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2022
Exports $10.6BWorld Rnk 4 / 221
Flag Rnk 28 / 96
2022
Destination $248M Canada
2021 - 2022
FASTEST GROWING MARKET $248MJapan
2022
PRODUCT COMPLEXITY IN Wood, wood articles, & charcoal0.3Rnk 451 / 1025
2022
Imports $34BWorld Rnk 1 / 226
Flag Rnk 18 / 96
2022
Origin $402M Canada
2021 - 2022
FASTEST GROWING ORIGIN $402MChile
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $10.6B in Wood, wood articles, & charcoal, making it the 4th largest exporter of Wood, wood articles, & charcoal in the world. At the same year, Wood, wood articles, & charcoal was the 28th most exported product in United States. The main destination of Wood, wood articles, & charcoal exports from United States are: Canada ($2.59B), China ($1.7B), United Kingdom ($1.2B), Mexico ($1.2B), and Japan ($980M).

The fastest growing export markets for Wood, wood articles, & charcoal of United States between 2021 and 2022 were Japan ($248M), Canada ($157M), and Mexico ($139M).

Imports In 2022, United States imported $34B in Wood, wood articles, & charcoal, becoming the 1st largest importer of Wood, wood articles, & charcoal in the world. At the same year, Wood, wood articles, & charcoal was the 18th most imported product in United States. United States imports Wood, wood articles, & charcoal primarily from: Canada ($17.1B), China ($3.55B), Brazil ($2.22B), Chile ($1.61B), and Germany ($1.49B).

The fastest growing import markets in Wood, wood articles, & charcoal for United States between 2021 and 2022 were Chile ($402M), Sweden ($226M), and Germany ($177M).

COMPANIES In 2023, leading companies such as LG Electronics (7.26k), CrimsonLogic (2.08k), and IKEA Group (1.87k) were at the forefront of shipping Wood, wood articles, & charcoal to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Wood, wood articles, & charcoal exports accounted up to $825M and imports accounted up to $1.97B, resulting in a negative trade balance of $1.14B. Between June 2023 and June 2024 the exports of United States'   Wood, wood articles, & charcoal have decreased by $-2.49M (-0.3%) from $827M to $825M, while imports increased by $95.8M (5.11%) from $1.87B to $1.97B.

Destinations In June 2024, Wood, wood articles, & charcoal were exported mostly to Canada ($207M), China ($137M), United Kingdom ($136M), Mexico ($81.9M), and Japan ($60.9M), and were imported mostly from Canada ($963M), China ($160M), Brazil ($126M), Chile ($81.6M), and Vietnam ($77.4M).

Growth In June 2024, the decrease in Wood, wood articles, & charcoal's year-by-year exports was explained primarily by a decrease in exports to United Kingdom ($-7.85M or -9.07%), Canada ($-5.13M or -2.55%), and Denmark ($-4.97M or -32.3%). In June 2024, the increase in Wood, wood articles, & charcoal's year-by-year imports was explained primarily by an increase in imports from Germany ($39.2M or 51.1%), Sweden ($23.9M or 114%), and New Zealand ($9.98M or 52.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-2.49M(-0.3%)
IMPORT GROWTH (June 2023 - June 2024)$95.8M(5.11%)
MAIN EXPORTER (June 2024)Washington$77.2M
MAIN DESTINATION (June 2024)Canada$207M

This section shows Wood, wood articles, & charcoal'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 Wood, wood articles, & charcoal over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$10.6B
IMPORTS (2022)$34B
NET TRADE (2022)-$23.5B

In 2022, United States exported $10.6B in Wood, wood articles, & charcoal. The main destinations of United States exports on Wood, wood articles, & charcoal were Canada ($2.59B), China ($1.7B), United Kingdom ($1.2B), Mexico ($1.2B), and Japan ($980M).

In 2022, United States imported $34B in Wood, wood articles, & charcoal, mainly from Canada ($17.1B), China ($3.55B), Brazil ($2.22B), Chile ($1.61B), and Germany ($1.49B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood, wood articles, & charcoal EXPORT MARKETS FOR United States WERE (2021 - 2022):
Japan$248M (33.8%)
Canada$157M (6.42%)
Mexico$139M (13.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood, wood articles, & charcoal BY United States WERE (2021 - 2022):
China-$348M (-17%)
Dominican Republic-$26.3M (-19.7%)
South Korea-$22.4M (-18.1%)
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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 Wood, wood articles, & charcoal were:
Canada $20B
China $18.7B
Germany $12.9B
In 2022, United States's main importing competitors in Wood, wood articles, & charcoal were:
China $18B
Germany $11.6B

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Trade Value of Wood, wood articles, & charcoal by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $87M
TOP IMPORT POTENTIALCanada+ $248M

Wood, wood articles, & charcoal’s highest export potential is China. With an export gap of $87M.   Wood, wood articles, & charcoal’s highest import potential is Canada with an import gap of $248M.

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