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Pricing

2022
Exports $313MWorld Rnk 2 / 161
Flag Rnk 493 / 1217
2022
Destination $35.6M Saint Martin
2021 - 2022
FASTEST GROWING MARKET $35.6MSaint Martin
2022
PRODUCT COMPLEXITY IN Pearl Products-0.51Rnk 707 / 1025
2022
Imports $358MWorld Rnk 1 / 200
Flag Rnk 635 / 1216
2022
Origin $45.9M China
2021 - 2022
FASTEST GROWING ORIGIN $45.9MChina
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $313M in Pearl Products, making it the 2nd largest exporter of Pearl Products in the world. At the same year, Pearl Products was the 493rd most exported product in United States. The main destination of Pearl Products exports from United States are: Saint Martin ($51.1M), China ($48.8M), Mexico ($41.6M), Saudi Arabia ($30.1M), and Hong Kong ($26M).

The fastest growing export markets for Pearl Products of United States between 2021 and 2022 were Saint Martin ($35.6M), Saudi Arabia ($7.23M), and Canada ($5.45M).

Imports In 2022, United States imported $358M in Pearl Products, becoming the 1st largest importer of Pearl Products in the world. At the same year, Pearl Products was the 635th most imported product in United States. United States imports Pearl Products primarily from: China ($128M), Ireland ($50.7M), India ($34M), Thailand ($26.8M), and Brazil ($21.5M).

The fastest growing import markets in Pearl Products for United States between 2021 and 2022 were China ($45.9M), Thailand ($4.8M), and Madagascar ($3.93M).

COMPANIES In 2023, leading companies such as Lollicup (14), Amazon (5), and IKEA Group (2) were at the forefront of shipping Pearl Products to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Pearl Products exports accounted up to $24.9M and imports accounted up to $86.4M, resulting in a negative trade balance of $61.5M. Between August 2023 and August 2024 the exports of United States'   Pearl Products have decreased by $-2.31M (-8.51%) from $27.2M to $24.9M, while imports increased by $8.14M (10.4%) from $78.3M to $86.4M.

Destinations In August 2024, Pearl Products were exported mostly to China ($3.58M), Hong Kong ($3.4M), Saudi Arabia ($3.31M), Sint Maarten ($2.49M), and Canada ($2.39M), and were imported mostly from China ($60M), Thailand ($5.74M), India ($4.23M), Vietnam ($3.78M), and Ireland ($3.73M).

Growth In August 2024, the decrease in Pearl Products's year-by-year exports was explained primarily by a decrease in exports to Australia ($-2.64M or -79.7%), Bahamas ($-1.45M or -83.3%), and Saudi Arabia ($-773k or -23.6%). In August 2024, the increase in Pearl Products's year-by-year imports was explained primarily by an increase in imports from Japan ($1.52M or 122%), France ($387k or 106%), and Peru ($371k or 410%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-2.31M(-8.51%)
IMPORT GROWTH (August 2023 - August 2024)$8.14M(10.4%)
MAIN EXPORTER (August 2024)New York$11.3M
MAIN DESTINATION (August 2024)China$3.58M

This section shows Pearl Products'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 Pearl Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$313M
IMPORTS (2022)$358M
NET TRADE (2022)-$44.9M

In 2022, United States exported $313M in Pearl Products. The main destinations of United States exports on Pearl Products were Saint Martin ($51.1M), China ($48.8M), Mexico ($41.6M), Saudi Arabia ($30.1M), and Hong Kong ($26M).

In 2022, United States imported $358M in Pearl Products, mainly from China ($128M), Ireland ($50.7M), India ($34M), Thailand ($26.8M), and Brazil ($21.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pearl Products EXPORT MARKETS FOR United States WERE (2021 - 2022):
Saint Martin$35.6M (228%)
Saudi Arabia$7.23M (31.6%)
Canada$5.45M (30.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pearl Products BY United States WERE (2021 - 2022):
Russia-$8.1M (-83%)
Hong Kong-$6.56M (-20.2%)
Spain-$5.5M (-89.3%)
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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 Pearl Products were:
China $424M
Thailand $162M
In 2022, United States's main importing competitors in Pearl Products were:
Hong Kong $187M
China $141M

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Trade Value of Pearl Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.55M
N/AN/AN/A

Pearl Products’s highest export potential is China. With an export gap of $2.55M.   Pearl Products’s highest import potential is N/A with an import gap of N/A.

See methodology.

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