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2022
Exports $29.4MWorld Rnk 12 / 105
Flag Rnk 2447 / 4632
2022
Destination $3.11M Canada
2021 - 2022
FASTEST GROWING MARKET $3.11MCanada
2022
Imports $533MWorld Rnk 1 / 195
Flag Rnk 825 / 4573
2022
Origin $3.78M Canada
2021 - 2022
FASTEST GROWING ORIGIN $3.78MLatvia
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $29.4M in Peat (including peat litter), making it the 12th largest exporter of Peat (including peat litter) in the world. At the same year, Peat (including peat litter) was the 2447th most exported product in United States. The main destination of Peat (including peat litter) exports from United States are: Canada ($15.9M), Mexico ($9.81M), South Africa ($1.07M), Australia ($613k), and Kuwait ($412k).

The fastest growing export markets for Peat (including peat litter) of United States between 2021 and 2022 were Canada ($3.11M), Mexico ($2.13M), and Kuwait ($412k).

Imports In 2022, United States imported $533M in Peat (including peat litter), becoming the 1st largest importer of Peat (including peat litter) in the world. At the same year, Peat (including peat litter) was the 825th most imported product in United States. United States imports Peat (including peat litter) primarily from: Canada ($497M), Latvia ($14.2M), Netherlands ($8.04M), Estonia ($5.37M), and Russia ($2.61M).

The fastest growing import markets in Peat (including peat litter) for United States between 2021 and 2022 were Latvia ($3.78M), Estonia ($3.17M), and Russia ($2.21M).

COMPANIES In 2023, leading companies such as IKEA Group (135k), CrimsonLogic (98.6k), and Dole Fresh Fruit (62.1k) were at the forefront of shipping Peat (including peat litter) to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Peat (including peat litter) exports accounted up to $2.1M and imports accounted up to $24.4M, resulting in a negative trade balance of $22.3M. Between June 2023 and June 2024 the exports of United States'   Peat (including peat litter) have decreased by $-155k (-6.87%) from $2.25M to $2.1M, while imports decreased by $-9.25M (-27.5%) from $33.6M to $24.4M.

Destinations In June 2024, Peat (including peat litter) were exported mostly to Canada ($914k), Mexico ($894k), South Africa ($231k), Monaco ($19.3k), and Cayman Islands ($14.3k), and were imported mostly from Canada ($23.2M), Latvia ($538k), Estonia ($339k), Spain ($120k), and Netherlands ($91.2k).

Growth In June 2024, the decrease in Peat (including peat litter)'s year-by-year exports was explained primarily by a decrease in exports to Canada ($-788k or -36%), Bermuda ($-13.1k or -46.9%), and Dominican Republic ($-11.2k or -47.2%). In June 2024, the decrease in Peat (including peat litter)'s year-by-year imports was explained primarily by a decrease in imports from Latvia ($-854k or -48.7%), Canada ($-393k or -1.13%), and Netherlands ($-332k or -63.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-155k(-6.87%)
IMPORT GROWTH (June 2023 - June 2024)$-9.25M(-27.5%)
MAIN DESTINATION (June 2024)Canada$914k

This section shows Peat (including peat litter)'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 Peat (including peat litter) over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$29.4M
IMPORTS (2022)$533M
NET TRADE (2022)-$503M

In 2022, United States exported $29.4M in Peat (including peat litter). The main destinations of United States exports on Peat (including peat litter) were Canada ($15.9M), Mexico ($9.81M), South Africa ($1.07M), Australia ($613k), and Kuwait ($412k).

In 2022, United States imported $533M in Peat (including peat litter), mainly from Canada ($497M), Latvia ($14.2M), Netherlands ($8.04M), Estonia ($5.37M), and Russia ($2.61M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Peat (including peat litter) EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$3.11M (24.3%)
Mexico$2.13M (27.8%)
Kuwait$412k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Peat (including peat litter) BY United States WERE (2021 - 2022):
Ecuador-$279k (-79.7%)
Saudi Arabia-$206k (-100%)
Ghana-$131k (-96.9%)
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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 Peat (including peat litter) were:
Canada $527M
Latvia $324M
Netherlands $190M
In 2022, United States's main importing competitors in Peat (including peat litter) were:
Netherlands $143M
China $113M

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Trade Value of Peat (including peat litter) by Exporters

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