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2022
Exports $424MWorld Rnk 6 / 106
Flag Rnk 427 / 1217
2022
Destination $76M India
2021 - 2022
FASTEST GROWING MARKET $76MIndia
2022
PRODUCT COMPLEXITY IN Phosphoric Acid-0.58Rnk 718 / 1025
2022
Imports $390MWorld Rnk 4 / 191
Flag Rnk 608 / 1216
2022
Origin $75.1M Mexico
2021 - 2022
FASTEST GROWING ORIGIN $75.1MMexico
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $424M in Phosphoric Acid, making it the 6th largest exporter of Phosphoric Acid in the world. At the same year, Phosphoric Acid was the 427th most exported product in United States. The main destination of Phosphoric Acid exports from United States are: India ($146M), Canada ($135M), Mexico ($117M), Ireland ($8.38M), and Germany ($3.79M).

The fastest growing export markets for Phosphoric Acid of United States between 2021 and 2022 were India ($76M), Mexico ($35.1M), and Canada ($17.3M).

Imports In 2022, United States imported $390M in Phosphoric Acid, becoming the 4th largest importer of Phosphoric Acid in the world. At the same year, Phosphoric Acid was the 608th most imported product in United States. United States imports Phosphoric Acid primarily from: Mexico ($113M), Israel ($91.3M), Netherlands ($68.1M), Belgium ($42.3M), and China ($24.5M).

The fastest growing import markets in Phosphoric Acid for United States between 2021 and 2022 were Mexico ($75.1M), Israel ($58.8M), and China ($17.2M).

COMPANIES In 2023, leading companies such as Samsung (8) were at the forefront of shipping Phosphoric Acid to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Phosphoric Acid exports accounted up to $34.4M and imports accounted up to $35.1M, resulting in a negative trade balance of $722k. Between June 2023 and June 2024 the exports of United States'   Phosphoric Acid have decreased by $-6.37M (-15.6%) from $40.8M to $34.4M, while imports increased by $11.3M (47.2%) from $23.9M to $35.1M.

Destinations In June 2024, Phosphoric Acid were exported mostly to India ($15.6M), Mexico ($10.3M), Canada ($7.09M), Colombia ($465k), and South Korea ($207k), and were imported mostly from Mexico ($17M), Belgium ($10.1M), Morocco ($4.73M), China ($794k), and Israel ($582k).

Growth In June 2024, the decrease in Phosphoric Acid's year-by-year exports was explained primarily by a decrease in exports to India ($-19.1M or -99.8%), Canada ($-3.74M or -22.2%), and Costa Rica ($-187k or -91.1%). In June 2024, the increase in Phosphoric Acid's year-by-year imports was explained primarily by an increase in imports from Mexico ($19M or 329%), Israel ($10.5M or 6.7k%), and China ($1.61M or 82%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-6.37M(-15.6%)
IMPORT GROWTH (June 2023 - June 2024)$11.3M(47.2%)
MAIN EXPORTER (June 2024)North Carolina$16.6M
MAIN DESTINATION (June 2024)India$15.6M

This section shows Phosphoric Acid'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 Phosphoric Acid over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$424M
IMPORTS (2022)$390M
NET TRADE (2022)$33.8M

In 2022, United States exported $424M in Phosphoric Acid. The main destinations of United States exports on Phosphoric Acid were India ($146M), Canada ($135M), Mexico ($117M), Ireland ($8.38M), and Germany ($3.79M).

In 2022, United States imported $390M in Phosphoric Acid, mainly from Mexico ($113M), Israel ($91.3M), Netherlands ($68.1M), Belgium ($42.3M), and China ($24.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Phosphoric Acid EXPORT MARKETS FOR United States WERE (2021 - 2022):
India$76M (108%)
Mexico$35.1M (43.1%)
Canada$17.3M (14.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Phosphoric Acid BY United States WERE (2021 - 2022):
Colombia-$1.72M (-47%)
Singapore-$1.34M (-39.8%)
South Korea-$534k (-40%)
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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 Phosphoric Acid were:
Morocco $2.29B
China $973M
Senegal $846M
In 2022, United States's main importing competitors in Phosphoric Acid were:
India $2.91B
Pakistan $627M
Netherlands $398M

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Trade Value of Phosphoric Acid by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $13.5M
TOP IMPORT POTENTIALMorocco+ $18.1M

Phosphoric Acid’s highest export potential is India. With an export gap of $13.5M.   Phosphoric Acid’s highest import potential is Morocco with an import gap of $18.1M.

See methodology.

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