The main destination of String Instruments exports from United States are: Netherlands ($27.4M), Canada ($19.9M), Japan ($14.1M), Hong Kong ($11.9M), and China ($10.7M).

The fastest growing export markets for String Instruments of United States between 2021 and 2022 were Canada ($8.84M), United Kingdom ($2.89M), and Thailand ($2.19M).

Imports In 2022, United States imported $279M in String Instruments, becoming the 1st largest importer of String Instruments in the world. At the same year, String Instruments was the 689th most imported product in United States. United States imports String Instruments primarily from: China ($151M), Mexico ($54.9M), Indonesia ($38.8M), Canada ($5.02M), and Germany ($4.11M).

The fastest growing import markets in String Instruments for United States between 2021 and 2022 were France ($2.64M), Mexico ($2.15M), and Japan ($1.66M).

COMPANIES In 2023, leading companies such as CrimsonLogic (75), Goldensee Limited (53), and YAMAHA CORPORATION OF AMERICA (35) were at the forefront of shipping String Instruments to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' String Instruments exports accounted up to $16.7M and imports accounted up to $14.9M, resulting in a positive trade balance of $1.82M. Between June 2023 and June 2024 the exports of United States'   String Instruments have increased by $4.25M (34.2%) from $12.4M to $16.7M, while imports increased by $475k (3.3%) from $14.4M to $14.9M.

Destinations In June 2024, String Instruments were exported mostly to Netherlands ($4.38M), Japan ($2.24M), Canada ($2.03M), Hong Kong ($1.2M), and China ($914k), and were imported mostly from China ($7.71M), Mexico ($4.31M), Indonesia ($1.08M), Canada ($356k), and Italy ($246k).

Growth In June 2024, the increase in String Instruments's year-by-year exports was explained primarily by an increase in exports to Netherlands ($1.14M or 58%), Japan ($1.13M or 86.2%), and France ($482k or 740%). In June 2024, the increase in String Instruments's year-by-year imports was explained primarily by an increase in imports from India ($205k or 7.85k%), Japan ($108k or 261%), and United Kingdom ($92.4k or 117%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$4.25M(34.2%)
IMPORT GROWTH (June 2023 - June 2024)$475k(3.3%)
MAIN EXPORTER (June 2024)California$7.6M
MAIN DESTINATION (June 2024)Netherlands$4.38M

This section shows String Instruments'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 String Instruments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$146M
IMPORTS (2022)$279M
NET TRADE (2022)-$133M

In 2022, United States exported $146M in String Instruments. The main destinations of United States exports on String Instruments were Netherlands ($27.4M), Canada ($19.9M), Japan ($14.1M), Hong Kong ($11.9M), and China ($10.7M).

In 2022, United States imported $279M in String Instruments, mainly from China ($151M), Mexico ($54.9M), Indonesia ($38.8M), Canada ($5.02M), and Germany ($4.11M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING String Instruments EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$8.84M (79.9%)
United Kingdom$2.89M (37.5%)
Thailand$2.19M (166%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF String Instruments BY United States WERE (2021 - 2022):
Japan-$15.1M (-51.6%)
Singapore-$1.45M (-42.1%)
Chile-$1.39M (-83.3%)
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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 String Instruments were:
China $527M
Indonesia $107M
In 2022, United States's main importing competitors in String Instruments were:
Germany $91.7M
Japan $59.6M

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Trade Value of String Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.35M
TOP IMPORT POTENTIALCanada+ $2.55M

String Instruments’s highest export potential is Germany. With an export gap of $1.35M.   String Instruments’s highest import potential is Canada with an import gap of $2.55M.

See methodology.

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