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2022
Exports $18.7MWorld Rnk 6 / 95
Flag Rnk 994 / 1217
2022
Destination $1.36M Mexico
2021 - 2022
FASTEST GROWING MARKET $1.36MMexico
2022
Imports $35.6MWorld Rnk 2 / 174
Flag Rnk 1017 / 1216
2022
Origin $1.4M China
2021 - 2022
FASTEST GROWING ORIGIN $1.4MBelgium
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $18.7M in Processed Mica, making it the 6th largest exporter of Processed Mica in the world. At the same year, Processed Mica was the 994th most exported product in United States. The main destination of Processed Mica exports from United States are: Mexico ($5.71M), Canada ($2.46M), Italy ($1.21M), United Kingdom ($909k), and China ($872k).

The fastest growing export markets for Processed Mica of United States between 2021 and 2022 were Mexico ($1.36M), China ($490k), and Bahamas ($364k).

Imports In 2022, United States imported $35.6M in Processed Mica, becoming the 2nd largest importer of Processed Mica in the world. At the same year, Processed Mica was the 1017th most imported product in United States. United States imports Processed Mica primarily from: China ($17.5M), India ($3.42M), Belgium ($2.91M), Austria ($2.46M), and Germany ($1.94M).

The fastest growing import markets in Processed Mica for United States between 2021 and 2022 were Belgium ($1.4M), Vietnam ($576k), and India ($499k).

COMPANIES In 2023, leading companies such as Volvo (20), Stihl (6), and Walmart (2) were at the forefront of shipping Processed Mica to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Processed Mica exports accounted up to $1.55M and imports accounted up to $3.42M, resulting in a negative trade balance of $1.87M. Between June 2023 and June 2024 the exports of United States'   Processed Mica have decreased by $-222k (-12.5%) from $1.78M to $1.55M, while imports increased by $371k (12.1%) from $3.05M to $3.42M.

Destinations In June 2024, Processed Mica were exported mostly to Mexico ($371k), United Kingdom ($225k), Japan ($213k), Canada ($157k), and Vietnam ($126k), and were imported mostly from China ($2.19M), United Kingdom ($395k), Austria ($230k), Vietnam ($196k), and Germany ($192k).

Growth In June 2024, the decrease in Processed Mica's year-by-year exports was explained primarily by a decrease in exports to Italy ($-200k or -94.4%), China ($-161k or -93.9%), and United Kingdom ($-87.4k or -48%). In June 2024, the increase in Processed Mica's year-by-year imports was explained primarily by an increase in imports from Germany ($254k or 535%), China ($218k or 18.1%), and India ($62.1k or 37.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-222k(-12.5%)
IMPORT GROWTH (June 2023 - June 2024)$371k(12.1%)
MAIN EXPORTER (June 2024)Georgia$678k
MAIN DESTINATION (June 2024)Mexico$371k

This section shows Processed Mica'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 Processed Mica over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$18.7M
IMPORTS (2022)$35.6M
NET TRADE (2022)-$16.9M

In 2022, United States exported $18.7M in Processed Mica. The main destinations of United States exports on Processed Mica were Mexico ($5.71M), Canada ($2.46M), Italy ($1.21M), United Kingdom ($909k), and China ($872k).

In 2022, United States imported $35.6M in Processed Mica, mainly from China ($17.5M), India ($3.42M), Belgium ($2.91M), Austria ($2.46M), and Germany ($1.94M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Processed Mica EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$1.36M (31.2%)
China$490k (128%)
Bahamas$364k (198%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Mica BY United States WERE (2021 - 2022):
South Korea-$4.59M (-93.3%)
Canada-$348k (-12.4%)
Brazil-$217k (-22.8%)
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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 Processed Mica were:
China $103M
Germany $37.4M
Austria $27.2M
In 2022, United States's main importing competitors in Processed Mica were:
Germany $38.7M
China $18.9M

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Trade Value of Processed Mica by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $400k
TOP IMPORT POTENTIALIndia+ $647k

Processed Mica’s highest export potential is China. With an export gap of $400k.   Processed Mica’s highest import potential is India with an import gap of $647k.

See methodology.

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