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2022
Exports $13MWorld Rnk 14 / 106
Flag Rnk 1044 / 1217
2022
Destination $920k Canada
2021 - 2022
FASTEST GROWING MARKET $920kMexico
2022
PRODUCT COMPLEXITY IN Linseed-0.89Rnk 803 / 1025
2022
Imports $234MWorld Rnk 3 / 184
Flag Rnk 727 / 1216
2022
Origin $39.1M Canada
2021 - 2022
FASTEST GROWING ORIGIN $39.1MRussia
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $13M in Linseed, making it the 14th largest exporter of Linseed in the world. At the same year, Linseed was the 1044th most exported product in United States. The main destination of Linseed exports from United States are: Canada ($8.47M), Mexico ($3.12M), United Kingdom ($425k), Germany ($109k), and Jamaica ($93.8k).

The fastest growing export markets for Linseed of United States between 2021 and 2022 were Mexico ($920k), United Kingdom ($136k), and Belgium ($66.5k).

Imports In 2022, United States imported $234M in Linseed, becoming the 3rd largest importer of Linseed in the world. At the same year, Linseed was the 727th most imported product in United States. United States imports Linseed primarily from: Canada ($143M), Russia ($46.2M), Turkey ($20.7M), Kazakhstan ($11M), and India ($10.2M).

The fastest growing import markets in Linseed for United States between 2021 and 2022 were Russia ($39.1M), Canada ($38.2M), and Kazakhstan ($10.8M).

COMPANIES In 2023, leading companies such as Pirelli Tires (2), Gildan Activewear (1), and CMPC (1) were at the forefront of shipping Linseed to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Linseed exports accounted up to $3.39M and imports accounted up to $7.5M, resulting in a negative trade balance of $4.11M. Between June 2023 and June 2024 the exports of United States'   Linseed have increased by $2.31M (213%) from $1.08M to $3.39M, while imports decreased by $-2.19M (-22.6%) from $9.69M to $7.5M.

Destinations In June 2024, Linseed were exported mostly to Germany ($2.19M), Canada ($926k), Turkey ($107k), Mexico ($79.2k), and South Korea ($41.3k), and were imported mostly from Canada ($6.86M), Argentina ($353k), India ($139k), Italy ($57.8k), and Kazakhstan ($51.2k).

Growth In June 2024, the increase in Linseed's year-by-year exports was explained primarily by an increase in exports to Philippines ($17.8k or 119%) and Belgium ($1.14k or 5.53%). In June 2024, the decrease in Linseed's year-by-year imports was explained primarily by a decrease in imports from India ($-262k or -25.7%) and Turkey ($-45.8k or -59.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$2.31M(213%)
IMPORT GROWTH (June 2023 - June 2024)$-2.19M(-22.6%)
MAIN EXPORTER (June 2024)North Dakota$2.74M
MAIN DESTINATION (June 2024)Germany$2.19M

This section shows Linseed'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 Linseed over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$13M
IMPORTS (2022)$234M
NET TRADE (2022)-$221M

In 2022, United States exported $13M in Linseed. The main destinations of United States exports on Linseed were Canada ($8.47M), Mexico ($3.12M), United Kingdom ($425k), Germany ($109k), and Jamaica ($93.8k).

In 2022, United States imported $234M in Linseed, mainly from Canada ($143M), Russia ($46.2M), Turkey ($20.7M), Kazakhstan ($11M), and India ($10.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Linseed EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$920k (41.9%)
United Kingdom$136k (46.9%)
Belgium$66.5k (327%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Linseed BY United States WERE (2021 - 2022):
Canada-$3.75M (-30.7%)
Ireland-$249k (-99.8%)
Netherlands-$137k (-99.9%)
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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 Linseed were:
Russia $538M
Kazakhstan $385M
Canada $179M
In 2022, United States's main importing competitors in Linseed were:
China $367M
Belgium $289M

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Trade Value of Linseed by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $242k
TOP IMPORT POTENTIALKazakhstan+ $5.07M

Linseed’s highest export potential is Germany. With an export gap of $242k.   Linseed’s highest import potential is Kazakhstan with an import gap of $5.07M.

See methodology.

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