Laboratory Reagents in United States | The Observatory of Economic Complexity

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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 (870), Boeing (468), and IKEA SUPPLY AG (148) were at the forefront of shipping Laboratory Reagents to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United States' Laboratory Reagents exports accounted up to $869M and imports accounted up to $484M, resulting in a positive trade balance of $384M. Between January 2023 and January 2024 the exports of United States' Laboratory Reagents have decreased by $-20.1M (-2.26%) from $889M to $869M, while imports decreased by $-134M (-21.6%) from $618M to $484M.

Destinations In January 2024, Laboratory Reagents were exported mostly to Germany ($125M), China ($98.5M), Japan ($90.8M), Netherlands ($75.2M), and Canada ($74.2M), and were imported mostly from Germany ($87.1M), United Kingdom ($71.3M), Singapore ($46.9M), China ($45.2M), and Canada ($38.3M).

Growth In January 2024, the decrease in Laboratory Reagents's year-by-year exports was explained primarily by a decrease in exports to Canada ($-37.7M or -34.2%), United Kingdom ($-29.1M or -43.5%), and Netherlands ($-21M or -20.1%). In January 2024, the decrease in Laboratory Reagents's year-by-year imports was explained primarily by a decrease in imports from China ($-265M or -74.4%), United Kingdom ($-61.2M or -48.8%), and Lithuania ($-30.7M or -62.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-20.1M(-2.26%)

IMPORT GROWTH (January 2023 - January 2024)$-134M(-21.6%)

MAIN EXPORTER (January 2024)California$265M

MAIN DESTINATION (January 2024)Germany$125M

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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