Data from Q1 2023 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 and exports of fluid power products continued to increase in Q1 2023 when graphed on a 12 month moving average (12mma). U.S. imports remain well above U.S. exports with March 2023 having a trade balance of -$232 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 (Apr 2022 – Mar 2023) | Negative Trade Balances (Apr 2022 – Mar 2023) | ||
| Country | Exports – Imports | Country | Exports – Imports |
| Canada | $667,492,154 | Japan | -$1,204,958,046 |
| Brazil | $432,482,719 | Germany | -$1,093,283,020 |
| Australia/New Zealand | $301,776,014 | Mexico | -$679,224,010 |
This data and more can be found in NFPA’s U.S. Foreign Trade of Fluid Power Products report.
For questions, contact Sam Diedrich at sdiedrich@nfpa.com or 414-778-3372
Like this post? Share it!
Recent Posts
Fall 2024 Fluid Power Recruitment Event with NIU
RSVP for our Fall 2024 Fluid Power Recruitment Event with Northern Illinois University (NIU). NIU is one of seven universities recognized as a Power Partner, teaching fluid power competencies and engaging in all NFPA educational programs. At this event, your company will have the opportunity to connect directly with NIU engineering students. Engaging in meaningful conversations,…
Now Announcing: Cuyahoga Community College as a Fast Track Hub in Ohio
NFPA’s Fast Track to Fluid Power is a workforce development pathway that partners local technical colleges with fluid power industry members and high school teachers. These networks create awareness and interest in fluid power and train students along a path that leads to careers in fluid power at NFPA member companies. We are pleased to…
Now Announcing: Houston Community College as a Fast Track Hub in Texas
NFPA’s Fast Track to Fluid Power is a workforce development pathway that partners local technical colleges with fluid power industry members and high school teachers. These networks create awareness and interest in fluid power and train students along a path that leads to careers in fluid power at NFPA member companies. We are pleased to…