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2022
Exports $983MWorld Rnk 2 / 95
Flag Rnk 258 / 1217
2022
Destination $38M Turkey
2021 - 2022
FASTEST GROWING MARKET $38MNetherlands
2022
PRODUCT COMPLEXITY IN Nitrile Compounds1.07Rnk 146 / 1025
2022
Imports $476MWorld Rnk 4 / 178
Flag Rnk 555 / 1216
2022
Origin $27.5M China
2021 - 2022
FASTEST GROWING ORIGIN $27.5MSouth Korea
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $983M in Nitrile Compounds, making it the 2nd largest exporter of Nitrile Compounds in the world. At the same year, Nitrile Compounds was the 258th most exported product in United States. The main destination of Nitrile Compounds exports from United States are: Turkey ($151M), Mexico ($140M), South Korea ($128M), China ($126M), and Chinese Taipei ($97.6M).

The fastest growing export markets for Nitrile Compounds of United States between 2021 and 2022 were Netherlands ($38M), Brazil ($21.7M), and Mexico ($11M).

Imports In 2022, United States imported $476M in Nitrile Compounds, becoming the 4th largest importer of Nitrile Compounds in the world. At the same year, Nitrile Compounds was the 555th most imported product in United States. United States imports Nitrile Compounds primarily from: China ($207M), South Korea ($80.5M), India ($69.1M), Germany ($34.5M), and United Kingdom ($23.6M).

The fastest growing import markets in Nitrile Compounds for United States between 2021 and 2022 were South Korea ($27.5M), China ($24.2M), and India ($22.2M).

COMPANIES In 2023, leading companies such as Asus Computer (775), ZF Friedrichshafen (190), and Kontoor Brands (102) were at the forefront of shipping Nitrile Compounds to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Nitrile Compounds exports accounted up to $36.7M and imports accounted up to $25M, resulting in a positive trade balance of $11.8M. Between June 2023 and June 2024 the exports of United States'   Nitrile Compounds have increased by $5.62M (18.1%) from $31.1M to $36.7M, while imports decreased by $-4.54M (-15.4%) from $29.5M to $25M.

Destinations In June 2024, Nitrile Compounds were exported mostly to Turkey ($12.8M), Peru ($6.8M), Mexico ($5.83M), Brazil ($3.86M), and Canada ($2.23M), and were imported mostly from France ($10.2M), China ($5.51M), Germany ($3.29M), India ($2.21M), and Canada ($1.48M).

Growth In June 2024, the increase in Nitrile Compounds's year-by-year exports was explained primarily by an increase in exports to Netherlands ($17.8M or 271%), Turkey ($4.17M or 22.5%), and France ($2.42M or 1.83k%). In June 2024, the decrease in Nitrile Compounds's year-by-year imports was explained primarily by a decrease in imports from China ($-2.26M or -14%), South Korea ($-893k or -96.1%), and Mexico ($-596k or -73.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$5.62M(18.1%)
IMPORT GROWTH (June 2023 - June 2024)$-4.54M(-15.4%)
MAIN EXPORTER (June 2024)Texas$50.8M
MAIN DESTINATION (June 2024)Turkey$12.8M

This section shows Nitrile Compounds'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 Nitrile Compounds over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$983M
IMPORTS (2022)$476M
NET TRADE (2022)$507M

In 2022, United States exported $983M in Nitrile Compounds. The main destinations of United States exports on Nitrile Compounds were Turkey ($151M), Mexico ($140M), South Korea ($128M), China ($126M), and Chinese Taipei ($97.6M).

In 2022, United States imported $476M in Nitrile Compounds, mainly from China ($207M), South Korea ($80.5M), India ($69.1M), Germany ($34.5M), and United Kingdom ($23.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nitrile Compounds EXPORT MARKETS FOR United States WERE (2021 - 2022):
Netherlands$38M (79.2%)
Brazil$21.7M (367%)
Mexico$11M (8.51%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nitrile Compounds BY United States WERE (2021 - 2022):
South Korea-$146M (-53.2%)
Turkey-$41.5M (-21.6%)
China-$37.3M (-22.9%)
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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 Nitrile Compounds were:
China $1.77B
Germany $656M
In 2022, United States's main importing competitors in Nitrile Compounds were:
India $719M
Netherlands $527M
South Korea $509M

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Trade Value of Nitrile Compounds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $15.1M
TOP IMPORT POTENTIALIndia+ $11.5M

Nitrile Compounds’s highest export potential is India. With an export gap of $15.1M.   Nitrile Compounds’s highest import potential is India with an import gap of $11.5M.

See methodology.

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