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Pricing

2022
Exports | Imports $4.93B | $19BWorld Rnk 5 / 203
Flag Rnk 74 / 1217
World Rnk 1 / 225
Flag Rnk 24 / 1216
2021 - 2022
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN $309M | $439MMexico |  Japan
2022
ECONOMIC COMPLEXITY of United States1.41Rnk 10 / 124
2022
PRODUCT COMPLEXITY IN Rubber Tires0.2Rnk 491 / 1025

About

Exports In 2022, United States exported $4.93B in Rubber Tires, making it the 5th largest exporter of Rubber Tires in the world. At the same year, Rubber Tires was the 74th most exported product in United States. The main destination of Rubber Tires exports from United States are: Mexico ($1.55B), Canada ($1.49B), Australia ($405M), Chile ($203M), and Germany ($180M).

The fastest growing export markets for Rubber Tires of United States between 2021 and 2022 were Mexico ($309M), Australia ($71.2M), and Canada ($65.2M).

Imports In 2022, United States imported $19B in Rubber Tires, becoming the 1st largest importer of Rubber Tires in the world. At the same year, Rubber Tires was the 24th most imported product in United States. United States imports Rubber Tires primarily from: Thailand ($3.55B), Japan ($1.75B), Mexico ($1.64B), Canada ($1.63B), and Vietnam ($1.28B).

The fastest growing import markets in Rubber Tires for United States between 2021 and 2022 were Japan ($439M), Thailand ($328M), and Vietnam ($289M).

COMPANIES In 2023, leading companies such as GOODYEAR TIRE & RUBBER CO. (119k), PIRELLI TIRE LLC (69.3k), and GITI TIRE (USA) LTD. (43.3k) were at the forefront of shipping Rubber Tires to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United States' Rubber Tires exports accounted up to $391M and imports accounted up to $1.56B, resulting in a negative trade balance of $1.17B. Between January 2023 and January 2024 the exports of United States'   Rubber Tires have increased by $1.26M (0.32%) from $390M to $391M, while imports increased by $127M (8.81%) from $1.44B to $1.56B.

Destinations In January 2024, Rubber Tires were exported mostly to Canada ($153M), Mexico ($142M), Australia ($18.5M), Brazil ($12.4M), and Germany ($9.49M), and were imported mostly from Thailand ($314M), Japan ($155M), Mexico ($152M), Canada ($144M), and Vietnam ($117M).

Growth In January 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 January 2024, the increase in Rubber Tires's year-by-year imports was explained primarily by an increase in imports from India ($14.6M or 32.6%), Japan ($14M or 12.5%), and Romania ($13.3M or 110%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2023 - January 2024)$1.26M(0.32%)
IMPORT GROWTH (January 2023 - January 2024)$127M(8.81%)
MAIN EXPORTER (January 2024)South Carolina$125M
MAIN DESTINATION (January 2024)Canada$153M

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 (2022)$4.93B
IMPORTS (2022)$19B
NET TRADE (2022)-$14B

In 2022, United States exported $4.93B in Rubber Tires. The main destinations of United States exports on Rubber Tires were Mexico ($1.55B), Canada ($1.49B), Australia ($405M), Chile ($203M), and Germany ($180M).

In 2022, United States imported $19B in Rubber Tires, mainly from Thailand ($3.55B), Japan ($1.75B), Mexico ($1.64B), Canada ($1.63B), and Vietnam ($1.28B).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber Tires EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$309M (24.8%)
Australia$71.2M (21.3%)
Canada$65.2M (4.58%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Tires BY United States WERE (2021 - 2022):
Russia-$85.9M (-83.8%)
Thailand-$10.8M (-31.1%)
Namibia-$9.42M (-78%)
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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 Rubber Tires were:
China $19.6B
Thailand $7.2B
Germany $5.83B
In 2022, United States's main importing competitors in Rubber Tires were:
Germany $7.38B
France $4.51B

Explore Visualizations

Trade Value of Rubber Tires by Exporters

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