2022
Exports
$427BWorld Rnk 1 / 220
Flag Rnk 1 / 21
2022
PRODUCT COMPLEXITY IN Mineral Products
0.48Rnk 371 / 1025
2022
Imports
$329BWorld Rnk 2 / 226
Flag Rnk 3 / 21
2022
ECONOMIC COMPLEXITY of United States
1.47Rnk 10 / 133

About

Exports In 2022, United States exported $427B in Mineral Products, making it the 1st largest exporter of Mineral Products in the world. At the same year, Mineral Products was the 1st most exported product in United States. The main destination of Mineral Products exports from United States are: Mexico ($58.3B), Canada ($38.3B), Netherlands ($25.2B), United Kingdom ($24B), and South Korea ($23.5B).

The fastest growing export markets for Mineral Products of United States between 2021 and 2022 were Mexico ($16B), United Kingdom ($14.9B), and Netherlands ($13.3B).

Imports In 2022, United States imported $329B in Mineral Products, becoming the 2nd largest importer of Mineral Products in the world. At the same year, Mineral Products was the 3rd most imported product in United States. United States imports Mineral Products primarily from: Canada ($166B), Mexico ($27.5B), Saudi Arabia ($21.4B), Iraq ($10.3B), and Colombia ($7.64B).

The fastest growing import markets in Mineral Products for United States between 2021 and 2022 were Canada ($54.5B), Mexico ($18.7B), and Saudi Arabia ($9.98B).

COMPANIES In 2023, leading companies such as Dole Fresh Fruit (7.93k), RHI Magnesita (1.03k), and IKEA Group (850) were at the forefront of shipping Mineral Products to the United States.

Latest Trends

August 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$193M(0.68%)
IMPORT GROWTH (August 2023 - August 2024)$-2.22B(-9.33%)
MAIN EXPORTER (August 2024)Texas$18.9B
MAIN DESTINATION (August 2024)Mexico$3.73B

This section shows Mineral Products'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 Mineral Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$427B
IMPORTS (2022)$329B
NET TRADE (2022)$98B

In 2022, United States exported $427B in Mineral Products. The main destinations of United States exports on Mineral Products were Mexico ($58.3B), Canada ($38.3B), Netherlands ($25.2B), United Kingdom ($24B), and South Korea ($23.5B).

In 2022, United States imported $329B in Mineral Products, mainly from Canada ($166B), Mexico ($27.5B), Saudi Arabia ($21.4B), Iraq ($10.3B), and Colombia ($7.64B).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Mineral Products EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$16B (37.9%)
United Kingdom$14.9B (164%)
Netherlands$13.3B (111%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral Products BY United States WERE (2021 - 2022):
China-$2.13B (-12.3%)
Gibraltar-$441M (-79.6%)
Ukraine-$361M (-57.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Mineral Products were:
In 2022, United States's main importing competitors in Mineral Products were:
China $623B
India $291B

Explore Visualizations

Trade Value of Mineral Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $9.03B
TOP IMPORT POTENTIALSaudi Arabia+ $5.1B

Mineral Products’s highest export potential is China. With an export gap of $9.03B.   Mineral Products’s highest import potential is Saudi Arabia with an import gap of $5.1B.

See methodology.

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