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2022
Exports $122MWorld Rnk 14 / 124
Flag Rnk 703 / 1217
2022
Destination $8.46M Canada
2021 - 2022
FASTEST GROWING MARKET $8.46MKazakhstan
2022
PRODUCT COMPLEXITY IN Central Heating Boilers0.63Rnk 301 / 1025
2022
Imports $530MWorld Rnk 5 / 192
Flag Rnk 524 / 1216
2022
Origin $31.1M Canada
2021 - 2022
FASTEST GROWING ORIGIN $31.1MCanada
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $122M in Central Heating Boilers, making it the 14th largest exporter of Central Heating Boilers in the world. At the same year, Central Heating Boilers was the 703rd most exported product in United States. The main destination of Central Heating Boilers exports from United States are: Canada ($95.3M), Kazakhstan ($8.91M), South Korea ($3.29M), China ($1.45M), and Turkey ($1.24M).

The fastest growing export markets for Central Heating Boilers of United States between 2021 and 2022 were Kazakhstan ($8.46M), Canada ($6.65M), and Turkey ($1.21M).

Imports In 2022, United States imported $530M in Central Heating Boilers, becoming the 5th largest importer of Central Heating Boilers in the world. At the same year, Central Heating Boilers was the 524th most imported product in United States. United States imports Central Heating Boilers primarily from: Canada ($146M), South Korea ($110M), Germany ($86.7M), China ($34.9M), and France ($31.2M).

The fastest growing import markets in Central Heating Boilers for United States between 2021 and 2022 were Canada ($31.1M), Germany ($17.7M), and France ($16.6M).

COMPANIES In 2023, leading companies such as Electrolux (238), General Motors (72), and Goya Foods (21) were at the forefront of shipping Central Heating Boilers to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Central Heating Boilers exports accounted up to $8.77M and imports accounted up to $40.1M, resulting in a negative trade balance of $31.4M. Between June 2023 and June 2024 the exports of United States'   Central Heating Boilers have increased by $23k (0.26%) from $8.74M to $8.77M, while imports increased by $5.96M (17.4%) from $34.2M to $40.1M.

Destinations In June 2024, Central Heating Boilers were exported mostly to Canada ($7.69M), China ($171k), Mexico ($165k), New Zealand ($141k), and Kazakhstan ($110k), and were imported mostly from Canada ($14M), South Korea ($9.32M), Germany ($4.56M), China ($2.58M), and Italy ($2.29M).

Growth In June 2024, the increase in Central Heating Boilers's year-by-year exports was explained primarily by an increase in exports to Canada ($977k or 13.6%), South Korea ($342k or 12.4k%), and Colombia ($96.9k or 214%). In June 2024, the increase in Central Heating Boilers's year-by-year imports was explained primarily by an increase in imports from Germany ($3.11M or 68.1%), Japan ($2.76M or 1.36k%), and Switzerland ($1.88M or 172%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$23k(0.26%)
IMPORT GROWTH (June 2023 - June 2024)$5.96M(17.4%)
MAIN EXPORTER (June 2024)Tennessee$2.68M
MAIN DESTINATION (June 2024)Canada$7.69M

This section shows Central Heating Boilers'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 Central Heating Boilers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$122M
IMPORTS (2022)$530M
NET TRADE (2022)-$408M

In 2022, United States exported $122M in Central Heating Boilers. The main destinations of United States exports on Central Heating Boilers were Canada ($95.3M), Kazakhstan ($8.91M), South Korea ($3.29M), China ($1.45M), and Turkey ($1.24M).

In 2022, United States imported $530M in Central Heating Boilers, mainly from Canada ($146M), South Korea ($110M), Germany ($86.7M), China ($34.9M), and France ($31.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Central Heating Boilers EXPORT MARKETS FOR United States WERE (2021 - 2022):
Kazakhstan$8.46M (1.87k%)
Canada$6.65M (7.5%)
Turkey$1.21M (4.18k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Central Heating Boilers BY United States WERE (2021 - 2022):
Morocco-$5.19M (-100%)
South Korea-$4.59M (-58.2%)
China-$1.79M (-55.2%)
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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 Central Heating Boilers were:
Germany $1.38B
Austria $1.26B
Italy $1.03B
In 2022, United States's main importing competitors in Central Heating Boilers were:
Germany $1.74B
France $650M
Italy $636M

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Trade Value of Central Heating Boilers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.33M
TOP IMPORT POTENTIALGermany+ $15.7M

Central Heating Boilers’s highest export potential is China. With an export gap of $2.33M.   Central Heating Boilers’s highest import potential is Germany with an import gap of $15.7M.

See methodology.

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