2023
Exports
$513MWorld Rnk 3 / 205
Flag Rnk 355 / 1217
2023
PRODUCT COMPLEXITY IN Rubber Belting
0.51Rnk 368 / 1025
2023
Imports
$899MWorld Rnk 1 / 225
Flag Rnk 395 / 1215
2023
ECONOMIC COMPLEXITY of United States
1.5Rnk 10 / 132

About

Exports In 2023, United States exported $513M in Rubber Belting, making it the 3rd largest exporter of Rubber Belting in the world. At the same year, Rubber Belting was the 355th most exported product in United States. The main destination of Rubber Belting exports from United States are: Canada ($174M), Mexico ($70.9M), Brazil ($40.7M), Germany ($26.9M), and Australia ($19M).

The fastest growing export markets for Rubber Belting of United States between 2022 and 2023 were Canada ($9.88M), China ($2.8M), and Belgium ($2.7M).

Imports In 2023, United States imported $899M in Rubber Belting, becoming the 1st largest importer of Rubber Belting in the world. At the same year, Rubber Belting was the 395th most imported product in United States. United States imports Rubber Belting primarily from: Mexico ($169M), China ($145M), India ($97.4M), Japan ($91.8M), and Canada ($82.7M).

The fastest growing import markets in Rubber Belting for United States between 2022 and 2023 were Mexico ($17M), Germany ($6.52M), and Italy ($4.74M).

COMPANIES In 2023, leading companies such as Toyota (1.02k), Schindler Elevators (582), and John Deere (145) were at the forefront of shipping Rubber Belting to the United States.

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-783k(-2.14%)
IMPORT GROWTH (November 2023 - November 2024)$7.4M(11.4%)
MAIN EXPORTER (November 2024)Ohio$9.77M
MAIN DESTINATION (November 2024)Canada$12.2M

This section shows Rubber Belting'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 Rubber Belting over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$513M
IMPORTS (2023)$899M
NET TRADE (2023)-$386M

In 2023, United States exported $513M in Rubber Belting. The main destinations of United States exports on Rubber Belting were Canada ($174M), Mexico ($70.9M), Brazil ($40.7M), Germany ($26.9M), and Australia ($19M).

In 2023, United States imported $899M in Rubber Belting, mainly from Mexico ($169M), China ($145M), India ($97.4M), Japan ($91.8M), and Canada ($82.7M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Rubber Belting EXPORT MARKETS FOR United States WERE (2022 - 2023):
Canada$9.88M (6.02%)
China$2.8M (30.2%)
Belgium$2.7M (36.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Belting BY United States WERE (2022 - 2023):
Australia-$5.37M (-22%)
Brazil-$3.78M (-8.51%)
Argentina-$2.13M (-29.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Rubber Belting were:
China $1.56B
In 2023, United States's main importing competitors in Rubber Belting were:

Explore Visualizations

Trade Value of Rubber Belting by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $7.15M
TOP IMPORT POTENTIALChina+ $37M

Rubber Belting’s highest export potential is Germany. With an export gap of $7.15M.   Rubber Belting’s highest import potential is China with an import gap of $37M.

See methodology.

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