Computer Storage Device Market - U.S. Computer Storage Device Imports Displayed a Downward Trend over the Recent Years, with a Trade Deficit of Approximately 5.9 Billion USD in 2015

Computers And Peripheral Equipment June 20, 2016
Author: Irina Andreeva
Market Analyst

computer storage device market

Photo: © suriyaph / Bigstockphoto

The U.S. takes second place in global imports on the computer storage device market, with a 16% share (based on USD), following China (26%). In 2015, U.S. computer storage device imports totaled 11,203 million USD, which was 424 million USD (4%) less than the year before.

From 2007 to 2015, U.S. computer storage device imports showed mixed dynamics. A significant drop in 2009 was followed by a period of fluctuations over the next two years, until imports hiked in 2012. However, in 2013, imports turned downwards and recorded a steady decline over the last three years. During a hike in 2012, imports temporarily overcame the peak level of 2007. However, a downward trend over the last years put it back to the levels slightly lower the pre-crisis level.

Although imports reduced over the recent years, the U.S. continues to be one of the biggest markets for global exporters.

Thailand and China were the main suppliers of computer storage devices into the U.S., with a combined 68% share of total U.S. imports in 2015. However, the fastest growing suppliers were Thailand (+7.1% per year) and Mexico (+13.5% per year, ranking third with a 9% share) from 2007 to 2015. Thailand significantly strengthened its position in U.S. imports, from 22% in 2007 to 40% in 2015. By contrast, China saw its share reduced by -1 percentage point to 29%.

From 2007 to 2015, the U.S. was a net importer of computer storage devices. However, exports grew faster than imports on average over the period under review.

The U.S. trade deficit in this sector recorded several fluctuations, but, generally, improved over the recent years, declining from 7,039 million USD in 2012 to 5,870 million USD in 2014.

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Source: U.S. Computer Storage Device Market. Analysis And Forecast to 2020