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2022
Exports $51.7BWorld Rnk 2 / 214
Flag Rnk 9 / 96
2022
Destination $1.77B Mexico
2021 - 2022
FASTEST GROWING MARKET $1.77BMexico
2022
PRODUCT COMPLEXITY IN Organic chemicals1.95Rnk 8 / 1025
2022
Imports $68.6BWorld Rnk 1 / 225
Flag Rnk 10 / 96
2022
Origin $6.1B Ireland
2021 - 2022
FASTEST GROWING ORIGIN $6.1BIreland
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $51.7B in Organic chemicals, making it the 2nd largest exporter of Organic chemicals in the world. At the same year, Organic chemicals was the 9th most exported product in United States. The main destination of Organic chemicals exports from United States are: Mexico ($7.89B), Belgium ($4.33B), Canada ($4.31B), China ($3.98B), and Japan ($3.52B).

The fastest growing export markets for Organic chemicals of United States between 2021 and 2022 were Mexico ($1.77B), China ($1.08B), and Japan ($778M).

Imports In 2022, United States imported $68.6B in Organic chemicals, becoming the 1st largest importer of Organic chemicals in the world. At the same year, Organic chemicals was the 10th most imported product in United States. United States imports Organic chemicals primarily from: Ireland ($21.7B), China ($13B), Canada ($3.72B), India ($3.54B), and Germany ($3.28B).

The fastest growing import markets in Organic chemicals for United States between 2021 and 2022 were Ireland ($6.1B), China ($2.27B), and Netherlands ($831M).

COMPANIES In 2023, leading companies such as LG Electronics (3.32k), IKEA Group (2.32k), and Givaudan Fragrances (1.23k) were at the forefront of shipping Organic chemicals to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Organic chemicals exports accounted up to $4.45B and imports accounted up to $5.66B, resulting in a negative trade balance of $1.21B. Between June 2023 and June 2024 the exports of United States'   Organic chemicals have increased by $409M (10.1%) from $4.04B to $4.45B, while imports decreased by $-429M (-7.05%) from $6.09B to $5.66B.

Destinations In June 2024, Organic chemicals were exported mostly to Italy ($720M), Mexico ($503M), Canada ($309M), China ($306M), and Germany ($257M), and were imported mostly from Ireland ($2.21B), China ($665M), Singapore ($363M), Canada ($294M), and India ($286M).

Growth In June 2024, the increase in Organic chemicals's year-by-year exports was explained primarily by an increase in exports to United Kingdom ($1.2B or 1.18k%), Austria ($269M or 15.5k%), and Germany ($225M or 130%). In June 2024, the decrease in Organic chemicals's year-by-year imports was explained primarily by a decrease in imports from Ireland ($-515M or -29.6%), China ($-389M or -30.4%), and Malaysia ($-162M or -83.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$409M(10.1%)
IMPORT GROWTH (June 2023 - June 2024)$-429M(-7.05%)
MAIN EXPORTER (June 2024)Texas$1.99B
MAIN DESTINATION (June 2024)Italy$720M

This section shows Organic chemicals'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 Organic chemicals over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$51.7B
IMPORTS (2022)$68.6B
NET TRADE (2022)-$16.9B

In 2022, United States exported $51.7B in Organic chemicals. The main destinations of United States exports on Organic chemicals were Mexico ($7.89B), Belgium ($4.33B), Canada ($4.31B), China ($3.98B), and Japan ($3.52B).

In 2022, United States imported $68.6B in Organic chemicals, mainly from Ireland ($21.7B), China ($13B), Canada ($3.72B), India ($3.54B), and Germany ($3.28B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Organic chemicals EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$1.77B (28.9%)
China$1.08B (37.1%)
Japan$778M (28.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Organic chemicals BY United States WERE (2021 - 2022):
Chinese Taipei-$103M (-10.2%)
Turkey-$86.1M (-9.21%)
Russia-$80.9M (-82.5%)
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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 Organic chemicals were:
China $110B
Ireland $45.7B
In 2022, United States's main importing competitors in Organic chemicals were:
China $51.6B
Germany $47.2B

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Trade Value of Organic chemicals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $760M
TOP IMPORT POTENTIALIndia+ $1.4B

Organic chemicals’s highest export potential is China. With an export gap of $760M.   Organic chemicals’s highest import potential is India with an import gap of $1.4B.

See methodology.

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