Benzene in United States | The Observatory of Economic Complexity

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Exports In 2022, United States exported $116M in Benzene, making it the 19th largest exporter of Benzene in the world. At the same year, Benzene was the 1379th most exported product in United States. The main destination of Benzene exports from United States are: Netherlands ($52.8M), Canada ($32.6M), China ($24.7M), Belgium ($3.64M), and United Kingdom ($1.69M).

Imports In 2022, United States imported $1.41B in Benzene, becoming the 2nd largest importer of Benzene in the world. At the same year, Benzene was the 370th most imported product in United States. United States imports Benzene primarily from: South Korea ($696M), Japan ($164M), Canada ($146M), Netherlands ($130M), and Brazil ($80.4M).

The fastest growing import markets in Benzene for United States between 2021 and 2022 were South Korea ($290M), Netherlands ($129M), and Canada ($98.1M).

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 Benzene to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Benzene exports accounted up to $3.11M and imports accounted up to $157M, resulting in a negative trade balance of $154M. Between June 2023 and June 2024 the exports of United States' Benzene have increased by $326k (11.7%) from $2.79M to $3.11M, while imports increased by $24.1M (18.1%) from $133M to $157M.

Destinations In June 2024, Benzene were exported mostly to Canada ($3.06M), Mexico ($38k), Germany ($9.04k), Ireland ($4.58k), and China ($0), and were imported mostly from South Korea ($98.2M), Canada ($21.8M), Japan ($14.2M), Saudi Arabia ($11.1M), and Argentina ($8.28M).

Growth In June 2024, the increase in Benzene's year-by-year exports was explained primarily by an increase in exports to Canada ($535k or 134%). In June 2024, the increase in Benzene's year-by-year imports was explained primarily by an increase in imports from Netherlands ($28.5M or 699%), Japan ($9.44M or 87.4%), and Belgium ($3.47M or 33.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)$326k(11.7%)

IMPORT GROWTH (June 2023 - June 2024)$24.1M(18.1%)

MAIN DESTINATION (June 2024)Canada$3.06M

This section shows Benzene'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 Benzene over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$116M

IMPORTS (2022)$1.41B

NET TRADE (2022)-$1.29B

In 2022, United States exported $116M in Benzene. The main destinations of United States exports on Benzene were Netherlands ($52.8M), Canada ($32.6M), China ($24.7M), Belgium ($3.64M), and United Kingdom ($1.69M).

In 2022, United States imported $1.41B in Benzene, mainly from South Korea ($696M), Japan ($164M), Canada ($146M), Netherlands ($130M), and Brazil ($80.4M).

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