Laboratory Reagents in United States 2021 Exports | Imports : $11.4B | $5.81B, World Rnk 1 / 210 Rnk 25 / 1216 | World Rnk 1 / 226 Rnk 104 / 1215
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $353M | $184M, Canada | United Kingdom
2021 ECONOMIC COMPLEXITY of United States: 1.46, Rnk 10 / 131
2021 PRODUCT COMPLEXITY IN Laboratory Reagents: 1.44, Rnk 67 / 1029
Exports In 2021, United States exported $11.4B in Laboratory Reagents, making it the 1st largest exporter of Laboratory Reagents in the world. At the same year, Laboratory Reagents was the 25th most exported product in United States. The main destination of Laboratory Reagents exports from United States are: Germany ($1.65B), China ($1.11B), Netherlands ($1.05B), Canada ($1.04B), and United Kingdom ($795M).
The fastest growing export markets for Laboratory Reagents of United States between 2020 and 2021 were Canada ($353M), United Kingdom ($271M), and Japan ($241M).
Imports In 2021, United States imported $5.81B in Laboratory Reagents, becoming the 1st largest importer of Laboratory Reagents in the world. At the same year, Laboratory Reagents was the 104th most imported product in United States. United States imports Laboratory Reagents primarily from: United Kingdom ($948M), Singapore ($630M), Germany ($587M), Canada ($583M), and China ($560M).
The fastest growing import markets in Laboratory Reagents for United States between 2020 and 2021 were United Kingdom ($184M), China ($172M), and Singapore ($140M).
March 2023
Overview In March 2023 United States' Laboratory Reagents exports accounted up to $941M and imports accounted up to $586M, resulting in a positive trade balance of $355M. Between March 2022 and March 2023 the exports of United States' Laboratory Reagents have decreased by $-155M (-14.1%) from $1.1B to $941M, while imports decreased by $-840M (-58.9%) from $1.43B to $586M.
Destinations In March 2023, Laboratory Reagents were exported mostly to China ($121M), Germany ($119M), Canada ($79.2M), Netherlands ($75M), and Japan ($53.4M), and were imported mostly from Germany ($120M), United Kingdom ($86.7M), Singapore ($51.7M), Canada ($45.9M), and South Korea ($39.2M).
Growth In March 2023, the decrease in Laboratory Reagents's year-by-year exports was explained primarily by a decrease in exports to China ($-16.6M or -15.7%), Germany ($-11.8M or -7.94%), and Spain ($-10.5M or -75.7%). In March 2023, the decrease in Laboratory Reagents's year-by-year imports was explained primarily by a decrease in imports from Lithuania ($-54M or -52.2%), Sweden ($-6.48M or -17.5%), and Japan ($-4.29M or -18%).
EXPORT GROWTH (March 2022 - March 2023): $-155M, (-14.1%)
IMPORT GROWTH (March 2022 - March 2023): $-840M, (-58.9%)
MAIN EXPORTER (March 2023): California, $260M
MAIN DESTINATION (March 2023): China, $121M
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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EXPORTS (2021): $11.4B
IMPORTS (2021): $5.81B
NET TRADE (2021): $5.56B
In 2021, United States exported $11.4B in Laboratory Reagents. The main destinations of United States exports on Laboratory Reagents were Germany ($1.65B), China ($1.11B), Netherlands ($1.05B), Canada ($1.04B), and United Kingdom ($795M).
In 2021, United States imported $5.81B in Laboratory Reagents, mainly from United Kingdom ($948M), Singapore ($630M), Germany ($587M), Canada ($583M), and China ($560M).
THE FASTEST GROWING Laboratory Reagents EXPORT MARKETS FOR United States WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Laboratory Reagents BY United States WERE (2020 - 2021):
In 2021, United States's main exporting competitors in Laboratory Reagents were:
In 2021, United States's main importing competitors in Laboratory Reagents were:
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