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2022
Exports $633MWorld Rnk 1 / 165
Flag Rnk 334 / 1217
2022
Destination $17.8M China
2021 - 2022
FASTEST GROWING MARKET $17.8MChina
2022
PRODUCT COMPLEXITY IN Tensile Testing Machines1.41Rnk 69 / 1025
2022
Imports $239MWorld Rnk 2 / 206
Flag Rnk 722 / 1216
2022
Origin $4.98M United Kingdom
2021 - 2022
FASTEST GROWING ORIGIN $4.98MUnited Kingdom
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $633M in Tensile Testing Machines, making it the 1st largest exporter of Tensile Testing Machines in the world. At the same year, Tensile Testing Machines was the 334th most exported product in United States. The main destination of Tensile Testing Machines exports from United States are: China ($183M), South Korea ($47.9M), Canada ($42.8M), Germany ($34.8M), and United Kingdom ($28.3M).

The fastest growing export markets for Tensile Testing Machines of United States between 2021 and 2022 were China ($17.8M), Sweden ($6.7M), and Ukraine ($5.94M).

Imports In 2022, United States imported $239M in Tensile Testing Machines, becoming the 2nd largest importer of Tensile Testing Machines in the world. At the same year, Tensile Testing Machines was the 722nd most imported product in United States. United States imports Tensile Testing Machines primarily from: United Kingdom ($44.2M), Germany ($40.8M), Canada ($29.4M), China ($13.5M), and Italy ($12.4M).

The fastest growing import markets in Tensile Testing Machines for United States between 2021 and 2022 were United Kingdom ($4.98M), South Korea ($3.7M), and Guyana ($3.41M).

COMPANIES In 2023, leading companies such as BSH Home Appliances (834), CrimsonLogic (524), and Groupe SEB (139) were at the forefront of shipping Tensile Testing Machines to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Tensile Testing Machines exports accounted up to $62.8M and imports accounted up to $21.5M, resulting in a positive trade balance of $41.3M. Between June 2023 and June 2024 the exports of United States'   Tensile Testing Machines have increased by $8.01M (14.6%) from $54.8M to $62.8M, while imports decreased by $-4.91M (-18.6%) from $26.4M to $21.5M.

Destinations In June 2024, Tensile Testing Machines were exported mostly to China ($21.3M), South Korea ($5.46M), Canada ($4.38M), France ($3.36M), and India ($2.92M), and were imported mostly from United Kingdom ($6.49M), Germany ($3.97M), Italy ($1.47M), Canada ($1.44M), and Switzerland ($1.1M).

Growth In June 2024, the increase in Tensile Testing Machines's year-by-year exports was explained primarily by an increase in exports to South Korea ($2.98M or 105%), Canada ($2.51M or 106%), and France ($2.06M or 211%). In June 2024, the decrease in Tensile Testing Machines's year-by-year imports was explained primarily by a decrease in imports from United Kingdom ($-2.78M or -51.1%), Germany ($-1.07M or -38%), and Netherlands ($-433k or -45.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$8.01M(14.6%)
IMPORT GROWTH (June 2023 - June 2024)$-4.91M(-18.6%)
MAIN EXPORTER (June 2024)Minnesota$17.9M
MAIN DESTINATION (June 2024)China$21.3M

This section shows Tensile Testing 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 Tensile Testing Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$633M
IMPORTS (2022)$239M
NET TRADE (2022)$394M

In 2022, United States exported $633M in Tensile Testing Machines. The main destinations of United States exports on Tensile Testing Machines were China ($183M), South Korea ($47.9M), Canada ($42.8M), Germany ($34.8M), and United Kingdom ($28.3M).

In 2022, United States imported $239M in Tensile Testing Machines, mainly from United Kingdom ($44.2M), Germany ($40.8M), Canada ($29.4M), China ($13.5M), and Italy ($12.4M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tensile Testing Machines EXPORT MARKETS FOR United States WERE (2021 - 2022):
China$17.8M (10.7%)
Sweden$6.7M (134%)
Ukraine$5.94M (1.91k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tensile Testing Machines BY United States WERE (2021 - 2022):
Russia-$7.31M (-91.2%)
Japan-$5.07M (-19.3%)
Germany-$4.59M (-11.7%)
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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 Tensile Testing Machines were:
Germany $397M
United Kingdom $230M
In 2022, United States's main importing competitors in Tensile Testing Machines were:
China $408M
Germany $162M

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Trade Value of Tensile Testing Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $5.51M
TOP IMPORT POTENTIALChina+ $5.3M

Tensile Testing Machines’s highest export potential is Canada. With an export gap of $5.51M.   Tensile Testing Machines’s highest import potential is China with an import gap of $5.3M.

See methodology.

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