2023
Exports
$16.8MWorld Rnk 14 / 116
Flag Rnk 981 / 1217
2023
PRODUCT COMPLEXITY IN Peat
0.017Rnk 552 / 1025
2023
Imports
$493MWorld Rnk 1 / 198
Flag Rnk 524 / 1215
2023
ECONOMIC COMPLEXITY of United States
1.5Rnk 10 / 132

About

Exports In 2023, United States exported $16.8M in Peat, making it the 14th largest exporter of Peat in the world. At the same year, Peat was the 981st most exported product in United States. The main destination of Peat exports from United States are: Canada ($11.4M), South Africa ($1.38M), Mexico ($1.22M), Spain ($434k), and Australia ($398k).

The fastest growing export markets for Peat of United States between 2022 and 2023 were Spain ($434k), South Africa ($294k), and Mexico ($219k).

Imports In 2023, United States imported $493M in Peat, becoming the 1st largest importer of Peat in the world. At the same year, Peat was the 524th most imported product in United States. United States imports Peat primarily from: N/A.

The fastest growing import markets in Peat for United States between 2022 and 2023 were Lithuania ($555k), Estonia ($342k), and Denmark ($326k).

COMPANIES In 2023, leading companies such as CrimsonLogic (62), Amazon (27), and Mystic Apparel (11) were at the forefront of shipping Peat to the United States.

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-257k(-13.6%)
IMPORT GROWTH (November 2023 - November 2024)$-1.84M(-4.09%)
MAIN EXPORTER (November 2024)Massachusetts$1.57M
MAIN DESTINATION (November 2024)Canada$787k

This section shows Peat'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 Peat over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$16.8M
IMPORTS (2023)$493M
NET TRADE (2023)-$477M

In 2023, United States exported $16.8M in Peat. The main destinations of United States exports on Peat were Canada ($11.4M), South Africa ($1.38M), Mexico ($1.22M), Spain ($434k), and Australia ($398k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Peat EXPORT MARKETS FOR United States WERE (2022 - 2023):
Spain$434k (394k%)
South Africa$294k (27.2%)
Mexico$219k (21.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Peat BY United States WERE (2022 - 2023):
Canada-$4.17M (-26.8%)
Australia-$215k (-35%)
Bermuda-$146k (-53.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Peat were:
In 2023, United States's main importing competitors in Peat were:

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Trade Value of Peat by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALAustralia+ $222k
TOP IMPORT POTENTIALLatvia+ $4.79M

Peat’s highest export potential is Australia. With an export gap of $222k.   Peat’s highest import potential is Latvia with an import gap of $4.79M.

See methodology.

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