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2022
Exports $242MWorld Rnk 6 / 136
Flag Rnk 556 / 1217
2022
Destination $7.2M Canada
2021 - 2022
FASTEST GROWING MARKET $7.2MCanada
2022
PRODUCT COMPLEXITY IN Papermaking Machines1.4Rnk 70 / 1025
2022
Imports $583MWorld Rnk 2 / 192
Flag Rnk 498 / 1216
2022
Origin $21M Germany
2021 - 2022
FASTEST GROWING ORIGIN $21MFinland
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $242M in Papermaking Machines, making it the 6th largest exporter of Papermaking Machines in the world. At the same year, Papermaking Machines was the 556th most exported product in United States. The main destination of Papermaking Machines exports from United States are: Canada ($82.8M), China ($26.1M), Mexico ($19M), Germany ($18.1M), and Brazil ($8.09M).

The fastest growing export markets for Papermaking Machines of United States between 2021 and 2022 were Canada ($7.2M), Germany ($6.56M), and Colombia ($4.01M).

Imports In 2022, United States imported $583M in Papermaking Machines, becoming the 2nd largest importer of Papermaking Machines in the world. At the same year, Papermaking Machines was the 498th most imported product in United States. United States imports Papermaking Machines primarily from: Germany ($145M), Canada ($98.7M), Finland ($89.8M), China ($48.1M), and Italy ($38.1M).

The fastest growing import markets in Papermaking Machines for United States between 2021 and 2022 were Finland ($21M), Canada ($14.7M), and China ($10.1M).

COMPANIES In 2023, leading companies such as TRUMPF INC. (75), ZF FRIEDRICHSHAFEN AG (58), and CNH INDUSTRIAL AMERICA LLC (52) were at the forefront of shipping Papermaking Machines to the United States.

Latest Trends

February 2024

About

Overview In February 2024 United States' Papermaking Machines exports accounted up to $25.1M and imports accounted up to $38.8M, resulting in a negative trade balance of $13.7M. Between February 2023 and February 2024 the exports of United States'   Papermaking Machines have increased by $2.05M (8.9%) from $23M to $25.1M, while imports increased by $5.65M (17%) from $33.2M to $38.8M.

Destinations In February 2024, Papermaking Machines were exported mostly to Canada ($9.56M), China ($2.8M), Mexico ($2.06M), Indonesia ($1.21M), and Germany ($1.21M), and were imported mostly from Germany ($14.8M), Canada ($8.32M), China ($3.03M), Finland ($2.93M), and South Korea ($1.39M).

Growth In February 2024, the increase in Papermaking Machines's year-by-year exports was explained primarily by an increase in exports to Mexico ($1.11M or 82.4%), China ($730k or 58.2%), and Canada ($534k or 8.28%). In February 2024, the increase in Papermaking Machines's year-by-year imports was explained primarily by an increase in imports from Finland ($33.2M or 345%), Germany ($16.1M or 184%), and Italy ($1.78M or 48%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (February 2023 - February 2024)$2.05M(8.9%)
IMPORT GROWTH (February 2023 - February 2024)$5.65M(17%)
MAIN EXPORTER (February 2024)Wisconsin$7.25M
MAIN DESTINATION (February 2024)Canada$9.56M

This section shows Papermaking 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 Papermaking Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$242M
IMPORTS (2022)$583M
NET TRADE (2022)-$341M

In 2022, United States exported $242M in Papermaking Machines. The main destinations of United States exports on Papermaking Machines were Canada ($82.8M), China ($26.1M), Mexico ($19M), Germany ($18.1M), and Brazil ($8.09M).

In 2022, United States imported $583M in Papermaking Machines, mainly from Germany ($145M), Canada ($98.7M), Finland ($89.8M), China ($48.1M), and Italy ($38.1M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Papermaking Machines EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$7.2M (9.52%)
Germany$6.56M (56.7%)
Colombia$4.01M (173%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Papermaking Machines BY United States WERE (2021 - 2022):
Turkey-$7.83M (-75.4%)
Indonesia-$3.16M (-48.3%)
Mexico-$1.83M (-8.78%)
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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 Papermaking Machines were:
China $1.2B
Germany $1.05B
Finland $816M
In 2022, United States's main importing competitors in Papermaking Machines were:
China $741M
Germany $318M

Explore Visualizations

Trade Value of Papermaking Machines by Exporters

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