HS Icon Insect Resins in  Flag United States

2021
Exports | Imports
: $26.6M | $114M, World Rnk 10 / 143
Flag Rnk 937 / 1216 | World Rnk 2 / 188
Flag 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

Subnational Monthly Trade

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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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Historical Data

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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).

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Flow

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):

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Market Concentration

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In 2021, United States's main exporting competitors in Insect Resins were:

In 2021, United States's main importing competitors in Insect Resins were:

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