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2022
Exports $1.32BWorld Rnk 2 / 172
Flag Rnk 222 / 1217
2022
Destination $34.7M Canada
2021 - 2022
FASTEST GROWING MARKET $34.7MCanada
2022
PRODUCT COMPLEXITY IN Glass Fibers0.47Rnk 376 / 1025
2022
Imports $1.98BWorld Rnk 1 / 223
Flag Rnk 249 / 1216
2022
Origin $118M China
2021 - 2022
FASTEST GROWING ORIGIN $118MChina
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $1.32B in Glass Fibers, making it the 2nd largest exporter of Glass Fibers in the world. At the same year, Glass Fibers was the 222nd most exported product in United States. The main destination of Glass Fibers exports from United States are: Canada ($376M), Mexico ($374M), China ($98.5M), Japan ($70.7M), and United Kingdom ($47.1M).

The fastest growing export markets for Glass Fibers of United States between 2021 and 2022 were Canada ($34.7M), Belgium ($5.71M), and France ($4.95M).

Imports In 2022, United States imported $1.98B in Glass Fibers, becoming the 1st largest importer of Glass Fibers in the world. At the same year, Glass Fibers was the 249th most imported product in United States. United States imports Glass Fibers primarily from: China ($458M), Mexico ($438M), Canada ($275M), Germany ($117M), and Malaysia ($115M).

The fastest growing import markets in Glass Fibers for United States between 2021 and 2022 were China ($118M), Malaysia ($51.9M), and Canada ($45.7M).

COMPANIES In 2023, leading companies such as Jushi Fiberglass (1.2k), Halyard Health (105), and IKEA Group (98) were at the forefront of shipping Glass Fibers to the United States.

Latest Trends

April 2024

About

Overview In April 2024 United States' Glass Fibers exports accounted up to $135M and imports accounted up to $132M, resulting in a positive trade balance of $3.03M. Between April 2023 and April 2024 the exports of United States'   Glass Fibers have increased by $21.5M (18.9%) from $114M to $135M, while imports decreased by $-4.62M (-3.38%) from $137M to $132M.

Destinations In April 2024, Glass Fibers were exported mostly to Mexico ($53.4M), Canada ($34.4M), China ($7.78M), Japan ($4.83M), and United Kingdom ($4.26M), and were imported mostly from Mexico ($32.7M), Canada ($24.7M), China ($22.9M), Chinese Taipei ($5.54M), and Germany ($5.24M).

Growth In April 2024, the increase in Glass Fibers's year-by-year exports was explained primarily by an increase in exports to Mexico ($6.98M or 21.5%), Canada ($4.33M or 14.9%), and United Kingdom ($1.2M or 44.4%). In April 2024, the decrease in Glass Fibers's year-by-year imports was explained primarily by a decrease in imports from China ($-6.02M or -18%), Mexico ($-4.85M or -11.2%), and United Arab Emirates ($-2.02M or -97.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (April 2023 - April 2024)$21.5M(18.9%)
IMPORT GROWTH (April 2023 - April 2024)$-4.62M(-3.38%)
MAIN EXPORTER (April 2024)Massachusetts$20.2M
MAIN DESTINATION (April 2024)Mexico$53.4M

This section shows Glass Fibers'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 Glass Fibers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.32B
IMPORTS (2022)$1.98B
NET TRADE (2022)-$662M

In 2022, United States exported $1.32B in Glass Fibers. The main destinations of United States exports on Glass Fibers were Canada ($376M), Mexico ($374M), China ($98.5M), Japan ($70.7M), and United Kingdom ($47.1M).

In 2022, United States imported $1.98B in Glass Fibers, mainly from China ($458M), Mexico ($438M), Canada ($275M), Germany ($117M), and Malaysia ($115M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Glass Fibers EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$34.7M (10.2%)
Belgium$5.71M (33.1%)
France$4.95M (26%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Glass Fibers BY United States WERE (2021 - 2022):
Mexico-$42.6M (-10.2%)
Russia-$6.74M (-85.6%)
Chinese Taipei-$6.74M (-54.6%)
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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 Glass Fibers were:
China $3.7B
Germany $1.06B
In 2022, United States's main importing competitors in Glass Fibers were:
Germany $1.43B
France $745M

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Trade Value of Glass Fibers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $21.1M
TOP IMPORT POTENTIALChina+ $69M

Glass Fibers’s highest export potential is Germany. With an export gap of $21.1M.   Glass Fibers’s highest import potential is China with an import gap of $69M.

See methodology.

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