Tobacco Processing Machines in United States | The Observatory of Economic Complexity

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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 GROUP OF AMERICA INC. (123), LG ELECTRONICS USA (56), and TESLA, INC. (14) were at the forefront of shipping Tobacco Processing Machines to the United States.

Latest Trends

February 2024

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Overview In February 2024 United States' Tobacco Processing Machines exports accounted up to $3.45M and imports accounted up to $3.77M, resulting in a negative trade balance of $317k. Between February 2023 and February 2024 the exports of United States' Tobacco Processing Machines have decreased by $-1.61M (-31.8%) from $5.06M to $3.45M, while imports increased by $792k (26.6%) from $2.97M to $3.77M.

Destinations In February 2024, Tobacco Processing Machines were exported mostly to Dominican Republic ($1.61M), Germany ($532k), Canada ($396k), Mozambique ($292k), and Guatemala ($151k), and were imported mostly from Italy ($971k), Germany ($742k), China ($646k), United Kingdom ($320k), and Hungary ($285k).

Growth In February 2024, the decrease in Tobacco Processing Machines's year-by-year exports was explained primarily by a decrease in exports to Guatemala ($-83.5k or -51.5%) and Mexico ($-57.4k or -45.5%). In February 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

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-1.61M(-31.8%)

IMPORT GROWTH (February 2023 - February 2024)$792k(26.6%)

MAIN EXPORTER (February 2024)Florida$1.36M

MAIN DESTINATION (February 2024)Dominican Republic$1.61M

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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