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2022
Exports $2.15BWorld Rnk 8 / 208
Flag Rnk 146 / 1217
2022
Destination $298M Canada
2021 - 2022
FASTEST GROWING MARKET $298MCanada
2022
PRODUCT COMPLEXITY IN Video Recording Equipment0.68Rnk 285 / 1025
2022
Imports $9.89BWorld Rnk 1 / 221
Flag Rnk 66 / 1216
2022
Origin $297M China
2021 - 2022
FASTEST GROWING ORIGIN $297MThailand
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $2.15B in Video Recording Equipment, making it the 8th largest exporter of Video Recording Equipment in the world. At the same year, Video Recording Equipment was the 146th most exported product in United States. The main destination of Video Recording Equipment exports from United States are: Canada ($743M), Mexico ($256M), Germany ($164M), United Kingdom ($95.4M), and Hong Kong ($74.1M).

The fastest growing export markets for Video Recording Equipment of United States between 2021 and 2022 were Canada ($298M), United Kingdom ($30.5M), and Germany ($30.3M).

Imports In 2022, United States imported $9.89B in Video Recording Equipment, becoming the 1st largest importer of Video Recording Equipment in the world. At the same year, Video Recording Equipment was the 66th most imported product in United States. United States imports Video Recording Equipment primarily from: China ($3.17B), Thailand ($1.1B), Vietnam ($1.01B), Chinese Taipei ($967M), and Japan ($904M).

The fastest growing import markets in Video Recording Equipment for United States between 2021 and 2022 were Thailand ($297M), Vietnam ($268M), and Chinese Taipei ($185M).

COMPANIES In 2023, leading companies such as LG Electronics (31) and Robert Bosch (3) were at the forefront of shipping Video Recording Equipment to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Video Recording Equipment exports accounted up to $21.1M and imports accounted up to $44.5M, resulting in a negative trade balance of $23.4M. Between August 2023 and August 2024 the exports of United States'   Video Recording Equipment have increased by $4.63M (28.2%) from $16.4M to $21.1M, while imports decreased by $-2.32M (-4.96%) from $46.8M to $44.5M.

Destinations In August 2024, Video Recording Equipment were exported mostly to United Kingdom ($4.5M), Canada ($3.95M), Mexico ($2.8M), Brazil ($1.62M), and Hungary ($759k), and were imported mostly from China ($16.6M), Chinese Taipei ($5.49M), Malaysia ($3.48M), Vietnam ($2.6M), and Israel ($2.43M).

Growth In August 2024, the increase in Video Recording Equipment's year-by-year exports was explained primarily by an increase in exports to Australia ($818k or 524%), Venezuela ($707k or 6.77k%), and Netherlands ($308k or 175%). In August 2024, the decrease in Video Recording Equipment's year-by-year imports was explained primarily by a decrease in imports from China ($-6.88M or -28.8%), Belgium ($-2.06M or -87.9%), and Malaysia ($-1.36M or -27.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$4.63M(28.2%)
IMPORT GROWTH (August 2023 - August 2024)$-2.32M(-4.96%)
MAIN EXPORTER (August 2024)California$6.03M
MAIN DESTINATION (August 2024)United Kingdom$4.5M

This section shows Video Recording Equipment'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 Video Recording Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.15B
IMPORTS (2022)$9.89B
NET TRADE (2022)-$7.74B

In 2022, United States exported $2.15B in Video Recording Equipment. The main destinations of United States exports on Video Recording Equipment were Canada ($743M), Mexico ($256M), Germany ($164M), United Kingdom ($95.4M), and Hong Kong ($74.1M).

In 2022, United States imported $9.89B in Video Recording Equipment, mainly from China ($3.17B), Thailand ($1.1B), Vietnam ($1.01B), Chinese Taipei ($967M), and Japan ($904M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Video Recording Equipment EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$298M (66.9%)
United Kingdom$30.5M (47.1%)
Germany$30.3M (22.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Video Recording Equipment BY United States WERE (2021 - 2022):
Hong Kong-$47.5M (-39%)
United Arab Emirates-$16.6M (-43%)
Mexico-$14.4M (-5.33%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Video Recording Equipment were:
China $15.6B
Vietnam $5.46B
Germany $3.06B
In 2022, United States's main importing competitors in Video Recording Equipment were:
China $6.99B
Germany $2.74B

Explore Visualizations

Trade Value of Video Recording Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $2.31M
TOP IMPORT POTENTIALChina+ $26.9M

Video Recording Equipment’s highest export potential is Mexico. With an export gap of $2.31M.   Video Recording Equipment’s highest import potential is China with an import gap of $26.9M.

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