2019 U.S. Fluid Power Product Exports Summary Released

U.S. fluid power products exports reached a record high of nearly 6.6 billion dollars in 2019 despite a declining domestic fluid power marketplace and the uncertainty caused by unstable trade policies and tariffs throughout the year. While very little changed in 2019 concerning major trade partners and leading U.S. fluid power product exports, the results of the recently released 2019 Foreign Trade Report reveal consistent industry trends.

Foreign Trade chart for fluid power

The 2019 U.S. fluid power exports continued it’s consistent growth trend over the last 10 years, narrowly surpassing 2018 with 0.2% growth.

Foreign Trade chart

While our two top U.S. fluid power exports trade partners did switch places, as did Japan and Australia, there wasn’t much change to the top trading partners. The top five partners represent over half of the industry’s exports at 56% while the top ten trading partners represent 73%.  The remaining 27% of our exports is divided among 182 other countries.

Foreign Trade chart

Export data also typically doesn’t show much change when it comes to U.S. exports by fluid power product type. “Parts of actuators and motors” dropped a couple spots, but that is the only change of note.  The top five fluid power products represent 60% of all U.S. fluid power product exports, while the top ten represent almost 90%.

All the data used to generate the graphs and information above can be found in NFPA’s 2019 Foreign Trade Report, an exclusive benefit of NFPA membership.  This report is currently available by CLICKING HERE.

Questions? Contact Eric Armstrong at earmstrong@nfpa.com or (414) 778-3372. Eric Armstrong also offers a Market Information Resource Walk-Through Webinar to those interested in learning more about the valuable resources available with NFPA membership.

Recent Posts

Mark Your Calendars – Upcoming Events of 2023!

Trying to plan ahead for future travel? Use this article to lock-in these events into your calendar! Purdue University Recruitment and Networking Event April 18, 2023 Virtual Delivery Vehicle Challenge Final Competitions April 12-14, 2023 | April 26-28, 2023 Norgren; Littleton, CO | Danfoss; Ames, IA Fluid Power Forum Exhibit and Member Reception at Offshore Technology…

Read More

You’re Invited: Purdue University Recruitment and Networking Event

Byline: Kyla Olson, Workforce Program and Event Manager Tuesday, April 18th, NFPA will be hosting a two-part virtual event with Purdue University. We will begin with the Indiana Workforce Engagement Group meeting where you can expect an open discussion between NFPA staff, Purdue University faculty, and industry representatives from NFPA member companies. This is meant…

Read More

Power Partner University Murray State University Focuses Heavily on Automation and Controls within Industry- Fluid Power Forum Episode 96 Now Live

This episode features Jake Hildebrant, a Professor of Electromechanical and Manufacturing Engineering Technology at Murray State University. Listen to the Podcast Here As we all know, education plays a crucial role in developing the fluid power workforce. We invited Jake into our forum to welcome Murray State University as a first-year Power Partner University, while also learning…

Read More