Insect Resins in United States 2021 Exports | Imports : $26.6M | $114M, World Rnk 10 / 143 Rnk 937 / 1216 | World Rnk 2 / 188 Rnk 835 / 1215
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $982k | $8.11M, Canada | Sudan
2021 ECONOMIC COMPLEXITY of United States: 1.46, Rnk 10 / 131
2021 PRODUCT COMPLEXITY IN Insect Resins: -2.31, Rnk 1022 / 1029
Exports In 2021, United States exported $26.6M in Insect Resins, making it the 10th largest exporter of Insect Resins in the world. At the same year, Insect Resins was the 937th most exported product in United States. The main destination of Insect Resins exports from United States are: India ($5.82M), Canada ($4.02M), Honduras ($2.25M), Mexico ($1.75M), and United Kingdom ($1.39M).
The fastest growing export markets for Insect Resins of United States between 2020 and 2021 were Canada ($982k), Honduras ($754k), and Mexico ($608k).
Imports In 2021, United States imported $114M in Insect Resins, becoming the 2nd largest importer of Insect Resins in the world. At the same year, Insect Resins was the 835th most imported product in United States. United States imports Insect Resins primarily from: France ($35.9M), India ($30.5M), Sudan ($18.6M), Greece ($7.83M), and Germany ($5.24M).
The fastest growing import markets in Insect Resins for United States between 2020 and 2021 were Sudan ($8.11M), India ($4.94M), and Greece ($4.7M).
Tariffs In 2018, the average tariff for United States in Insect Resins was 0.31%. The countries with the highest import tariffs for Insect Resins were North Korea (Most Favoured Nation duty rate treatment, 0.65%), Cuba (Most Favoured Nation duty rate treatment, 0.65%), Burundi (Most Favoured Nation duty rate treatment, 0.43%), Democratic Republic of the Congo (Most Favoured Nation duty rate treatment, 0.43%), and Algeria (Most Favoured Nation duty rate treatment, 0.43%).
February 2023
Overview In February 2023 United States' Insect Resins exports accounted up to $1.91M and imports accounted up to $7.88M, resulting in a negative trade balance of $5.98M. Between February 2022 and February 2023 the exports of United States' Insect Resins have increased by $4.48k (0.24%) from $1.9M to $1.91M, while imports decreased by $-1.81M (-18.6%) from $9.69M to $7.88M.
Destinations In February 2023, Insect Resins were exported mostly to Canada ($412k), Ireland ($298k), Mexico ($159k), Argentina ($132k), and Brazil ($130k), and were imported mostly from France ($2.82M), India ($1.84M), Sudan ($1.37M), United Kingdom ($573k), and Germany ($287k).
Growth In February 2023, the increase in Insect Resins's year-by-year exports was explained primarily by an increase in exports to Honduras ($344k or 570%), Canada ($292k or 98.5%), and China ($159k or 2.57k%). In February 2023, the decrease in Insect Resins's year-by-year imports was explained primarily by a decrease in imports from India ($-1.85M or -50.4%), United Kingdom ($-476k or -86.5%), and France ($-112k or -3.55%).
EXPORT GROWTH (February 2022 - February 2023): $4.48k, (0.24%)
IMPORT GROWTH (February 2022 - February 2023): $-1.81M, (-18.6%)
MAIN EXPORTER (February 2023): New Jersey, $951k
MAIN DESTINATION (February 2023): Canada, $412k
This section shows Insect Resins'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 Insect Resins over time.
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EXPORTS (2021): $26.6M
IMPORTS (2021): $114M
NET TRADE (2021): -$87.9M
In 2021, United States exported $26.6M in Insect Resins. The main destinations of United States exports on Insect Resins were India ($5.82M), Canada ($4.02M), Honduras ($2.25M), Mexico ($1.75M), and United Kingdom ($1.39M).
In 2021, United States imported $114M in Insect Resins, mainly from France ($35.9M), India ($30.5M), Sudan ($18.6M), Greece ($7.83M), and Germany ($5.24M).
THE FASTEST GROWING Insect Resins EXPORT MARKETS FOR United States WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insect Resins BY United States WERE (2020 - 2021):
In 2021, United States's main exporting competitors in Insect Resins were:
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