Esters of formic acid in United States | The Observatory of Economic Complexity

About

The fastest growing export markets for Esters of formic acid of United States between 2021 and 2022 were United Arab Emirates ($641k), United Kingdom ($205k), and India ($155k).

Imports In 2022, United States imported $7.51M in Esters of formic acid, becoming the 1st largest importer of Esters of formic acid in the world. At the same year, Esters of formic acid was the 3804th most imported product in United States. United States imports Esters of formic acid primarily from: Canada ($2.3M), China ($2.06M), Germany ($1.46M), Spain ($468k), and Finland ($285k).

The fastest growing import markets in Esters of formic acid for United States between 2021 and 2022 were Canada ($1.3M), China ($901k), and Switzerland ($25.3k).

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 Esters of formic acid to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Esters of formic acid exports accounted up to $249k and imports accounted up to $1.05M, resulting in a negative trade balance of $802k. Between June 2023 and June 2024 the exports of United States' Esters of formic acid have decreased by $-20.8k (-7.71%) from $270k to $249k, while imports increased by $424k (67.6%) from $627k to $1.05M.

Destinations In June 2024, Esters of formic acid were exported mostly to India ($144k), Netherlands ($46.4k), Canada ($34k), Germany ($10.4k), and Singapore ($8.45k), and were imported mostly from China ($398k), Canada ($276k), Germany ($195k), Finland ($127k), and Japan ($40.1k).

Growth In June 2024, the decrease in Esters of formic acid's year-by-year exports was explained primarily by a decrease in exports to N/A. In June 2024, the increase in Esters of formic acid's year-by-year imports was explained primarily by an increase in imports from Switzerland ($8.99k or 137%) and Canada ($182 or 0.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)$-20.8k(-7.71%)

IMPORT GROWTH (June 2023 - June 2024)$424k(67.6%)

MAIN EXPORTER (June 2024)Missouri$472k

MAIN DESTINATION (June 2024)India$144k

This section shows Esters of formic acid'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 Esters of formic acid over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$4.08M

IMPORTS (2022)$7.51M

NET TRADE (2022)-$3.42M

In 2022, United States imported $7.51M in Esters of formic acid, mainly from Canada ($2.3M), China ($2.06M), Germany ($1.46M), Spain ($468k), and Finland ($285k).

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