2022
Exports
$21.1MWorld Rnk 15 / 194
Flag Rnk 977 / 1217
2022
PRODUCT COMPLEXITY IN Wood Ornaments
-0.4Rnk 674 / 1025
2022
Imports
$984MWorld Rnk 1 / 217
Flag Rnk 404 / 1216
2022
ECONOMIC COMPLEXITY of United States
1.47Rnk 10 / 133

About

Exports In 2022, United States exported $21.1M in Wood Ornaments, making it the 15th largest exporter of Wood Ornaments in the world. At the same year, Wood Ornaments was the 977th most exported product in United States. The main destination of Wood Ornaments exports from United States are: Canada ($7.73M), Mexico ($2.11M), Japan ($1.42M), United Kingdom ($977k), and Bahamas ($796k).

The fastest growing export markets for Wood Ornaments of United States between 2021 and 2022 were Mexico ($821k), Japan ($793k), and United Kingdom ($341k).

Imports In 2022, United States imported $984M in Wood Ornaments, becoming the 1st largest importer of Wood Ornaments in the world. At the same year, Wood Ornaments was the 404th most imported product in United States. United States imports Wood Ornaments primarily from: China ($763M), India ($43.6M), Indonesia ($26.4M), Canada ($24.4M), and Philippines ($23.1M).

The fastest growing import markets in Wood Ornaments for United States between 2021 and 2022 were Philippines ($14.6M), Canada ($5.74M), and Indonesia ($4.6M).

COMPANIES In 2023, leading companies such as CrimsonLogic (502), IKEA Group (231), and Itourscm (214) were at the forefront of shipping Wood Ornaments to the United States.

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-637k(-21.5%)
IMPORT GROWTH (June 2023 - June 2024)$-9.21M(-16.4%)
MAIN EXPORTER (June 2024)Texas$632k
MAIN DESTINATION (June 2024)Canada$1.52M

This section shows Wood Ornaments'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 Ornaments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$21.1M
IMPORTS (2022)$984M
NET TRADE (2022)-$963M

In 2022, United States exported $21.1M in Wood Ornaments. The main destinations of United States exports on Wood Ornaments were Canada ($7.73M), Mexico ($2.11M), Japan ($1.42M), United Kingdom ($977k), and Bahamas ($796k).

In 2022, United States imported $984M in Wood Ornaments, mainly from China ($763M), India ($43.6M), Indonesia ($26.4M), Canada ($24.4M), and Philippines ($23.1M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Ornaments EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$821k (63.8%)
Japan$793k (126%)
United Kingdom$341k (53.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Ornaments BY United States WERE (2021 - 2022):
Canada-$7.33M (-48.7%)
France-$676k (-66.9%)
China-$303k (-46.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Wood Ornaments were:
China $1.65B
Germany $83.5M
In 2022, United States's main importing competitors in Wood Ornaments were:

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Trade Value of Wood Ornaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $581k
TOP IMPORT POTENTIALCanada+ $9.14M

Wood Ornaments’s highest export potential is Canada. With an export gap of $581k.   Wood Ornaments’s highest import potential is Canada with an import gap of $9.14M.

See methodology.

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