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2022
Exports $110BWorld Rnk 2 / 226
Flag Rnk 5 / 21
2022
Destination $2.64B Mexico
2021 - 2022
FASTEST GROWING MARKET $2.64BMexico
2022
PRODUCT COMPLEXITY IN Plastics and Rubbers1.72Rnk 19 / 1025
2022
Imports $132BWorld Rnk 1 / 226
Flag Rnk 7 / 21
2022
Origin $2.25B China
2021 - 2022
FASTEST GROWING ORIGIN $2.25BMexico
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $110B in Plastics and Rubbers, making it the 2nd largest exporter of Plastics and Rubbers in the world. At the same year, Plastics and Rubbers was the 5th most exported product in United States. The main destination of Plastics and Rubbers exports from United States are: Mexico ($25.1B), Canada ($21.1B), China ($8.99B), Germany ($4.12B), and Brazil ($3.9B).

The fastest growing export markets for Plastics and Rubbers of United States between 2021 and 2022 were Mexico ($2.64B), Canada ($2.55B), and China ($2.12B).

Imports In 2022, United States imported $132B in Plastics and Rubbers, becoming the 1st largest importer of Plastics and Rubbers in the world. At the same year, Plastics and Rubbers was the 7th most imported product in United States. United States imports Plastics and Rubbers primarily from: China ($31.9B), Canada ($19.3B), Mexico ($13.3B), South Korea ($7.19B), and Thailand ($6.55B).

The fastest growing import markets in Plastics and Rubbers for United States between 2021 and 2022 were Mexico ($2.25B), South Korea ($1.29B), and Germany ($1.05B).

COMPANIES In 2023, leading companies such as Continental Tire (13.8k), Yokohama Industries (7.52k), and CrimsonLogic (7.36k) were at the forefront of shipping Plastics and Rubbers to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Plastics and Rubbers exports accounted up to $8.32B and imports accounted up to $9.12B, resulting in a negative trade balance of $795M. Between August 2023 and August 2024 the exports of United States'   Plastics and Rubbers have increased by $409M (5.16%) from $7.91B to $8.32B, while imports increased by $398M (4.57%) from $8.72B to $9.12B.

Destinations In August 2024, Plastics and Rubbers were exported mostly to Mexico ($2.34B), Canada ($1.71B), China ($662M), Brazil ($326M), and Belgium ($305M), and were imported mostly from China ($1.9B), Canada ($1.4B), Mexico ($1.13B), South Korea ($490M), and Thailand ($483M).

Growth In August 2024, the increase in Plastics and Rubbers's year-by-year exports was explained primarily by an increase in exports to China ($128M or 23.3%), India ($81.2M or 93%), and Brazil ($74.2M or 35.2%). In August 2024, the increase in Plastics and Rubbers's year-by-year imports was explained primarily by an increase in imports from Japan ($27M or 7.02%), Singapore ($24.6M or 81.2%), and Mexico ($23M or 2.53%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$409M(5.16%)
IMPORT GROWTH (August 2023 - August 2024)$398M(4.57%)
MAIN EXPORTER (August 2024)Texas$2.31B
MAIN DESTINATION (August 2024)Mexico$2.34B

This section shows Plastics and Rubbers'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 Plastics and Rubbers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$110B
IMPORTS (2022)$132B
NET TRADE (2022)-$22.4B

In 2022, United States exported $110B in Plastics and Rubbers. The main destinations of United States exports on Plastics and Rubbers were Mexico ($25.1B), Canada ($21.1B), China ($8.99B), Germany ($4.12B), and Brazil ($3.9B).

In 2022, United States imported $132B in Plastics and Rubbers, mainly from China ($31.9B), Canada ($19.3B), Mexico ($13.3B), South Korea ($7.19B), and Thailand ($6.55B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Plastics and Rubbers EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$2.64B (11.8%)
Canada$2.55B (13.8%)
China$2.12B (30.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Plastics and Rubbers BY United States WERE (2021 - 2022):
Russia-$281M (-76.5%)
Egypt-$80.7M (-31.9%)
Hong Kong-$44.6M (-5.4%)
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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 Plastics and Rubbers were:
China $189B
Germany $104B
In 2022, United States's main importing competitors in Plastics and Rubbers were:
China $90.7B
Germany $75.6B

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Trade Value of Plastics and Rubbers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.8B
TOP IMPORT POTENTIALCanada+ $2.22B

Plastics and Rubbers’s highest export potential is China. With an export gap of $1.8B.   Plastics and Rubbers’s highest import potential is Canada with an import gap of $2.22B.

See methodology.

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