The U.S. International Trade Commission recently posted full 2017 trade data to its website. The data is made available in a huge searchable database, but fluid power products are scattered across a series of NAICS codes.
To get all the fluid power products in one place, take a look at NFPA’s Annual Fluid Power Import-Export Report, now posted on the NFPA Market Information website. We’ve taken the work out of finding the fluid power in the database and pulling this all into a summary. You can see import and export dollars for fluid power by both country of origin and destination, as well as by fluid power component type. If you want to know what NAICS codes are used for fluid power, you can see that as well. And we’ve created some graphs showing trends in destination and origin, as well as by product.
Some quick highlights…
- Imports of fluid power overall grew 11% in 2017, while exports grew 6%.
- Four countries are the source for 58% of all fluid power imports, in order: Mexico, Germany, Japan, and China. While imports from Germany of Japan are about the same as 2012 levels, imports from Mexico and China have grown, 70% and 40% respectively, from 2012. Dig further into details, and you can see a jump in imports from some Eastern European countries the past couple years.
- On the export side, Canada and Mexico are the destination countries for 33% of exported fluid power product. Add the exports for China, Germany, and the U.K, and the five countries are destination for 55% of all fluid power exports in 2017.
- For product, hydraulic and pneumatic valves fare better in trade, nearly breaking even on imports and exports, whereas the import value of pumps, motors, and actuators is much greater than the export value.