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2023
Exports $4.9BWorld Rnk 5 / 207
Flag Rnk 68 / 1217
2023
Destination $115M Mexico
2022 - 2023
FASTEST GROWING MARKET $115MCanada
2023
PRODUCT COMPLEXITY IN Rubber Tires0.23Rnk 486 / 1025
2023
Imports $19.4BWorld Rnk 1 / 225
Flag Rnk 22 / 1215
2023
Origin $273M Thailand
2022 - 2023
FASTEST GROWING ORIGIN $273MMexico
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $4.9B in Rubber Tires, making it the 5th largest exporter of Rubber Tires in the world. At the same year, Rubber Tires was the 68th most exported product in United States. The main destination of Rubber Tires exports from United States are: Mexico ($1.54B), Canada ($1.38B), Australia ($388M), Chile ($257M), and Germany ($172M).

The fastest growing export markets for Rubber Tires of United States between 2022 and 2023 were Canada ($115M), Mexico ($100M), and Chile ($49.7M).

Imports In 2023, United States imported $19.4B in Rubber Tires, becoming the 1st largest importer of Rubber Tires in the world. At the same year, Rubber Tires was the 22nd most imported product in United States. United States imports Rubber Tires primarily from: Thailand ($3.55B), Mexico ($2.12B), Japan ($1.87B), Canada ($1.7B), and Vietnam ($1.26B).

The fastest growing import markets in Rubber Tires for United States between 2022 and 2023 were Mexico ($273M), Cambodia ($259M), and Canada ($110M).

COMPANIES In 2023, leading companies such as Continental Tire (12.2k), Yokohama Industries (6.89k), and Pirelli Tires (5.8k) were at the forefront of shipping Rubber Tires to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Rubber Tires exports accounted up to $421M and imports accounted up to $1.54B, resulting in a negative trade balance of $1.12B. Between November 2023 and November 2024 the exports of United States'   Rubber Tires have increased by $11.9M (2.92%) from $409M to $421M, while imports decreased by $-29.5M (-1.88%) from $1.57B to $1.54B.

Destinations In November 2024, Rubber Tires were exported mostly to Canada ($136M), Mexico ($133M), Peru ($25.2M), Australia ($23.8M), and Chile ($22.7M), and were imported mostly from Thailand ($280M), Mexico ($183M), Canada ($155M), Vietnam ($124M), and Japan ($112M).

Growth In November 2024, the increase in Rubber Tires's year-by-year exports was explained primarily by an increase in exports to Mexico ($23.9M or 19.7%), Brazil ($15.2M or 270%), and Germany ($10.1M or 175%). In November 2024, the decrease in Rubber Tires's year-by-year imports was explained primarily by a decrease in imports from China ($-43.3M or -39.6%), Vietnam ($-24M or -24.9%), and Thailand ($-13.9M or -5.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$11.9M(2.92%)
IMPORT GROWTH (November 2023 - November 2024)$-29.5M(-1.88%)
MAIN EXPORTER (November 2024)South Carolina$177M
MAIN DESTINATION (November 2024)Canada$136M

This section shows Rubber Tires'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 Tires over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$4.9B
IMPORTS (2023)$19.4B
NET TRADE (2023)-$14.5B

In 2023, United States exported $4.9B in Rubber Tires. The main destinations of United States exports on Rubber Tires were Mexico ($1.54B), Canada ($1.38B), Australia ($388M), Chile ($257M), and Germany ($172M).

In 2023, United States imported $19.4B in Rubber Tires, mainly from Thailand ($3.55B), Mexico ($2.12B), Japan ($1.87B), Canada ($1.7B), and Vietnam ($1.26B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Rubber Tires EXPORT MARKETS FOR United States WERE (2022 - 2023):
Canada$115M (9.11%)
Mexico$100M (6.94%)
Chile$49.7M (24%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Tires BY United States WERE (2022 - 2023):
Australia-$57.5M (-12.9%)
Peru-$56.6M (-43.2%)
South Korea-$29.2M (-44.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Rubber Tires were:
China $21.1B
Thailand $7.45B
Japan $6.54B
In 2023, United States's main importing competitors in Rubber Tires were:
Germany $7.76B
France $4.79B

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Trade Value of Rubber Tires by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $88.5M
TOP IMPORT POTENTIALChina+ $716M

Rubber Tires’s highest export potential is Germany. With an export gap of $88.5M.   Rubber Tires’s highest import potential is China with an import gap of $716M.

See methodology.

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