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2022
Exports $811MWorld Rnk 2 / 123
Flag Rnk 291 / 1217
2022
Destination $91.6M Japan
2021 - 2022
FASTEST GROWING MARKET $91.6MJapan
2022
PRODUCT COMPLEXITY IN Inorganic Salts-0.39Rnk 671 / 1025
2022
Imports $745MWorld Rnk 4 / 186
Flag Rnk 455 / 1216
2022
Origin $63.4M China
2021 - 2022
FASTEST GROWING ORIGIN $63.4MChina
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $811M in Inorganic Salts, making it the 2nd largest exporter of Inorganic Salts in the world. At the same year, Inorganic Salts was the 291st most exported product in United States. The main destination of Inorganic Salts exports from United States are: Japan ($209M), Poland ($113M), South Korea ($60.6M), China ($54.9M), and Canada ($36.2M).

The fastest growing export markets for Inorganic Salts of United States between 2021 and 2022 were Japan ($91.6M), Poland ($91.2M), and China ($32.1M).

Imports In 2022, United States imported $745M in Inorganic Salts, becoming the 4th largest importer of Inorganic Salts in the world. At the same year, Inorganic Salts was the 455th most imported product in United States. United States imports Inorganic Salts primarily from: China ($234M), Chile ($140M), Brazil ($56.8M), Germany ($52.2M), and Belgium ($42.6M).

The fastest growing import markets in Inorganic Salts for United States between 2021 and 2022 were China ($63.4M), Chile ($52M), and Brazil ($14.6M).

COMPANIES In 2023, leading companies such as General Motors (42), CONTINENTAL AUTOMOTIVE SYSTEMS, INC (17), and LG Electronics (8) were at the forefront of shipping Inorganic Salts to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Inorganic Salts exports accounted up to $59.8M and imports accounted up to $72.6M, resulting in a negative trade balance of $12.7M. Between August 2023 and August 2024 the exports of United States'   Inorganic Salts have increased by $1.71M (2.95%) from $58.1M to $59.8M, while imports increased by $21.4M (41.8%) from $51.2M to $72.6M.

Destinations In August 2024, Inorganic Salts were exported mostly to Japan ($14.6M), China ($7.35M), United Kingdom ($5.08M), South Korea ($4.78M), and Belgium ($2.57M), and were imported mostly from Chile ($22M), China ($18.2M), Brazil ($7.09M), France ($4.26M), and Belgium ($3.43M).

Growth In August 2024, the increase in Inorganic Salts's year-by-year exports was explained primarily by an increase in exports to Germany ($4.61M or 410%), Thailand ($2.19M or 3.31k%), and South Korea ($2.18M or 39.3%). In August 2024, the increase in Inorganic Salts's year-by-year imports was explained primarily by an increase in imports from Chile ($11.1M or 87.1%), Vietnam ($1.5M or 49.2%), and Turkey ($1.15M or 90.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$1.71M(2.95%)
IMPORT GROWTH (August 2023 - August 2024)$21.4M(41.8%)
MAIN EXPORTER (August 2024)Montana$19.1M
MAIN DESTINATION (August 2024)Japan$14.6M

This section shows Inorganic Salts'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 Inorganic Salts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$811M
IMPORTS (2022)$745M
NET TRADE (2022)$65.8M

In 2022, United States exported $811M in Inorganic Salts. The main destinations of United States exports on Inorganic Salts were Japan ($209M), Poland ($113M), South Korea ($60.6M), China ($54.9M), and Canada ($36.2M).

In 2022, United States imported $745M in Inorganic Salts, mainly from China ($234M), Chile ($140M), Brazil ($56.8M), Germany ($52.2M), and Belgium ($42.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Inorganic Salts EXPORT MARKETS FOR United States WERE (2021 - 2022):
Japan$91.6M (78.1%)
Poland$91.2M (428%)
China$32.1M (141%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Inorganic Salts BY United States WERE (2021 - 2022):
Luxembourg-$21.9M (-91.8%)
Sweden-$15.4M (-52.9%)
Czechia-$5.59M (-13.7%)
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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 Inorganic Salts were:
China $5.51B
Chile $769M
In 2022, United States's main importing competitors in Inorganic Salts were:
South Korea $4.02B
Japan $1.53B
China $856M

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Trade Value of Inorganic Salts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $17.4M
TOP IMPORT POTENTIALChina+ $58.1M

Inorganic Salts’s highest export potential is China. With an export gap of $17.4M.   Inorganic Salts’s highest import potential is China with an import gap of $58.1M.

See methodology.

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