NFPA’s 2020 U.S. Foreign Trade Data for Fluid Power Products Report breaks down U.S. fluid power foreign trade data by both country and product, with key pieces highlighted in a trade data summary sheet and a variety of foreign trade trend graphs for a quick and easy snapshot of our industry’s foreign trade activity in 2020.
A few findings included in the 2020 report were that U.S. Fluid Power Imports were $7.4B, decreasing 17.2% compared to 2019. U.S. Fluid Power Exports were $5.6B, decreasing 14.3% compared to 2019. This resulted in a deficit of $1.8B, closing the trade gap by 25.5% compared to 2019.
Update Frequency: Annual
Valuable Features:
- Access to fluid power foreign trade data sets
- Imports/Exports by Product
- Imports/Exports by Country
- Top Ten Trading Partners by Product
- Graphs that identify trends and fluctuations in:
- Balance of Trade
- Leading Sources/Destinations of FP Foreign Trade
- Emerging Sources/Destinations of FP Foreign Trade
- Additional analysis
Accessibility: NFPA’s Foreign Trade Report is available to all members, click HERE to view.
Like this post? Share it!
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…
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…
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…