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2022
Exports $11.3MWorld Rnk 3 / 136
Flag Rnk 1053 / 1217
2022
Destination $3.88M Guatemala
2021 - 2022
FASTEST GROWING MARKET $3.88MGuatemala
2022
Imports $10.3MWorld Rnk 1 / 194
Flag Rnk 1116 / 1216
2022
Origin $699k India
2021 - 2022
FASTEST GROWING ORIGIN $699kUnited Kingdom
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $11.3M in Cotton Sewing Thread, making it the 3rd largest exporter of Cotton Sewing Thread in the world. At the same year, Cotton Sewing Thread was the 1053rd most exported product in United States. The main destination of Cotton Sewing Thread exports from United States are: Guatemala ($5.12M), Dominican Republic ($3.03M), Mexico ($1.15M), Canada ($576k), and Nicaragua ($201k).

The fastest growing export markets for Cotton Sewing Thread of United States between 2021 and 2022 were Guatemala ($3.88M), Nicaragua ($196k), and Mexico ($147k).

Imports In 2022, United States imported $10.3M in Cotton Sewing Thread, becoming the 1st largest importer of Cotton Sewing Thread in the world. At the same year, Cotton Sewing Thread was the 1116th most imported product in United States. United States imports Cotton Sewing Thread primarily from: India ($2.09M), Italy ($2.08M), China ($1.35M), United Kingdom ($1.12M), and Japan ($803k).

The fastest growing import markets in Cotton Sewing Thread for United States between 2021 and 2022 were United Kingdom ($699k), Greece ($151k), and Mexico ($76.5k).

COMPANIES In 2023, leading companies such as CrimsonLogic (6) and 99 Cents Only Stores (1) were at the forefront of shipping Cotton Sewing Thread to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Cotton Sewing Thread exports accounted up to $120k and imports accounted up to $991k, resulting in a negative trade balance of $871k. Between June 2023 and June 2024 the exports of United States'   Cotton Sewing Thread have decreased by $-90.8k (-43.2%) from $210k to $120k, while imports decreased by $-118k (-10.6%) from $1.11M to $991k.

Destinations In June 2024, Cotton Sewing Thread were exported mostly to Canada ($42.7k), Italy ($33.9k), Mexico ($31.4k), India ($6.47k), and Japan ($5.23k), and were imported mostly from Italy ($455k), India ($207k), Egypt ($93.3k), Romania ($91.5k), and China ($38.7k).

Growth In June 2024, the decrease in Cotton Sewing Thread's year-by-year exports was explained primarily by a decrease in exports to Canada ($-17.6k or -37.5%). In June 2024, the decrease in Cotton Sewing Thread's year-by-year imports was explained primarily by a decrease in imports from Mexico ($-11.3k or -24.8%), Germany ($-4.21k or -62.3%), and France ($-511 or -26.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-90.8k(-43.2%)
IMPORT GROWTH (June 2023 - June 2024)$-118k(-10.6%)
MAIN EXPORTER (June 2024)Minnesota$93k
MAIN DESTINATION (June 2024)Canada$42.7k

This section shows Cotton Sewing Thread's exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Cotton Sewing Thread over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$11.3M
IMPORTS (2022)$10.3M
NET TRADE (2022)$908k

In 2022, United States exported $11.3M in Cotton Sewing Thread. The main destinations of United States exports on Cotton Sewing Thread were Guatemala ($5.12M), Dominican Republic ($3.03M), Mexico ($1.15M), Canada ($576k), and Nicaragua ($201k).

In 2022, United States imported $10.3M in Cotton Sewing Thread, mainly from India ($2.09M), Italy ($2.08M), China ($1.35M), United Kingdom ($1.12M), and Japan ($803k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cotton Sewing Thread EXPORT MARKETS FOR United States WERE (2021 - 2022):
Guatemala$3.88M (312%)
Nicaragua$196k (4.21k%)
Mexico$147k (14.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cotton Sewing Thread BY United States WERE (2021 - 2022):
Dominican Republic-$3.11M (-50.7%)
El Salvador-$80k (-45.8%)
United Kingdom-$48.8k (-73%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Cotton Sewing Thread were:
China $32.9M
India $17.3M
In 2022, United States's main importing competitors in Cotton Sewing Thread were:
Guatemala $9.51M
Dominican Republic $8.08M

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Trade Value of Cotton Sewing Thread by Exporters

Potential Exports

Potential Exports

Flow
View
N/A
N/AN/A
N/AN/A

Cotton Sewing Thread’s highest export potential is N/A. With an export gap of N/A.   Cotton Sewing Thread’s highest import potential is N/A with an import gap of N/A.

See methodology.

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