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2022
Exports $8.63BWorld Rnk 3 / 217
Flag Rnk 32 / 96
2022
Destination $315M Canada
2021 - 2022
FASTEST GROWING MARKET $315MMexico
2022
PRODUCT COMPLEXITY IN Paints, dyes, & varnishes1.08Rnk 144 / 1025
2022
Imports $5.95BWorld Rnk 1 / 225
Flag Rnk 51 / 96
2022
Origin $154M Canada
2021 - 2022
FASTEST GROWING ORIGIN $154MCanada
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $8.63B in Paints, dyes, & varnishes, making it the 3rd largest exporter of Paints, dyes, & varnishes in the world. At the same year, Paints, dyes, & varnishes was the 32nd most exported product in United States. The main destination of Paints, dyes, & varnishes exports from United States are: Canada ($2.41B), Mexico ($1.91B), South Korea ($416M), China ($389M), and Belgium ($278M).

The fastest growing export markets for Paints, dyes, & varnishes of United States between 2021 and 2022 were Mexico ($315M), Canada ($276M), and Brazil ($35.8M).

Imports In 2022, United States imported $5.95B in Paints, dyes, & varnishes, becoming the 1st largest importer of Paints, dyes, & varnishes in the world. At the same year, Paints, dyes, & varnishes was the 51st most imported product in United States. United States imports Paints, dyes, & varnishes primarily from: Canada ($1.26B), Germany ($792M), China ($447M), Mexico ($440M), and Japan ($430M).

The fastest growing import markets in Paints, dyes, & varnishes for United States between 2021 and 2022 were Canada ($154M), Mexico ($121M), and India ($48.4M).

COMPANIES In 2023, leading companies such as Dole Fresh Fruit (1.99k), LG Electronics (1.05k), and Samsung (304) were at the forefront of shipping Paints, dyes, & varnishes to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Paints, dyes, & varnishes exports accounted up to $712M and imports accounted up to $446M, resulting in a positive trade balance of $267M. Between August 2023 and August 2024 the exports of United States'   Paints, dyes, & varnishes have increased by $15.6M (2.25%) from $697M to $712M, while imports increased by $36.5M (8.94%) from $409M to $446M.

Destinations In August 2024, Paints, dyes, & varnishes were exported mostly to Canada ($210M), Mexico ($153M), South Korea ($30.9M), China ($30.5M), and Belgium ($26.9M), and were imported mostly from Canada ($84.7M), Germany ($61.6M), Mexico ($35.7M), Japan ($32.7M), and China ($31.5M).

Growth In August 2024, the increase in Paints, dyes, & varnishes's year-by-year exports was explained primarily by an increase in exports to Canada ($20.3M or 12%), Thailand ($4.62M or 148%), and Switzerland ($4.57M or 63.5%). In August 2024, the increase in Paints, dyes, & varnishes's year-by-year imports was explained primarily by an increase in imports from Mexico ($9.37M or 35.1%), Singapore ($4.72M or 80.3%), and Netherlands ($2.75M or 29.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$15.6M(2.25%)
IMPORT GROWTH (August 2023 - August 2024)$36.5M(8.94%)
MAIN EXPORTER (August 2024)Ohio$70.9M
MAIN DESTINATION (August 2024)Canada$210M

This section shows Paints, dyes, & varnishes'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 Paints, dyes, & varnishes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$8.63B
IMPORTS (2022)$5.95B
NET TRADE (2022)$2.68B

In 2022, United States exported $8.63B in Paints, dyes, & varnishes. The main destinations of United States exports on Paints, dyes, & varnishes were Canada ($2.41B), Mexico ($1.91B), South Korea ($416M), China ($389M), and Belgium ($278M).

In 2022, United States imported $5.95B in Paints, dyes, & varnishes, mainly from Canada ($1.26B), Germany ($792M), China ($447M), Mexico ($440M), and Japan ($430M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Paints, dyes, & varnishes EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$315M (19.8%)
Canada$276M (12.9%)
Brazil$35.8M (23.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Paints, dyes, & varnishes BY United States WERE (2021 - 2022):
Belgium-$175M (-38.7%)
China-$44.4M (-10.2%)
Russia-$15.3M (-77.9%)
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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 Paints, dyes, & varnishes were:
Germany $13B
China $11.5B
In 2022, United States's main importing competitors in Paints, dyes, & varnishes were:
Germany $5.41B
China $4.84B

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Trade Value of Paints, dyes, & varnishes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $146M
TOP IMPORT POTENTIALChina+ $185M

Paints, dyes, & varnishes’s highest export potential is China. With an export gap of $146M.   Paints, dyes, & varnishes’s highest import potential is China with an import gap of $185M.

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