Steam Boilers in United States | The Observatory of Economic Complexity

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Exports In 2022, United States exported $230M in Steam Boilers, making it the 4th largest exporter of Steam Boilers in the world. At the same year, Steam Boilers was the 562nd most exported product in United States. The main destination of Steam Boilers exports from United States are: Canada ($70M), Mexico ($29.8M), Bangladesh ($16.4M), Jamaica ($11.6M), and Israel ($8.57M).

The fastest growing export markets for Steam Boilers of United States between 2021 and 2022 were Bangladesh ($14.4M), Mexico ($11.4M), and Jamaica ($10.3M).

Imports In 2022, United States imported $143M in Steam Boilers, becoming the 6th largest importer of Steam Boilers in the world. At the same year, Steam Boilers was the 814th most imported product in United States. United States imports Steam Boilers primarily from: Canada ($32.3M), China ($30M), Mexico ($23.1M), South Korea ($14.3M), and Vietnam ($9.59M).

The fastest growing import markets in Steam Boilers for United States between 2021 and 2022 were China ($15M), Mexico ($8.2M), and Jamaica ($5.51M).

COMPANIES In 2023, leading companies such as STIHL INCORPORATED (71), CRIMSONLOGIC US INC (67), and GLOBAL ETRADE SERVICES INC (55) were at the forefront of shipping Steam Boilers to the United States.

Latest Trends

February 2024

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Overview In February 2024 United States' Steam Boilers exports accounted up to $8.9M and imports accounted up to $33.6M, resulting in a negative trade balance of $24.7M. Between February 2023 and February 2024 the exports of United States' Steam Boilers have decreased by $-10.2M (-53.4%) from $19.1M to $8.9M, while imports increased by $18.3M (119%) from $15.4M to $33.6M.

Destinations In February 2024, Steam Boilers were exported mostly to Canada ($3.45M), Israel ($791k), Dominican Republic ($664k), Mexico ($598k), and Costa Rica ($507k), and were imported mostly from Vietnam ($14.7M), Mexico ($6.64M), Canada ($4.47M), Thailand ($3.63M), and Poland ($1.79M).

Growth In February 2024, the decrease in Steam Boilers's year-by-year exports was explained primarily by a decrease in exports to Jamaica ($-14.7M or -100%), Mexico ($-2.21M or -64.4%), and Thailand ($-1.12M or -99.5%). In February 2024, the increase in Steam Boilers's year-by-year imports was explained primarily by an increase in imports from Switzerland ($755k or 7k%), India ($522k or 2.45k%), and China ($494k or 79.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-10.2M(-53.4%)

IMPORT GROWTH (February 2023 - February 2024)$18.3M(119%)

MAIN EXPORTER (February 2024)Illinois$2.55M

MAIN DESTINATION (February 2024)Canada$3.45M

This section shows Steam Boilers'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 Steam Boilers over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$230M

IMPORTS (2022)$143M

NET TRADE (2022)$86.6M

In 2022, United States exported $230M in Steam Boilers. The main destinations of United States exports on Steam Boilers were Canada ($70M), Mexico ($29.8M), Bangladesh ($16.4M), Jamaica ($11.6M), and Israel ($8.57M).

In 2022, United States imported $143M in Steam Boilers, mainly from Canada ($32.3M), China ($30M), Mexico ($23.1M), South Korea ($14.3M), and Vietnam ($9.59M).

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