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2023
Exports $361BWorld Rnk 1 / 224
Flag Rnk 2 / 21
2023
Destination $9.24B Mexico
2022 - 2023
FASTEST GROWING MARKET $9.24BChina
2023
PRODUCT COMPLEXITY IN Mineral Products0.38Rnk 423 / 1025
2023
Imports $276BWorld Rnk 2 / 226
Flag Rnk 4 / 21
2023
Origin $3.47B Canada
2022 - 2023
FASTEST GROWING ORIGIN $3.47BVenezuela
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $361B in Mineral Products, making it the 1st largest exporter of Mineral Products in the world. At the same year, Mineral Products was the 2nd most exported product in United States. The main destination of Mineral Products exports from United States are: Mexico ($40.3B), Canada ($33.1B), China ($25.2B), Netherlands ($22.5B), and United Kingdom ($18.1B).

The fastest growing export markets for Mineral Products of United States between 2022 and 2023 were China ($9.24B), Germany ($5.04B), and Italy ($2.54B).

Imports In 2023, United States imported $276B in Mineral Products, becoming the 2nd largest importer of Mineral Products in the world. At the same year, Mineral Products was the 4th most imported product in United States. United States imports Mineral Products primarily from: Canada ($133B), Mexico ($26B), Saudi Arabia ($14.2B), Iraq ($8.91B), and Brazil ($8B).

The fastest growing import markets in Mineral Products for United States between 2022 and 2023 were Venezuela ($3.47B), Nigeria ($1.38B), and India ($1.12B).

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

November 2024

About

Overview In November 2024 United States' Mineral Products exports accounted up to $28B and imports accounted up to $18B, resulting in a positive trade balance of $9.95B. Between November 2023 and November 2024 the exports of United States'   Mineral Products have increased by $5.48M (0.02%) from $27.9B to $28B, while imports decreased by $-4.11B (-18.6%) from $22.1B to $18B.

Destinations In November 2024, Mineral Products were exported mostly to Mexico ($3.58B), Netherlands ($3.22B), Canada ($2.52B), South Korea ($1.39B), and United Kingdom ($1.37B), and were imported mostly from Canada ($9.31B), Mexico ($1.29B), Brazil ($878M), Iraq ($691M), and Colombia ($631M).

Growth In November 2024, the increase in Mineral Products's year-by-year exports was explained primarily by an increase in exports to Netherlands ($1.57B or 194%), Mexico ($834M or 23.4%), and China ($581M or 62%). In November 2024, the decrease in Mineral Products's year-by-year imports was explained primarily by a decrease in imports from Russia ($-724M or -99.7%), Canada ($-417M or -3.45%), and Trinidad and Tobago ($-224M or -58.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$5.48M(0.02%)
IMPORT GROWTH (November 2023 - November 2024)$-4.11B(-18.6%)
MAIN EXPORTER (November 2024)Texas$18.9B
MAIN DESTINATION (November 2024)Mexico$3.58B

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 (2023)$361B
IMPORTS (2023)$276B
NET TRADE (2023)$85B

In 2023, United States exported $361B in Mineral Products. The main destinations of United States exports on Mineral Products were Mexico ($40.3B), Canada ($33.1B), China ($25.2B), Netherlands ($22.5B), and United Kingdom ($18.1B).

In 2023, United States imported $276B in Mineral Products, mainly from Canada ($133B), Mexico ($26B), Saudi Arabia ($14.2B), Iraq ($8.91B), and Brazil ($8B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Mineral Products EXPORT MARKETS FOR United States WERE (2022 - 2023):
China$9.24B (57.9%)
Germany$5.04B (54.1%)
Italy$2.54B (44.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral Products BY United States WERE (2022 - 2023):
Mexico-$17.1B (-29.8%)
Brazil-$11.1B (-52.3%)
South Korea-$10.3B (-37%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Mineral Products were:
Russia $248B
Australia $240B
In 2023, United States's main importing competitors in Mineral Products were:
China $719B
India $233B

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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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