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2023
Exports $7.91BWorld Rnk 3 / 218
Flag Rnk 32 / 96
2023
Destination $54.1M Canada
2022 - 2023
FASTEST GROWING MARKET $54.1MFrance
2023
PRODUCT COMPLEXITY IN Paints, dyes, & varnishes1.13Rnk 132 / 1025
2023
Imports $4.95BWorld Rnk 2 / 226
Flag Rnk 55 / 96
2023
Origin $30.3M Canada
2022 - 2023
FASTEST GROWING ORIGIN $30.3MMexico
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $7.91B 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 ($2.15B), Mexico ($1.73B), China ($354M), South Korea ($321M), and Germany ($272M).

The fastest growing export markets for Paints, dyes, & varnishes of United States between 2022 and 2023 were France ($54.1M), Thailand ($22.7M), and United Kingdom ($11.4M).

Imports In 2023, United States imported $4.95B in Paints, dyes, & varnishes, becoming the 2nd largest importer of Paints, dyes, & varnishes in the world. At the same year, Paints, dyes, & varnishes was the 55th most imported product in United States. United States imports Paints, dyes, & varnishes primarily from: Canada ($1.17B), Germany ($623M), Mexico ($461M), Japan ($323M), and India ($306M).

The fastest growing import markets in Paints, dyes, & varnishes for United States between 2022 and 2023 were Mexico ($30.3M), New Zealand ($7.05M), and Honduras ($3.24M).

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

November 2024

About

Overview In November 2024 United States' Paints, dyes, & varnishes exports accounted up to $653M and imports accounted up to $420M, resulting in a positive trade balance of $233M. Between November 2023 and November 2024 the exports of United States'   Paints, dyes, & varnishes have increased by $4.26M (0.66%) from $649M to $653M, while imports increased by $30M (7.7%) from $390M to $420M.

Destinations In November 2024, Paints, dyes, & varnishes were exported mostly to Canada ($162M), Mexico ($133M), Belgium ($37.6M), China ($33.3M), and South Korea ($28M), and were imported mostly from Canada ($80.2M), Germany ($48.3M), Japan ($43.7M), India ($34.7M), and Mexico ($30.4M).

Growth In November 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 November 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 (November 2023 - November 2024)$4.26M(0.66%)
IMPORT GROWTH (November 2023 - November 2024)$30M(7.7%)
MAIN EXPORTER (November 2024)Ohio$70.9M
MAIN DESTINATION (November 2024)Canada$162M

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 (2023)$7.91B
IMPORTS (2023)$4.95B
NET TRADE (2023)$2.96B

In 2023, United States exported $7.91B in Paints, dyes, & varnishes. The main destinations of United States exports on Paints, dyes, & varnishes were Canada ($2.15B), Mexico ($1.73B), China ($354M), South Korea ($321M), and Germany ($272M).

In 2023, United States imported $4.95B in Paints, dyes, & varnishes, mainly from Canada ($1.17B), Germany ($623M), Mexico ($461M), Japan ($323M), and India ($306M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Paints, dyes, & varnishes EXPORT MARKETS FOR United States WERE (2022 - 2023):
France$54.1M (60.9%)
Thailand$22.7M (22.5%)
United Kingdom$11.4M (6.78%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Paints, dyes, & varnishes BY United States WERE (2022 - 2023):
Singapore-$209M (-69.5%)
South Korea-$129M (-28.7%)
Canada-$123M (-5.41%)
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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 Paints, dyes, & varnishes were:
Germany $11.9B
China $10.4B
In 2023, United States's main importing competitors in Paints, dyes, & varnishes were:
Germany $5.65B
China $4.68B

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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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