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2022
Exports $2.11BWorld Rnk 3 / 193
Flag Rnk 148 / 1217
2022
Destination $336M Canada
2021 - 2022
FASTEST GROWING MARKET $336MCanada
2022
PRODUCT COMPLEXITY IN Electric Generating Sets0.31Rnk 443 / 1025
2022
Imports $2.63BWorld Rnk 1 / 221
Flag Rnk 202 / 1216
2022
Origin $123M China
2021 - 2022
FASTEST GROWING ORIGIN $123MIndia
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $2.11B in Electric Generating Sets, making it the 3rd largest exporter of Electric Generating Sets in the world. At the same year, Electric Generating Sets was the 148th most exported product in United States. The main destination of Electric Generating Sets exports from United States are: Canada ($733M), Mexico ($124M), Israel ($95.4M), Brazil ($91.8M), and South Korea ($64.2M).

The fastest growing export markets for Electric Generating Sets of United States between 2021 and 2022 were Canada ($336M), Chad ($50.6M), and Brazil ($45M).

Imports In 2022, United States imported $2.63B in Electric Generating Sets, becoming the 1st largest importer of Electric Generating Sets in the world. At the same year, Electric Generating Sets was the 202nd most imported product in United States. United States imports Electric Generating Sets primarily from: China ($720M), Vietnam ($429M), India ($166M), Japan ($161M), and Germany ($158M).

The fastest growing import markets in Electric Generating Sets for United States between 2021 and 2022 were India ($123M), Hungary ($92.6M), and Denmark ($66.5M).

COMPANIES In 2023, leading companies such as Volvo (125), YAMAHA CORPORATION OF AMERICA (28), and CrimsonLogic (24) were at the forefront of shipping Electric Generating Sets to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Electric Generating Sets exports accounted up to $185M and imports accounted up to $145M, resulting in a positive trade balance of $39.5M. Between June 2023 and June 2024 the exports of United States'   Electric Generating Sets have increased by $3.67M (2.02%) from $181M to $185M, while imports decreased by $-47.9M (-24.8%) from $193M to $145M.

Destinations In June 2024, Electric Generating Sets were exported mostly to Canada ($81.2M), Mexico ($18.4M), Libya ($12.8M), India ($6.06M), and Peru ($5.65M), and were imported mostly from Spain ($32.9M), Vietnam ($28.4M), China ($16.9M), Brazil ($10.6M), and Austria ($7.74M).

Growth In June 2024, the increase in Electric Generating Sets's year-by-year exports was explained primarily by an increase in exports to Netherlands ($12.8M or 268%), Ukraine ($8.91M or 3.76k%), and Canada ($6.81M or 23.5%). In June 2024, the decrease in Electric Generating Sets's year-by-year imports was explained primarily by a decrease in imports from China ($-67M or -84.5%), Vietnam ($-47.7M or -79.3%), and Thailand ($-1.72M or -18.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$3.67M(2.02%)
IMPORT GROWTH (June 2023 - June 2024)$-47.9M(-24.8%)
MAIN EXPORTER (June 2024)Texas$92.5M
MAIN DESTINATION (June 2024)Canada$81.2M

This section shows Electric Generating Sets'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 Electric Generating Sets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.11B
IMPORTS (2022)$2.63B
NET TRADE (2022)-$516M

In 2022, United States exported $2.11B in Electric Generating Sets. The main destinations of United States exports on Electric Generating Sets were Canada ($733M), Mexico ($124M), Israel ($95.4M), Brazil ($91.8M), and South Korea ($64.2M).

In 2022, United States imported $2.63B in Electric Generating Sets, mainly from China ($720M), Vietnam ($429M), India ($166M), Japan ($161M), and Germany ($158M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Generating Sets EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$336M (84.6%)
Chad$50.6M (1%)
Brazil$45M (96.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Generating Sets BY United States WERE (2021 - 2022):
Mexico-$226M (-64.5%)
Nicaragua-$67M (-96.7%)
United Arab Emirates-$19.3M (-30.9%)
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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 Electric Generating Sets were:
China $8.15B
Germany $2.85B
In 2022, United States's main importing competitors in Electric Generating Sets were:
Canada $1.37B
United Kingdom $1.02B

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Trade Value of Electric Generating Sets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $21.3M
TOP IMPORT POTENTIALChina+ $117M

Electric Generating Sets’s highest export potential is China. With an export gap of $21.3M.   Electric Generating Sets’s highest import potential is China with an import gap of $117M.

See methodology.

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