U.S. Exports of Cash Registers Dropped by 6% to $221M (in 2014, YoY)
Office Machinery And Equipment July 16, 2015
The U.S. holds the second spot in the global cash register trade. In 2014, the U.S. exported 508 thousand units of cash registers totaling 221 million USD, 6% under the previous year. Its primary trading partner was its neighbor, Canada, where it supplied 27.0% of its total cash registers exports in value terms, accounting for 48.7% of Canada's total imports.
From 2007 to 2014, the U.S. was a net importer of cash registers. In this period, imports consistently exceeded exports in value terms. In physical terms, the difference was more pronounced.
China and Singapore were among the other main global suppliers of cash registers in 2014. However, the fastest growing exporters from 2007 to 2014 were Singapore (+36.6% per year) and Poland (+76.6% per year).
In 2014, the U.S.'s top 5 trading partners were Canada, Mexico, China, Chile and Venezuela, with a combined 59% share of U.S. cash register exports. The share of China increased (+6.7 percentage points), while the share of Canada illustrated negative dynamics (-2.5 percentage points).
Source: World: Cash Registers - Market Report. Analysis and Forecast to 2020
