Homogenized or reconstituted tobacco in United States

EXPORTS (2018): $38.6M, World Rnk 4 / 56
Flag Rnk 2145 / 4701

TOP DESTINATION (2018): $20.4M, Dominican Republic

FASTEST GROWING MARKET (2017 - 2018): $20.4M, Dominican Republic

IMPORTS (2018): $32.6M, World Rnk 4 / 107
Flag Rnk 2824 / 4606

TOP ORIGIN (2018): $23.9M, Dominican Republic

FASTEST GROWING ORIGIN (2017 - 2018): $23.9M, Dominican Republic

ECONOMIC COMPLEXITY of United States (2018): 1.57, Rnk 9 / 137

PRODUCT COMPLEXITY  IN Homogenized or reconstituted tobacco (2018): -0.98, Rnk 2226 / 2722

Exports: In 2018, United States exported $38.6M in Homogenized or reconstituted tobacco, making it the 4th largest exporter of Homogenized or reconstituted tobacco in the world. At the same year, Homogenized or reconstituted tobacco was the 2145th most exported product in United States. The main destination of Homogenized or reconstituted tobacco exports from United States are: Dominican Republic ($20.4M), South Korea ($3.8M), Belgium-Luxembourg ($2.02M), Slovenia ($1.79M), and Hungary ($1.69M).

The fastest growing export markets for Homogenized or reconstituted tobacco of United States between 2017 and 2018 were Dominican Republic ($20.4M), South Korea ($1.08M), and Slovenia ($409k).

Imports: In 2018, United States imported $32.6M in Homogenized or reconstituted tobacco, becoming the 4th largest importer of Homogenized or reconstituted tobacco in the world. At the same year, Homogenized or reconstituted tobacco was the 2824th most imported product in United States. United States imports Homogenized or reconstituted tobacco primarily from: Dominican Republic ($23.9M), Mexico ($4.03M), France ($1.77M), Brazil ($1.15M), and Indonesia ($1.07M).

The fastest growing import markets in Homogenized or reconstituted tobacco for United States between 2017 and 2018 were Dominican Republic ($23.9M), Mexico ($4.03M), and France ($1.77M).

Tariffs: In 2017, the average tariff for United States in Homogenized or reconstituted tobacco was 326%. The countries with the highest import tariffs for Homogenized or reconstituted tobacco were Angola (350%), Burundi (350%), Benin (350%), Burkina Faso (350%), and Botswana (350%).

Overview: In October 2020 United States' Homogenized or reconstituted tobacco exports accounted up to $5.01M and imports accounted up to $3.69M, resulting in a positive trade balance of $1.32M. Between October 2019 and October 2020 the exports of United States'   Homogenized or reconstituted tobacco have decreased by $-2.62M (-34.3%) from $7.63M to $5.01M, while imports decreased by $-982k (-21%) from $4.68M to $3.69M.

Destinations: In October 2020 Homogenized or reconstituted tobacco exported mostly to Dominican Republic ($2.45M), Japan ($561k), Hungary ($428k), Germany ($272k), and Ukraine ($137k), and imported mostly from Dominican Republic ($2.63M), Indonesia ($516k), Mexico ($446k), Brazil ($101k), and Afghanistan ($0).

Growth: In October 2020, the decrease in Homogenized or reconstituted tobacco's year-by-year exports was explained primarily by a decrease in exports to South Korea ($-1.9M or -100%), Germany ($-1.15M or -80.9%), and Japan ($-247k or -30.6%). In October 2020, the decrease in Homogenized or reconstituted tobacco's year-by-year imports was explained primarily by a decrease in imports from Brazil ($-50.4k or -33.3%) and Mexico ($-19.1k or -4.1%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (October 2019 - October 2020): $-2.62M, (-34.3%)

IMPORT GROWTH (October 2019 - October 2020): $-982k, (-21%)

MAIN EXPORTER (October 2020): New York, $2.8M

MAIN DESTINATION (October 2020): Dominican Republic, $2.45M

This section shows Homogenized or reconstituted tobacco'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 Homogenized or reconstituted tobacco over time.

Value

EXPORTS (2018): $38.6M

IMPORTS (2018): $32.6M

NET TRADE (2018): $5.99M

In 2018, United States exported $38.6M in Homogenized or reconstituted tobacco. The main destinations of United States exports on Homogenized or reconstituted tobacco were Dominican Republic ($20.4M), South Korea ($3.8M), Belgium-Luxembourg ($2.02M), Slovenia ($1.79M), and Hungary ($1.69M).

In 2018, United States imported $32.6M in Homogenized or reconstituted tobacco, mainly from Dominican Republic ($23.9M), Mexico ($4.03M), France ($1.77M), Brazil ($1.15M), and Indonesia ($1.07M).

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IN 2018, United States HAD A POSITIVE NET TRADE IN Homogenized or reconstituted tobacco WITH:

IN 2018, United States HAD A NEGATIVE NET TRADE IN Homogenized or reconstituted tobacco WITH:

Flow

THE FASTEST GROWING Homogenized or reconstituted tobacco EXPORT MARKETS FOR United States WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Homogenized or reconstituted tobacco BY United States WERE (2017 - 2018):

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Market Concentration

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Type

In 2018, United States's main exporting competitors in Homogenized or reconstituted tobacco were:

In 2018, United States's main importing competitors in Homogenized or reconstituted tobacco were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Homogenized or reconstituted tobacco in United States. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2017, the average tariff for United States in Homogenized or reconstituted tobacco was 326%.

The countries with the highest tariffs for Homogenized or reconstituted tobacco in United States were Angola (350%), Burundi (350%), Benin (350%), Burkina Faso (350%), and Botswana (350%).

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