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Pricing

2022
Exports $24.5MWorld Rnk 3 / 140
Flag Rnk 956 / 1217
2022
Destination $2.98M United Kingdom
2021 - 2022
FASTEST GROWING MARKET $2.98MUnited Kingdom
2022
Imports $54.5MWorld Rnk 1 / 211
Flag Rnk 957 / 1216
2022
Origin $4.64MN/A
2021 - 2022
FASTEST GROWING ORIGIN $4.64MChina
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $24.5M in Time Recording Instruments, making it the 3rd largest exporter of Time Recording Instruments in the world. At the same year, Time Recording Instruments was the 956th most exported product in United States. The main destination of Time Recording Instruments exports from United States are: United Kingdom ($5.72M), Canada ($4.99M), Israel ($1.13M), Turkey ($1.01M), and Hong Kong ($963k).

The fastest growing export markets for Time Recording Instruments of United States between 2021 and 2022 were United Kingdom ($2.98M), Hong Kong ($840k), and Canada ($467k).

Imports In 2022, United States imported $54.5M in Time Recording Instruments, becoming the 1st largest importer of Time Recording Instruments in the world. At the same year, Time Recording Instruments was the 957th most imported product in United States. United States imports Time Recording Instruments primarily from: N/A.

The fastest growing import markets in Time Recording Instruments for United States between 2021 and 2022 were China ($4.64M), Canada ($595k), and Netherlands ($495k).

COMPANIES In 2023, leading companies such as Costco Wholesale (9), Amazon (5), and Motorola (4) were at the forefront of shipping Time Recording Instruments to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Time Recording Instruments exports accounted up to $2.43M and imports accounted up to $2.61M, resulting in a negative trade balance of $181k. Between June 2023 and June 2024 the exports of United States'   Time Recording Instruments have increased by $131k (5.68%) from $2.3M to $2.43M, while imports increased by $11k (0.42%) from $2.6M to $2.61M.

Destinations In June 2024, Time Recording Instruments were exported mostly to Canada ($564k), Australia ($352k), United Kingdom ($276k), Peru ($192k), and Argentina ($133k), and were imported mostly from China ($1.64M), Canada ($417k), Indonesia ($141k), Mexico ($69k), and Italy ($60.4k).

Growth In June 2024, the increase in Time Recording Instruments's year-by-year exports was explained primarily by an increase in exports to Canada ($188k or 57%), Israel ($131k or 1.75k%), and Germany ($91.2k or 174%). In June 2024, the increase in Time Recording Instruments's year-by-year imports was explained primarily by an increase in imports from Switzerland ($533k or 600%), Indonesia ($332k or 262%), and Canada ($56.3k or 775%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$131k(5.68%)
IMPORT GROWTH (June 2023 - June 2024)$11k(0.42%)
MAIN EXPORTER (June 2024)Massachusetts$670k
MAIN DESTINATION (June 2024)Canada$564k

This section shows Time Recording 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 Time Recording Instruments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$24.5M
IMPORTS (2022)$54.5M
NET TRADE (2022)-$30M

In 2022, United States exported $24.5M in Time Recording Instruments. The main destinations of United States exports on Time Recording Instruments were United Kingdom ($5.72M), Canada ($4.99M), Israel ($1.13M), Turkey ($1.01M), and Hong Kong ($963k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Time Recording Instruments EXPORT MARKETS FOR United States WERE (2021 - 2022):
United Kingdom$2.98M (109%)
Hong Kong$840k (682%)
Canada$467k (10.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Time Recording Instruments BY United States WERE (2021 - 2022):
Germany-$711k (-50.5%)
India-$250k (-67.7%)
Russia-$226k (-98.7%)
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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 Time Recording Instruments were:
China $168M
France $41.2M
In 2022, United States's main importing competitors in Time Recording Instruments were:
Germany $34.3M
Japan $34M

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Trade Value of Time Recording Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $260k
TOP IMPORT POTENTIALCanada+ $506k

Time Recording Instruments’s highest export potential is Germany. With an export gap of $260k.   Time Recording Instruments’s highest import potential is Canada with an import gap of $506k.

See methodology.

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