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2022
Exports $67.6MWorld Rnk 4 / 158
Flag Rnk 817 / 1217
2022
Destination $6.3M Canada
2021 - 2022
FASTEST GROWING MARKET $6.3MCanada
2022
PRODUCT COMPLEXITY IN Pastes and Waxes1Rnk 171 / 1025
2022
Imports $285MWorld Rnk 1 / 209
Flag Rnk 686 / 1216
2022
Origin $20.8M China
2021 - 2022
FASTEST GROWING ORIGIN $20.8MChina
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $67.6M in Pastes and Waxes, making it the 4th largest exporter of Pastes and Waxes in the world. At the same year, Pastes and Waxes was the 817th most exported product in United States. The main destination of Pastes and Waxes exports from United States are: Canada ($17.3M), Germany ($6.26M), Australia ($5.49M), Japan ($4.52M), and Mexico ($4.37M).

The fastest growing export markets for Pastes and Waxes of United States between 2021 and 2022 were Canada ($6.3M), Saudi Arabia ($1.03M), and Peru ($472k).

Imports In 2022, United States imported $285M in Pastes and Waxes, becoming the 1st largest importer of Pastes and Waxes in the world. At the same year, Pastes and Waxes was the 686th most imported product in United States. United States imports Pastes and Waxes primarily from: China ($156M), Germany ($51.5M), Mexico ($16.1M), Sweden ($12.3M), and Japan ($12.3M).

The fastest growing import markets in Pastes and Waxes for United States between 2021 and 2022 were China ($20.8M), Germany ($4.33M), and Greece ($1.97M).

COMPANIES In 2023, leading companies such as Itourscm (34), General Motors (16), and Costco Wholesale (7) were at the forefront of shipping Pastes and Waxes to the United States.

Latest Trends

October 2024

About

Overview In October 2024 United States' Pastes and Waxes exports accounted up to $5.86M and imports accounted up to $40.8M, resulting in a negative trade balance of $35M. Between October 2023 and October 2024 the exports of United States'   Pastes and Waxes have increased by $575k (10.9%) from $5.28M to $5.86M, while imports increased by $969k (2.43%) from $39.9M to $40.8M.

Destinations In October 2024, Pastes and Waxes were exported mostly to Canada ($1.55M), Belgium ($856k), Singapore ($430k), Japan ($426k), and Australia ($393k), and were imported mostly from China ($28.7M), Japan ($4.2M), Germany ($3.1M), Sweden ($1.25M), and Italy ($588k).

Growth In October 2024, the increase in Pastes and Waxes's year-by-year exports was explained primarily by an increase in exports to South Korea ($736k or 933%), Chile ($230k or 1.44k%), and China ($129k or 50%). In October 2024, the increase in Pastes and Waxes's year-by-year imports was explained primarily by an increase in imports from Germany ($1.2M or 41.9%), Greece ($778k or 1.66k%), and Japan ($754k or 26%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$575k(10.9%)
IMPORT GROWTH (October 2023 - October 2024)$969k(2.43%)
MAIN EXPORTER (October 2024)Illinois$2.77M
MAIN DESTINATION (October 2024)Canada$1.55M

This section shows Pastes and Waxes'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 Pastes and Waxes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$67.6M
IMPORTS (2022)$285M
NET TRADE (2022)-$217M

In 2022, United States exported $67.6M in Pastes and Waxes. The main destinations of United States exports on Pastes and Waxes were Canada ($17.3M), Germany ($6.26M), Australia ($5.49M), Japan ($4.52M), and Mexico ($4.37M).

In 2022, United States imported $285M in Pastes and Waxes, mainly from China ($156M), Germany ($51.5M), Mexico ($16.1M), Sweden ($12.3M), and Japan ($12.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pastes and Waxes EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$6.3M (57.4%)
Saudi Arabia$1.03M (590%)
Peru$472k (1.55k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pastes and Waxes BY United States WERE (2021 - 2022):
Mexico-$2M (-31.4%)
China-$1.22M (-23.5%)
Russia-$794k (-90.1%)
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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 Pastes and Waxes were:
China $529M
Germany $254M
Italy $125M
In 2022, United States's main importing competitors in Pastes and Waxes were:
Germany $91.8M
Netherlands $49.6M

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Trade Value of Pastes and Waxes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $1.29M
TOP IMPORT POTENTIALItaly+ $3.06M

Pastes and Waxes’s highest export potential is Mexico. With an export gap of $1.29M.   Pastes and Waxes’s highest import potential is Italy with an import gap of $3.06M.

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