All four quarters of USITC 2024 data have been released, revealing how it has been measuring up to 2023 US trade levels for fluid power products.
|
Total US Trade (Q1-Q4) |
2024 Dollars |
2023 Dollars |
YTD % change |
|
Imports to US |
$11,504,939,225 |
$11,602,906,490 |
-0.84% |
|
Exports from US |
$7,830,416,815 |
$7,603,936,401 |
2.98% |
All data in this article can be found in NFPA’s International Trade for Fluid Power Products report with a member login.
Access the full report here: https://www.nfpa.com/international-fluid-power
The table below details the top 5 sources of fluid power by dollars of fluid power products imported to the United States. The top 5 Fluid Power sources of imports remained unchanged in their lineup from 2023 to 2024.
|
Country |
2024 Imports to US |
2023 Imports to US |
YTD % Change |
|
Mexico |
$2.34 billion |
$2.25 billion |
3.79% |
|
Germany |
$1.67 billion |
$1.79 billion |
-7.30% |
|
Japan |
$1.46 billion |
$1.47 billion |
-0.57% |
|
China |
$1.01 billion |
$1.04 billion |
-3.44% |
|
Canada |
$0.85 billion |
$0.94 billion |
-9.52% |
The table below shows the top 5 destinations for the United States’ fluid power exports. The top 5 Fluid Power destinations shuffled slightly from 2023 to 2024.
|
Country |
2024 Exports from US |
2023 Exports from US |
YTD % Change |
|
Mexico |
$1.17 billion |
$1.15 billion |
2.10% |
|
Canada |
$1.13 billion |
$1.21 billion |
-6.45% |
|
China |
$0.499 billion |
$0.457 billion |
9.44% |
|
United Kingdom |
$0.498 billion |
$0.441 billion |
12.93% |
|
Germany |
$0.484 billion |
$0.479 billion |
1.01% |
Most traded products from each top three countries in 2024:
The tables below detail the ten most imported products from each of the top 3 sources of fluid power in 2024.
|
Mexico |
Germany |
Japan |
|||
|
Product |
$ Imports to US |
Product |
$ Imports to US |
Product |
$ Imports to US |
|
Hydr. Pumps, Reciprocating |
$598,663,020 |
Hydraulic Valves |
$264,543,470 |
Hydr. Pumps, Reciprocating |
$452,471,451 |
|
Hydraulic Valves |
$484,576,305 |
Vacuum Pumps |
$199,005,731 |
Hydraulic Valves |
$176,302,628 |
|
Parts of Actuators and Motors |
$266,160,071 |
Hydr. Pumps, Reciprocating |
$185,515,368 |
Vacuum Pumps |
$147,929,432 |
|
Pneumatic Valves |
$247,904,403 |
Hydraulic Pumps, Rotary |
$160,212,660 |
Parts of Pumps |
$135,879,540 |
|
Pneumatic Actuators, Linear |
$143,665,899 |
Parts of Actuators and Motors |
$153,609,309 |
Hydraulic Pumps, Rotary |
$124,873,115 |
|
Hydraulic Pumps, Rotary |
$142,727,593 |
Hydraulic Actuators, Linear |
$148,903,267 |
Hydraulic Actuators, Linear |
$119,199,603 |
|
Parts of Valves |
$123,266,008 |
Hydraulic Motors |
$123,100,739 |
Hydraulic Motors |
$80,781,291 |
|
Hydraulic Actuators, Linear |
$96,718,039 |
Parts of Pumps |
$98,748,567 |
Pneumatic Valves |
$63,676,079 |
|
Hydraulic Filters |
$62,085,285 |
Pneumatic Valves |
$72,526,300 |
Parts of Valves |
$48,102,001 |
|
Parts of Pumps |
$61,756,137 |
Pneumatic Actuators, Linear |
$68,502,612 |
Pneumatic Actuators, Linear |
$32,884,994 |
The tables below detail the ten most exported products to each of the top 3 destinations of fluid power in 2024.
|
Mexico |
Canada |
China |
|||
|
Product |
$ Exports from US |
Product |
$ Exports from US |
Product |
$ Exports from US |
|
Hydr. Pumps, Reciprocating |
$224,366,920 |
Pneumatic Valves |
$170,162,386 |
Hydraulic Valves |
$105,472,430 |
|
Hydraulic Valves |
$182,794,640 |
Hydraulic Actuators, Linear |
$140,431,467 |
Hydr. Pumps, Reciprocating |
$82,788,750 |
|
Parts of Valves |
$132,452,256 |
Hydr. Pumps, Reciprocating |
$115,131,644 |
Hydraulic Actuators, Linear |
$52,011,161 |
|
Hydraulic Actuators, Linear |
$97,270,231 |
Parts of Actuators and Motors |
$101,042,852 |
Hydraulic Pumps, Rotary |
$35,005,612 |
|
Pneumatic Valves |
$93,614,800 |
Hydraulic Pumps, Rotary |
$98,532,787 |
Parts of Actuators and Motors |
$28,125,093 |
|
Hydraulic Pumps, Rotary |
$75,504,396 |
Hydraulic Valves |
$97,925,664 |
Pneumatic Valves |
$27,610,245 |
|
Vacuum Pumps |
$72,863,725 |
Hydraulic Actuators Rotary |
$75,291,438 |
Vacuum Pumps |
$24,337,312 |
|
Parts of Actuators and Motors |
$64,515,898 |
Vacuum Pumps |
$50,962,886 |
Parts of Pumps |
$24,003,297 |
|
Parts of Pumps |
$52,680,482 |
Pneumatic Actuators, Linear |
$45,124,189 |
Pneumatic Motors |
$18,750,141 |
|
Pneumatic Actuators, Linear |
$35,924,823 |
Hydraulic Fluids |
$42,076,012 |
Hydraulic and Pneumatic Instruments |
$18,312,374 |
Access the full report here: https://www.nfpa.com/international-fluid-power
Check out international trade data and much more in the Stats Dashboard: https://www.nfpa.com/statsdashboard
Questions? Contact Cecilia Bart at cbart@nfpa.com or (414) 259-2027.
