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|
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 firstname.lastname@example.org or 414-778-3372
Take Advantage of the Market Information Available to You as an NFPA Member
Need a refresher on what market information is available to you as an NFPA member? Meet with NFPA’s Economic and Statistical Services Manager, Sam Diedrich, for an overview and Q&A. NFPA provides members with a variety of report types, sources, and insights to best understand trends and outlooks in the fluid power industry. Below are…
New! NFPA Apparel Available for Purchase By Members
NFPA now has member apparel available for purchase, just in time for the Industry & Economic Outlook Conference! Visit our shop to view the different styles and colors available. Save 15% off your purchase of apparel when you register for the IEOC! For questions, please contact Allison Forsythe at email@example.com
Preview 2023 IEOC Speaker Lineup
2023 Industry & Economic Outlook Conference August 15-16, 2023 Register for IEOC NFPA’s 2023 Industry and Economic Outlook Conference is slated to offer an enriching experience to connect with key industry players as well as learn from some of the brightest minds in economics. Learn about industry forecasts, geopolitical trends, the global marketplace and more from…