U.S. Imports of Instruments for Measuring, Displaying, and Controlling Industrial Process Remained Stable over the Recent Years

Measuring, Testing, Navigating And Control Equipment June 16, 2016
Author: Irina Andreeva
Market Analyst

Photo: © alexraths / Bigstockphoto

The U.S. ranks first in global imports of instruments for measuring, displaying, and controlling industrial process variables, with a 14% share (based on USD). It was followed by China (12%) and Germany (9%). In 2015, U.S. imports of instruments for measuring, displaying, and controlling industrial process variables totaled 9,388 million USD, which was 88 million USD (1%) more than the year before.

From 2007 to 2015, U.S. imports of instruments for measuring, displaying, and controlling industrial process variables showed mixed dynamics. A significant drop in 2009 was followed by a recovery over the next two years, until growth evaporated and the market stood stable in the recent four years, slightly accelerating in 2014.

In 2011, the U.S. importers of instruments for measuring, displaying, and controlling industrial process variables overcame the pre-recession imports level achieved in 2007.

Considering the U.S. is the country with various developed industry sectors, it continues to be one of the biggest markets for global exporters.

Mexico (2,099 million USD) and China (1,941 million USD) were the main suppliers of instruments for measuring, displaying, and controlling industrial process variables into the U.S., with a combined 43% share of total U.S. imports in 2015. China was the fastest growing supplier (+8.3% per year) from 2007 to 2015, while imports from Mexico grew by +2.0% per year. China strengthened its position in U.S. imports from 13% in 2007 to 21% in 2015, while Mexico saw its share reduced by -1 percentage points to 22%.

From 2007 to 2015, the U.S. trade balance of instruments for measuring, displaying, and controlling industrial process variables tracked significant fluctuations. Generally, import and export growth rates were almost equal on average over the period under review.

In 2008-2009, the U.S. was a net exporter of instruments for measuring, displaying, and controlling industrial process variables. However, in 2010, the trade surplus rapidly turned into a deficit, which declined sharply over the next two years, until a small trade surplus appeared again in 2013. In 2014-2015, the trend changed its direction again. In 2015, this industry ran quite a significant trade deficit of 936 million USD.

Source: U.S. Instruments And Related Products For Measuring, Displaying, And Controlling Industrial Process Variables Market. Analysis And Forecast to 2020