Electrical Transformers in   United States

Overview In February 2024 United States' Electrical Transformers exports accounted up to $643M and imports accounted up to $2.13B, resulting in a negative trade balance of $1.49B. Between February 2023 and February 2024 the exports of United States'   Electrical Transformers have increased by $65.2M (11.3%) from $578M to $643M, while imports increased by $140M (7.06%) from $1.99B to $2.13B.

Destinations In February 2024, Electrical Transformers were exported mostly to Mexico ($181M), Canada ($136M), China ($32.6M), Netherlands ($32.3M), and Germany ($21.4M), and were imported mostly from Mexico ($515M), China ($294M), South Korea ($165M), Thailand ($139M), and Canada ($130M).

Growth In February 2024, the increase in Electrical Transformers's year-by-year exports was explained primarily by an increase in exports to Canada ($39.9M or 41.5%), Mexico ($29.6M or 20.4%), and Ireland ($11.6M or 1.07k%). In February 2024, the increase in Electrical Transformers's year-by-year imports was explained primarily by an increase in imports from Mexico ($130M or 47%), South Korea ($85.3M or 248%), and Thailand ($74.3M or 83.3%).