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
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