Perfume Plants in United States 2021 Exports | Imports : $169M | $481M, World Rnk 4 / 188 Rnk 606 / 1216 | World Rnk 1 / 214 Rnk 516 / 1215
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $12.1M | $32.5M, Spain | India
2021 ECONOMIC COMPLEXITY of United States: 1.46, Rnk 10 / 131
2021 PRODUCT COMPLEXITY IN Perfume Plants: -1.75, Rnk 986 / 1029
Exports In 2021, United States exported $169M in Perfume Plants, making it the 4th largest exporter of Perfume Plants in the world. At the same year, Perfume Plants was the 606th most exported product in United States. The main destination of Perfume Plants exports from United States are: Hong Kong ($29.6M), Germany ($27.6M), Canada ($26.9M), China ($16.2M), and Spain ($13.7M).
The fastest growing export markets for Perfume Plants of United States between 2020 and 2021 were Spain ($12.1M), Switzerland ($5.56M), and Hong Kong ($3.37M).
Imports In 2021, United States imported $481M in Perfume Plants, becoming the 1st largest importer of Perfume Plants in the world. At the same year, Perfume Plants was the 516th most imported product in United States. United States imports Perfume Plants primarily from: India ($142M), Mexico ($46M), China ($36.8M), Colombia ($30.3M), and Germany ($28.3M).
The fastest growing import markets in Perfume Plants for United States between 2020 and 2021 were India ($32.5M), Egypt ($8.2M), and Israel ($4.1M).
Tariffs In 2018, the average tariff for United States in Perfume Plants was 1.45%. The countries with the highest import tariffs for Perfume Plants were North Korea (Most Favoured Nation duty rate treatment, 2.8%), Cuba (Most Favoured Nation duty rate treatment, 2.8%), Equatorial Guinea (Most Favoured Nation duty rate treatment, 1.87%), Libya (Most Favoured Nation duty rate treatment, 1.87%), and Mayotte (Most Favoured Nation duty rate treatment, 1.87%).
March 2023
Overview In March 2023 United States' Perfume Plants exports accounted up to $16.7M and imports accounted up to $38.2M, resulting in a negative trade balance of $21.5M. Between March 2022 and March 2023 the exports of United States' Perfume Plants have increased by $574k (3.56%) from $16.2M to $16.7M, while imports decreased by $-9.22M (-19.4%) from $47.4M to $38.2M.
Destinations In March 2023, Perfume Plants were exported mostly to France ($4.91M), Germany ($3.21M), Canada ($2.52M), Hong Kong ($2.3M), and China ($472k), and were imported mostly from India ($12.7M), Mexico ($5.15M), Germany ($2.17M), Canada ($2.08M), and China ($2.03M).
Growth In March 2023, the increase in Perfume Plants's year-by-year exports was explained primarily by an increase in exports to China ($3.21M or 561%), France ($1.09M or 52.8%), and Mexico ($189k or 179%). In March 2023, the decrease in Perfume Plants's year-by-year imports was explained primarily by a decrease in imports from Bulgaria ($-842k or -70.7%), Egypt ($-661k or -29.2%), and Germany ($-570k or -22.1%).
EXPORT GROWTH (March 2022 - March 2023): $574k, (3.56%)
IMPORT GROWTH (March 2022 - March 2023): $-9.22M, (-19.4%)
MAIN EXPORTER (March 2023): Florida, $6.65M
MAIN DESTINATION (March 2023): France, $4.91M
This section shows Perfume Plants'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 Perfume Plants over time.
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EXPORTS (2021): $169M
IMPORTS (2021): $481M
NET TRADE (2021): -$311M
In 2021, United States exported $169M in Perfume Plants. The main destinations of United States exports on Perfume Plants were Hong Kong ($29.6M), Germany ($27.6M), Canada ($26.9M), China ($16.2M), and Spain ($13.7M).
In 2021, United States imported $481M in Perfume Plants, mainly from India ($142M), Mexico ($46M), China ($36.8M), Colombia ($30.3M), and Germany ($28.3M).
THE FASTEST GROWING Perfume Plants EXPORT MARKETS FOR United States WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Perfume Plants BY United States WERE (2020 - 2021):
In 2021, United States's main exporting competitors in Perfume Plants were:
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