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2022
Exports $46.1MWorld Rnk 6 / 130
Flag Rnk 875 / 1217
2022
Destination $2.84M Dominican Republic
2021 - 2022
FASTEST GROWING MARKET $2.84MChina
2022
PRODUCT COMPLEXITY IN Tobacco Processing Machines-0.19Rnk 613 / 1025
2022
Imports $83.3MWorld Rnk 3 / 175
Flag Rnk 905 / 1216
2022
Origin $2.24M Italy
2021 - 2022
FASTEST GROWING ORIGIN $2.24MSouth Africa
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $46.1M in Tobacco Processing Machines, making it the 6th largest exporter of Tobacco Processing Machines in the world. At the same year, Tobacco Processing Machines was the 875th most exported product in United States. The main destination of Tobacco Processing Machines exports from United States are: Dominican Republic ($20.3M), Canada ($4.98M), Mexico ($4.42M), China ($2.92M), and Germany ($2.12M).

The fastest growing export markets for Tobacco Processing Machines of United States between 2021 and 2022 were China ($2.84M), Mexico ($1.84M), and Canada ($1.82M).

Imports In 2022, United States imported $83.3M in Tobacco Processing Machines, becoming the 3rd largest importer of Tobacco Processing Machines in the world. At the same year, Tobacco Processing Machines was the 905th most imported product in United States. United States imports Tobacco Processing Machines primarily from: Italy ($22.7M), Germany ($22.4M), China ($7.67M), United Kingdom ($5.31M), and Indonesia ($4.07M).

The fastest growing import markets in Tobacco Processing Machines for United States between 2021 and 2022 were South Africa ($2.24M), Hungary ($1.84M), and Germany ($1.79M).

COMPANIES In 2023, leading companies such as Volkswagen (122), LG Electronics (56), and Tesla (14) were at the forefront of shipping Tobacco Processing Machines to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Tobacco Processing Machines exports accounted up to $2.84M and imports accounted up to $2.68M, resulting in a positive trade balance of $162k. Between August 2023 and August 2024 the exports of United States'   Tobacco Processing Machines have increased by $797k (39%) from $2.04M to $2.84M, while imports increased by $116k (4.51%) from $2.56M to $2.68M.

Destinations In August 2024, Tobacco Processing Machines were exported mostly to Canada ($1.14M), Dominican Republic ($960k), Germany ($179k), Malawi ($154k), and Zimbabwe ($85.6k), and were imported mostly from China ($538k), Germany ($517k), Canada ($361k), Indonesia ($251k), and Netherlands ($189k).

Growth In August 2024, the increase in Tobacco Processing Machines's year-by-year exports was explained primarily by an increase in exports to Dominican Republic ($317k or 17.1%), Pakistan ($308k or 4.66k%), and Germany ($160k or 142%). In August 2024, the increase in Tobacco Processing Machines's year-by-year imports was explained primarily by an increase in imports from Netherlands ($128k or 61.2%), Hungary ($92.6k or 45.1%), and Sweden ($1.79k or 2.27%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$797k(39%)
IMPORT GROWTH (August 2023 - August 2024)$116k(4.51%)
MAIN EXPORTER (August 2024)North Carolina$7.29M
MAIN DESTINATION (August 2024)Canada$1.14M

This section shows Tobacco 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 Tobacco Processing Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$46.1M
IMPORTS (2022)$83.3M
NET TRADE (2022)-$37.2M

In 2022, United States exported $46.1M in Tobacco Processing Machines. The main destinations of United States exports on Tobacco Processing Machines were Dominican Republic ($20.3M), Canada ($4.98M), Mexico ($4.42M), China ($2.92M), and Germany ($2.12M).

In 2022, United States imported $83.3M in Tobacco Processing Machines, mainly from Italy ($22.7M), Germany ($22.4M), China ($7.67M), United Kingdom ($5.31M), and Indonesia ($4.07M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tobacco Processing Machines EXPORT MARKETS FOR United States WERE (2021 - 2022):
China$2.84M (3.3k%)
Mexico$1.84M (71%)
Canada$1.82M (57.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tobacco Processing Machines BY United States WERE (2021 - 2022):
Ukraine-$6.46M (-99.8%)
Dominican Republic-$2.59M (-11.3%)
Italy-$1.29M (-86.6%)
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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 Tobacco Processing Machines were:
Germany $358M
Italy $199M
Netherlands $77.9M
In 2022, United States's main importing competitors in Tobacco Processing Machines were:
Indonesia $97.3M
China $90.5M

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Trade Value of Tobacco Processing Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.34M
TOP IMPORT POTENTIALChina+ $1.37M

Tobacco Processing Machines’s highest export potential is China. With an export gap of $1.34M.   Tobacco Processing Machines’s highest import potential is China with an import gap of $1.37M.

See methodology.

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