Valves in United States | The Observatory of Economic Complexity

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Exports In 2022, United States exported $12.5B in Valves, making it the 3rd largest exporter of Valves in the world. At the same year, Valves was the 24th most exported product in United States. The main destination of Valves exports from United States are: Canada ($2.33B), Mexico ($2.09B), China ($910M), Germany ($781M), and United Kingdom ($586M).

The fastest growing export markets for Valves of United States between 2021 and 2022 were Canada ($333M), Mexico ($234M), and United Kingdom ($154M).

Imports In 2022, United States imported $16.8B in Valves, becoming the 1st largest importer of Valves in the world. At the same year, Valves was the 28th most imported product in United States. United States imports Valves primarily from: China ($4.64B), Mexico ($2.85B), Germany ($1.42B), Japan ($1.11B), and Chinese Taipei ($977M).

The fastest growing import markets in Valves for United States between 2021 and 2022 were China ($364M), Mexico ($278M), and India ($225M).

COMPANIES In 2023, leading companies such as ROBERT BOSCH LLC (72.4k), WAL-MART INC. (64.5k), and ROBERT BOSCH TOOL CORPORATION (63k) were at the forefront of shipping Valves to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United States' Valves exports accounted up to $1.13B and imports accounted up to $1.45B, resulting in a negative trade balance of $326M. Between January 2023 and January 2024 the exports of United States' Valves have increased by $63.7M (5.99%) from $1.06B to $1.13B, while imports increased by $7.67M (0.53%) from $1.45B to $1.45B.

Destinations In January 2024, Valves were exported mostly to Canada ($220M), Mexico ($211M), China ($72.4M), Germany ($70.4M), and United Kingdom ($65.1M), and were imported mostly from China ($333M), Mexico ($261M), Japan ($115M), Germany ($113M), and Italy ($93.9M).

Growth In January 2024, the increase in Valves's year-by-year exports was explained primarily by an increase in exports to Mexico ($55.2M or 36.7%), Canada ($44.7M or 23.5%), and United Kingdom ($12.3M or 36.5%). In January 2024, the increase in Valves's year-by-year imports was explained primarily by an increase in imports from Mexico ($31.2M or 14.7%), Japan ($19.4M or 18.6%), and India ($16.2M or 45.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$63.7M(5.99%)

IMPORT GROWTH (January 2023 - January 2024)$7.67M(0.53%)

MAIN EXPORTER (January 2024)Texas$235M

MAIN DESTINATION (January 2024)Canada$220M

This section shows Valves'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 Valves over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$12.5B

IMPORTS (2022)$16.8B

NET TRADE (2022)-$4.39B

In 2022, United States exported $12.5B in Valves. The main destinations of United States exports on Valves were Canada ($2.33B), Mexico ($2.09B), China ($910M), Germany ($781M), and United Kingdom ($586M).

In 2022, United States imported $16.8B in Valves, mainly from China ($4.64B), Mexico ($2.85B), Germany ($1.42B), Japan ($1.11B), and Chinese Taipei ($977M).

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