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2022
Exports $16.6MWorld Rnk 8 / 99
Flag Rnk 1018 / 1217
2022
Destination $2.72M Mexico
2021 - 2022
FASTEST GROWING MARKET $2.72MNetherlands
2022
Imports $27.7MWorld Rnk 3 / 175
Flag Rnk 1045 / 1216
2022
Origin $620k Senegal
2021 - 2022
FASTEST GROWING ORIGIN $620kChinese Taipei
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $16.6M in Processed Synthetic Staple Fibers, making it the 8th largest exporter of Processed Synthetic Staple Fibers in the world. At the same year, Processed Synthetic Staple Fibers was the 1018th most exported product in United States. The main destination of Processed Synthetic Staple Fibers exports from United States are: Mexico ($3.78M), Netherlands ($3.05M), South Korea ($1.79M), Turkey ($1.39M), and Germany ($753k).

The fastest growing export markets for Processed Synthetic Staple Fibers of United States between 2021 and 2022 were Netherlands ($2.72M), Mexico ($2.11M), and Turkey ($1.13M).

Imports In 2022, United States imported $27.7M in Processed Synthetic Staple Fibers, becoming the 3rd largest importer of Processed Synthetic Staple Fibers in the world. At the same year, Processed Synthetic Staple Fibers was the 1045th most imported product in United States. United States imports Processed Synthetic Staple Fibers primarily from: Senegal ($23.6M), Peru ($1.05M), Chinese Taipei ($863k), China ($624k), and Germany ($316k).

The fastest growing import markets in Processed Synthetic Staple Fibers for United States between 2021 and 2022 were Chinese Taipei ($620k), Italy ($128k), and China ($126k).

Latest Trends

June 2024

About

Overview In June 2024 United States' Processed Synthetic Staple Fibers exports accounted up to $562k and imports accounted up to $45.6k, resulting in a positive trade balance of $516k. Between June 2023 and June 2024 the exports of United States'   Processed Synthetic Staple Fibers have decreased by $-1.08M (-65.7%) from $1.64M to $562k, while imports decreased by $-261k (-85.1%) from $306k to $45.6k.

Destinations In June 2024, Processed Synthetic Staple Fibers were exported mostly to South Korea ($167k), Mexico ($127k), Israel ($82.9k), United Kingdom ($39k), and Indonesia ($31.2k), and were imported mostly from China ($20.8k), Germany ($7.29k), Italy ($5.72k), France ($5.3k), and India ($3.85k).

Growth In June 2024, the decrease in Processed Synthetic Staple Fibers's year-by-year exports was explained primarily by a decrease in exports to South Korea ($-515k or -94.1%) and Netherlands ($-246k or -60.7%). In June 2024, the decrease in Processed Synthetic Staple Fibers's year-by-year imports was explained primarily by a decrease in imports from China ($-29.2k or -70.6%) and Italy ($-1.58k or -21%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-1.08M(-65.7%)
IMPORT GROWTH (June 2023 - June 2024)$-261k(-85.1%)
MAIN EXPORTER (June 2024)North Carolina$1.01M
MAIN DESTINATION (June 2024)South Korea$167k

This section shows Processed Synthetic Staple Fibers'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 Processed Synthetic Staple Fibers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$16.6M
IMPORTS (2022)$27.7M
NET TRADE (2022)-$11.1M

In 2022, United States exported $16.6M in Processed Synthetic Staple Fibers. The main destinations of United States exports on Processed Synthetic Staple Fibers were Mexico ($3.78M), Netherlands ($3.05M), South Korea ($1.79M), Turkey ($1.39M), and Germany ($753k).

In 2022, United States imported $27.7M in Processed Synthetic Staple Fibers, mainly from Senegal ($23.6M), Peru ($1.05M), Chinese Taipei ($863k), China ($624k), and Germany ($316k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Processed Synthetic Staple Fibers EXPORT MARKETS FOR United States WERE (2021 - 2022):
Netherlands$2.72M (807%)
Mexico$2.11M (127%)
Turkey$1.13M (431%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Synthetic Staple Fibers BY United States WERE (2021 - 2022):
China-$444k (-79.9%)
Canada-$406k (-58.7%)
South Korea-$328k (-15.5%)
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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 Processed Synthetic Staple Fibers were:
Senegal $36.9M
China $36.5M
Japan $36.5M
In 2022, United States's main importing competitors in Processed Synthetic Staple Fibers were:
Senegal $45.4M
Turkey $29.5M

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Trade Value of Processed Synthetic Staple Fibers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $283k
TOP IMPORT POTENTIALChina+ $675k

Processed Synthetic Staple Fibers’s highest export potential is Canada. With an export gap of $283k.   Processed Synthetic Staple Fibers’s highest import potential is China with an import gap of $675k.

See methodology.

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