Safes in United States | The Observatory of Economic Complexity

About

Exports In 2022, United States exported $38.3M in Safes, making it the 9th largest exporter of Safes in the world. At the same year, Safes was the 900th most exported product in United States. The main destination of Safes exports from United States are: Canada ($10.3M), Mexico ($9.72M), Japan ($2.49M), Australia ($1.51M), and France ($1.42M).

The fastest growing export markets for Safes of United States between 2021 and 2022 were Mexico ($3.18M), Canada ($1.45M), and Australia ($787k).

Imports In 2022, United States imported $440M in Safes, becoming the 1st largest importer of Safes in the world. At the same year, Safes was the 574th most imported product in United States. United States imports Safes primarily from: China ($296M), Mexico ($101M), South Korea ($8.72M), Vietnam ($8M), and Slovenia ($6.76M).

The fastest growing import markets in Safes for United States between 2021 and 2022 were Slovenia ($3.4M), Cambodia ($907k), and India ($822k).

COMPANIES In 2023, leading companies such as Costco Wholesale (37), Disney Cruise Line (5), and Walgreens (4) were at the forefront of shipping Safes to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Safes exports accounted up to $3.78M and imports accounted up to $26.6M, resulting in a negative trade balance of $22.9M. Between June 2023 and June 2024 the exports of United States' Safes have increased by $853k (29.2%) from $2.92M to $3.78M, while imports increased by $1.34M (5.29%) from $25.3M to $26.6M.

Destinations In June 2024, Safes were exported mostly to Canada ($1.41M), Peru ($626k), Germany ($339k), Saudi Arabia ($234k), and Indonesia ($190k), and were imported mostly from China ($17.7M), Mexico ($3.31M), Vietnam ($2.64M), Slovenia ($630k), and Chinese Taipei ($426k).

Growth In June 2024, the increase in Safes's year-by-year exports was explained primarily by an increase in exports to Japan ($137k or 141%), France ($81.1k or 70.3%), and Philippines ($72.6k or 165%). In June 2024, the increase in Safes's year-by-year imports was explained primarily by an increase in imports from Slovenia ($599k or 965%), Vietnam ($229k or 106%), and Italy ($49k or 330%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)$853k(29.2%)

IMPORT GROWTH (June 2023 - June 2024)$1.34M(5.29%)

MAIN EXPORTER (June 2024)Arizona$916k

MAIN DESTINATION (June 2024)Canada$1.41M

This section shows Safes'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 Safes over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$38.3M

IMPORTS (2022)$440M

NET TRADE (2022)-$402M

In 2022, United States exported $38.3M in Safes. The main destinations of United States exports on Safes were Canada ($10.3M), Mexico ($9.72M), Japan ($2.49M), Australia ($1.51M), and France ($1.42M).

In 2022, United States imported $440M in Safes, mainly from China ($296M), Mexico ($101M), South Korea ($8.72M), Vietnam ($8M), and Slovenia ($6.76M).

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