Electromagnets in   United States

Overview In June 2024 United States' Electromagnets exports accounted up to $45.5M and imports accounted up to $93.6M, resulting in a negative trade balance of $48.2M. Between June 2023 and June 2024 the exports of United States'   Electromagnets have decreased by $-2.07M (-4.34%) from $47.6M to $45.5M, while imports decreased by $-15.7M (-14.4%) from $109M to $93.6M.

Destinations In June 2024, Electromagnets were exported mostly to Mexico ($12.3M), Canada ($8.12M), China ($5.01M), Germany ($3.18M), and Netherlands ($2.72M), and were imported mostly from China ($47.3M), Mexico ($11.3M), Germany ($7.24M), Japan ($4.84M), and South Korea ($2.54M).

Growth In June 2024, the decrease in Electromagnets's year-by-year exports was explained primarily by a decrease in exports to Switzerland ($-572k or -73.6%), Chinese Taipei ($-445k or -57.6%), and South Korea ($-392k or -46%). In June 2024, the decrease in Electromagnets's year-by-year imports was explained primarily by a decrease in imports from China ($-2.84M or -5.12%), Mexico ($-1.08M or -13.2%), and Italy ($-865k or -28.3%).