Data from Q1 2024 has been updated in NFPA’s U.S. Foreign Trade of Fluid Power report. This report tracks value of U.S. imports and exports filtered by fluid power products. Total U.S. imports of fluid power products appear to plateau in Q1 2024 while Total U.S. exports of continued to increase when graphed on a 12-month moving average (12mma). U.S. imports remain well above U.S. exports with April 2024 having a trade balance of -$321 million (exports – imports, graphed on a 12mma).
Within the foreign trade report, we can see trade balances with various countries. The table below details the most significant balances over the last 12 months, positive and negative.
Positive Trade Balances (May 2023 – Apr 2024)
| Country | Exports – Imports |
| Brazil | $333,515,357 |
| Canada | $270,041,684 |
| Australia/New Zealand | $243,305,866 |
Negative Trade Balances (May 2023 – Apr 2024)
| Country | Exports – Imports |
| Germany | -$1,304,605,496 |
| Japan | -$1,210,001,748 |
| Mexico | -$1,131,286,101 |
Mexico’s negative trade balance can be seen steadily growing larger and more negative since 2022 in the graphed on a 12mma below.
This data and more can be found in NFPA’s U.S. Foreign Trade of Fluid Power Products report.
For questions, contact Cecilia Bart at cbart@nfpa.com or 414-259-2027.
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