2022
Exports
$204MWorld Rnk 7 / 174
Flag Rnk 583 / 1217
2022
PRODUCT COMPLEXITY IN Woodworking machines
1.28Rnk 96 / 1025
2022
Imports
$1.74BWorld Rnk 1 / 218
Flag Rnk 276 / 1216
2022
ECONOMIC COMPLEXITY of United States
1.47Rnk 10 / 133

About

Exports In 2022, United States exported $204M in Woodworking machines, making it the 7th largest exporter of Woodworking machines in the world. At the same year, Woodworking machines was the 583rd most exported product in United States. The main destination of Woodworking machines exports from United States are: Canada ($90.4M), Mexico ($33.8M), Lithuania ($7.24M), Australia ($6.64M), and United Kingdom ($4.33M).

The fastest growing export markets for Woodworking machines of United States between 2021 and 2022 were Lithuania ($7.22M), Canada ($4.95M), and El Salvador ($2.26M).

Imports In 2022, United States imported $1.74B in Woodworking machines, becoming the 1st largest importer of Woodworking machines in the world. At the same year, Woodworking machines was the 276th most imported product in United States. United States imports Woodworking machines primarily from: China ($476M), Chinese Taipei ($468M), Germany ($269M), Canada ($181M), and Italy ($140M).

The fastest growing import markets in Woodworking machines for United States between 2021 and 2022 were Germany ($45.6M), Canada ($27.6M), and Italy ($25M).

COMPANIES In 2023, leading companies such as CrimsonLogic (164), Stanley Black & Decker (93), and Itourscm (93) were at the forefront of shipping Woodworking machines to the United States.

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-3.65M(-13.5%)
IMPORT GROWTH (June 2023 - June 2024)$4.56M(4.2%)
MAIN EXPORTER (June 2024)Michigan$5.37M
MAIN DESTINATION (June 2024)Canada$11M

This section shows Woodworking 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 Woodworking machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$204M
IMPORTS (2022)$1.74B
NET TRADE (2022)-$1.54B

In 2022, United States exported $204M in Woodworking machines. The main destinations of United States exports on Woodworking machines were Canada ($90.4M), Mexico ($33.8M), Lithuania ($7.24M), Australia ($6.64M), and United Kingdom ($4.33M).

In 2022, United States imported $1.74B in Woodworking machines, mainly from China ($476M), Chinese Taipei ($468M), Germany ($269M), Canada ($181M), and Italy ($140M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Woodworking machines EXPORT MARKETS FOR United States WERE (2021 - 2022):
Lithuania$7.22M (30.1k%)
Canada$4.95M (5.8%)
El Salvador$2.26M (196%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Woodworking machines BY United States WERE (2021 - 2022):
United Kingdom-$2.08M (-32.5%)
Germany-$1.45M (-39.8%)
Russia-$1.3M (-78.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Woodworking machines were:
China $2.66B
Germany $1.99B
Italy $1.23B
In 2022, United States's main importing competitors in Woodworking machines were:

Explore Visualizations

Trade Value of Woodworking machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3M
TOP IMPORT POTENTIALCanada+ $23.3M

Woodworking machines’s highest export potential is China. With an export gap of $3M.   Woodworking machines’s highest import potential is Canada with an import gap of $23.3M.

See methodology.

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