Exports: Machine tools for removing metal
Machine tools for removing metal, the No. 662 export by value totaled $6.87 million for the month of May, $49.38 million through May of 2020, and $145.27 million for all of 2019, the latest annual data available, according to U.S. Census Bureau data analyzed by WorldCity. Need more details? Read more
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Top Markets
| Rank | Country | YTD |
|---|---|---|
| 1 | Japan | $10.09 M |
| 2 | Mexico | $9.62 M |
| 3 | Canada | $8.16 M |
| 4 | Germany | $3.38 M |
| 5 | China | $3.34 M |
| 6 | South Korea | $1.36 M |
| 7 | Russia | $1.19 M |
| 8 | United Kingdom | $1.14 M |
| 9 | The Netherlands | $1.03 M |
| 10 | Colombia | $940,756 |
Top Gateways
| Rank | Port | YTD |
|---|---|---|
| 1 | Port Laredo | $5.67 M |
| 2 | Port of Virginia | $4.78 M |
| 3 | Port of Savannah, Ga. | $3.57 M |
| 4 | Chicago O'Hare International Airport | $2.99 M |
| 5 | Los Angeles International Airport | $2.94 M |
| 6 | Otay Mesa Freeway Border Crossing, Calif. | $2.52 M |
| 7 | Buffalo Peace Bridge, NY | $2.14 M |
| 8 | Port of Baltimore, Md. | $1.96 M |
| 9 | Detroit Ambassador Bridge, Mich. | $1.77 M |
| 10 | Port of Newark | $1.75 M |
U.S. exports of Machine tools for removing metal decreased 17.01 percent through May to $49.38 million
U.S. exports of Machine tools for removing metal decreased 17.01 percent from $59.5 million to $49.38 million through the first five months of 2020 when compared to the same period the previous year, according to WorldCity analysis of the latest U.S. Census Bureau data.
The category ranked 662 through May among the roughly 1,265 export commodity groupings as classified by Census. It ranked No. 655 for the last full year with a total value of $145.27 million, a $24.42 million, 14.39 percent decreased from the 2018 total.
Through May of this year the leading sources were No. 1 Canada, No. 2 Mexico, No. 3 Japan, No. 4 China and No. 5 Germany. The leading gateways were No. 1 Port Laredo, No. 2 Port of Virginia, No. 3 Port of Savannah, Ga., No. 4 Chicago O’Hare International Airport and No. 5 Los Angeles International Airport.
In the last previous full year, the leading sources were No. 1 Mexico, No. 2 Canada, No. 3 Japan, No. 4 China and No. 5 Italy. The leading gateways were No. 1 Port Laredo, No. 2 Port of New York, No. 3 Port of Newark, No. 4 Port of Virginia and No. 5 Port Huron Blue Water Bridge, Mich..
Looking at specific airports, seaports and border crossings, the top five through through the first five months of the year were:
Highlights for the top five ports:
- Port Laredo fell 34.74 percent compared to last year to $5.67 million.
- Port of Virginia rose 0.29 percent compared to last year to $4.78 million.
- Port of Savannah, Ga. rose 613.52 percent compared to last year to $3.57 million.
- Chicago O’Hare International Airport rose 6.34 percent compared to last year to $2.99 million.
- Los Angeles International Airport rose 52.44 percent compared to last year to $2.94 million.
There are several hundred airports, seaports and border crossings that handle international trade; they are, in turn, part of the roughly four dozen U.S. Customs districts.
Highlights for the top five foreign markets:
- U.S. exports from No. 1 Canada decreased $3.18 million, 9.87 percent, (58.79 percent market share).
- U.S. exports from No. 2 Mexico decreased $6.7 million, 19.24 percent, (56.98 percent market share).
- U.S. exports from No. 3 Japan increased $1.26 million, 7.8 percent, (35.2 percent market share).
- U.S. exports from No. 4 China increased $538,758, 3.61 percent, (31.3 percent market share).
- U.S. exports from No. 5 Germany decreased $360,502, 5.17 percent, (13.38 percent market share).
All totaled, 66.51 percent of all these Machine tools for removing metal exports from the United States were shipped from the top five markets through May of this year. That is equal to $96.62 million of the $145.27 million total.
All totaled, 40.4 percent of all these Machine tools for removing metal exports to the United States were shipped to the top five Ports through May of this year. That is equal to $19.95 million of the $49.38 million total