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2022
Exports $5.55BWorld Rnk 1 / 147
Flag Rnk 63 / 1217
2022
Destination $89.9M Mexico
2021 - 2022
FASTEST GROWING MARKET $89.9MGermany
2022
PRODUCT COMPLEXITY IN Reaction and Catalytic Products0.61Rnk 319 / 1025
2022
Imports $2.31BWorld Rnk 2 / 210
Flag Rnk 218 / 1216
2022
Origin $125M Canada
2021 - 2022
FASTEST GROWING ORIGIN $125MCanada
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $5.55B in Reaction and Catalytic Products, making it the 1st largest exporter of Reaction and Catalytic Products in the world. At the same year, Reaction and Catalytic Products was the 63rd most exported product in United States. The main destination of Reaction and Catalytic Products exports from United States are: Mexico ($1.56B), China ($673M), South Korea ($412M), Canada ($402M), and Saudi Arabia ($212M).

The fastest growing export markets for Reaction and Catalytic Products of United States between 2021 and 2022 were Germany ($89.9M), China ($78.2M), and Nigeria ($56.8M).

Imports In 2022, United States imported $2.31B in Reaction and Catalytic Products, becoming the 2nd largest importer of Reaction and Catalytic Products in the world. At the same year, Reaction and Catalytic Products was the 218th most imported product in United States. United States imports Reaction and Catalytic Products primarily from: Canada ($919M), Germany ($265M), Japan ($259M), China ($121M), and South Africa ($111M).

The fastest growing import markets in Reaction and Catalytic Products for United States between 2021 and 2022 were Canada ($125M), Germany ($41.6M), and Japan ($36.9M).

COMPANIES In 2023, leading companies such as BSH Home Appliances (29), Disney Cruise Line (10), and NOURYON FUNCTIONAL CHEMICALS LLC (9) were at the forefront of shipping Reaction and Catalytic Products to the United States.

Latest Trends

October 2024

About

Overview In October 2024 United States' Reaction and Catalytic Products exports accounted up to $293M and imports accounted up to $148M, resulting in a positive trade balance of $146M. Between October 2023 and October 2024 the exports of United States'   Reaction and Catalytic Products have decreased by $-138M (-32%) from $431M to $293M, while imports decreased by $-19.2M (-11.5%) from $167M to $148M.

Destinations In October 2024, Reaction and Catalytic Products were exported mostly to Mexico ($85.4M), Canada ($28.7M), South Korea ($28.4M), China ($27.8M), and Saudi Arabia ($15.9M), and were imported mostly from Canada ($65.9M), Brazil ($22.9M), Japan ($10.8M), China ($9.73M), and Germany ($9.35M).

Growth In October 2024, the decrease in Reaction and Catalytic Products's year-by-year exports was explained primarily by a decrease in exports to Netherlands ($-14.4M or -78.3%), Germany ($-12.4M or -59.1%), and China ($-5.44M or -11.1%). In October 2024, the decrease in Reaction and Catalytic Products's year-by-year imports was explained primarily by a decrease in imports from Denmark ($-6.35M or -52%), United Kingdom ($-2.32M or -37.7%), and Japan ($-1.51M or -10.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-138M(-32%)
IMPORT GROWTH (October 2023 - October 2024)$-19.2M(-11.5%)
MAIN EXPORTER (October 2024)Texas$126M
MAIN DESTINATION (October 2024)Mexico$85.4M

This section shows Reaction and Catalytic Products'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 Reaction and Catalytic Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.55B
IMPORTS (2022)$2.31B
NET TRADE (2022)$3.24B

In 2022, United States exported $5.55B in Reaction and Catalytic Products. The main destinations of United States exports on Reaction and Catalytic Products were Mexico ($1.56B), China ($673M), South Korea ($412M), Canada ($402M), and Saudi Arabia ($212M).

In 2022, United States imported $2.31B in Reaction and Catalytic Products, mainly from Canada ($919M), Germany ($265M), Japan ($259M), China ($121M), and South Africa ($111M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Reaction and Catalytic Products EXPORT MARKETS FOR United States WERE (2021 - 2022):
Germany$89.9M (89.1%)
China$78.2M (13.2%)
Nigeria$56.8M (356%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Reaction and Catalytic Products BY United States WERE (2021 - 2022):
Mexico-$81M (-4.94%)
Russia-$45.9M (-70.7%)
Egypt-$27.9M (-47.9%)
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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 Reaction and Catalytic Products were:
Germany $4.5B
North Macedonia $2.64B
In 2022, United States's main importing competitors in Reaction and Catalytic Products were:
Germany $5.42B
China $1.92B

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Trade Value of Reaction and Catalytic Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $94.2M
TOP IMPORT POTENTIALGermany+ $57.4M

Reaction and Catalytic Products’s highest export potential is Germany. With an export gap of $94.2M.   Reaction and Catalytic Products’s highest import potential is Germany with an import gap of $57.4M.

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