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Pricing

2022
Exports $521MWorld Rnk 1 / 153
Flag Rnk 380 / 1217
2022
Destination $95.2M Chinese Taipei
2021 - 2022
FASTEST GROWING MARKET $95.2MChinese Taipei
2022
PRODUCT COMPLEXITY IN Laboratory Reagents1.53Rnk 45 / 1025
2022
Imports $85.1MWorld Rnk 4 / 180
Flag Rnk 900 / 1216
2022
Origin $10.4M Chinese Taipei
2021 - 2022
FASTEST GROWING ORIGIN $10.4MChinese Taipei
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $521M in Laboratory Reagents, making it the 1st largest exporter of Laboratory Reagents in the world. At the same year, Laboratory Reagents was the 380th most exported product in United States. The main destination of Laboratory Reagents exports from United States are: Chinese Taipei ($250M), Argentina ($81.1M), Philippines ($44M), Ukraine ($21M), and Ecuador ($18.2M).

The fastest growing export markets for Laboratory Reagents of United States between 2021 and 2022 were Chinese Taipei ($95.2M), Ukraine ($13M), and Argentina ($9.25M).

Imports In 2022, United States imported $85.1M in Laboratory Reagents, becoming the 4th largest importer of Laboratory Reagents in the world. At the same year, Laboratory Reagents was the 900th most imported product in United States. United States imports Laboratory Reagents primarily from: Chinese Taipei ($77.1M), Ukraine ($7.77M), Argentina ($231k), Bahamas ($16.4k), and Philippines ($4.62k).

The fastest growing import markets in Laboratory Reagents for United States between 2021 and 2022 were Chinese Taipei ($10.4M), Bahamas ($16.4k), and Philippines ($4.53k).

COMPANIES In 2023, leading companies such as Ford Motor Company (29), BOEING (6), and MerchSource (3) were at the forefront of shipping Laboratory Reagents to the United States.

Latest Trends

September 2024

About

Overview In September 2024 United States' Laboratory Reagents exports accounted up to $988M and imports accounted up to $564M, resulting in a positive trade balance of $424M. Between September 2023 and September 2024 the exports of United States'   Laboratory Reagents have increased by $141M (16.7%) from $847M to $988M, while imports increased by $57.9M (11.4%) from $506M to $564M.

Destinations In September 2024, Laboratory Reagents were exported mostly to Japan ($159M), China ($117M), Germany ($112M), Canada ($66.2M), and Netherlands ($64.4M), and were imported mostly from Germany ($101M), China ($73.1M), United Kingdom ($71.5M), Canada ($47.9M), and Singapore ($43.2M).

Growth In September 2024, the increase in Laboratory Reagents's year-by-year exports was explained primarily by an increase in exports to Luxembourg ($8.33M or 22.1k%), Japan ($8.26M or 9.33%), and Sweden ($5.21M or 158%). In September 2024, the increase in Laboratory Reagents's year-by-year imports was explained primarily by an increase in imports from Germany ($44.9M or 69%), Ireland ($7.66M or 92.9%), and South Korea ($4.31M or 4.73%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$141M(16.7%)
IMPORT GROWTH (September 2023 - September 2024)$57.9M(11.4%)
MAIN EXPORTER (September 2024)California$277M
MAIN DESTINATION (September 2024)Japan$159M

This section shows Laboratory Reagents'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 Laboratory Reagents over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$521M
IMPORTS (2022)$85.1M
NET TRADE (2022)$436M

In 2022, United States exported $521M in Laboratory Reagents. The main destinations of United States exports on Laboratory Reagents were Chinese Taipei ($250M), Argentina ($81.1M), Philippines ($44M), Ukraine ($21M), and Ecuador ($18.2M).

In 2022, United States imported $85.1M in Laboratory Reagents, mainly from Chinese Taipei ($77.1M), Ukraine ($7.77M), Argentina ($231k), Bahamas ($16.4k), and Philippines ($4.62k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Laboratory Reagents EXPORT MARKETS FOR United States WERE (2021 - 2022):
Chinese Taipei$95.2M (61.3%)
Ukraine$13M (164%)
Argentina$9.25M (12.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Laboratory Reagents BY United States WERE (2021 - 2022):
Germany-$1.65B (-100%)
China-$1.11B (-100%)
Netherlands-$1.05B (-100%)
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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 Laboratory Reagents were:
Chinese Taipei $423M
Germany $163M
In 2022, United States's main importing competitors in Laboratory Reagents were:
Chinese Taipei $427M
Philippines $176M
Argentina $174M

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Trade Value of Laboratory Reagents by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $264M
TOP IMPORT POTENTIALCanada+ $210M

Laboratory Reagents’s highest export potential is Canada. With an export gap of $264M.   Laboratory Reagents’s highest import potential is Canada with an import gap of $210M.

See methodology.

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