Rubber Tires in United States 2021 Exports | Imports : $4.35B | $16B, World Rnk 5 / 199 Rnk 76 / 1216 | World Rnk 1 / 225 Rnk 25 / 1215
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $223M | $412M, Canada | Mexico
2021 ECONOMIC COMPLEXITY of United States: 1.46, Rnk 10 / 131
2021 PRODUCT COMPLEXITY IN Rubber Tires: 0.32, Rnk 436 / 1029
Exports In 2021, United States exported $4.35B in Rubber Tires, making it the 5th largest exporter of Rubber Tires in the world. At the same year, Rubber Tires was the 76th most exported product in United States. The main destination of Rubber Tires exports from United States are: Canada ($1.42B), Mexico ($1.24B), Australia ($327M), Germany ($179M), and Chile ($158M).
The fastest growing export markets for Rubber Tires of United States between 2020 and 2021 were Canada ($223M), Mexico ($155M), and Germany ($46.4M).
Imports In 2021, United States imported $16B in Rubber Tires, becoming the 1st largest importer of Rubber Tires in the world. At the same year, Rubber Tires was the 25th most imported product in United States. United States imports Rubber Tires primarily from: Thailand ($3.18B), Canada ($1.69B), Mexico ($1.38B), Japan ($1.3B), and China ($1.04B).
The fastest growing import markets in Rubber Tires for United States between 2020 and 2021 were Mexico ($412M), Canada ($369M), and Thailand ($361M).
Tariffs In 2019, the average tariff for United States in Rubber Tires was 1.63%. The countries with the highest import tariffs for Rubber Tires were Burundi (Most Favoured Nation duty rate treatment, 2.11%), Democratic Republic of the Congo (Most Favoured Nation duty rate treatment, 2.11%), Algeria (Most Favoured Nation duty rate treatment, 2.11%), Egypt (Most Favoured Nation duty rate treatment, 2.11%), and Eritrea (Most Favoured Nation duty rate treatment, 2.11%).
March 2023
Overview In March 2023 United States' Rubber Tires exports accounted up to $494M and imports accounted up to $1.57B, resulting in a negative trade balance of $1.08B. Between March 2022 and March 2023 the exports of United States' Rubber Tires have increased by $87.7M (21.6%) from $407M to $494M, while imports increased by $5.49M (0.35%) from $1.57B to $1.57B.
Destinations In March 2023, Rubber Tires were exported mostly to Canada ($176M), Mexico ($168M), Australia ($32.8M), Chile ($18.9M), and Germany ($16.2M), and were imported mostly from Thailand ($263M), Mexico ($173M), Japan ($170M), Canada ($155M), and Indonesia ($104M).
Growth In March 2023, the increase in Rubber Tires's year-by-year exports was explained primarily by an increase in exports to Mexico ($24.5M or 25.3%), Australia ($7.39M or 34.3%), and Chile ($5.93M or 76.6%). In March 2023, the increase in Rubber Tires's year-by-year imports was explained primarily by an increase in imports from Indonesia ($21.5M or 32.4%), Vietnam ($20.6M or 27.1%), and Mexico ($19.1M or 17.9%).
EXPORT GROWTH (March 2022 - March 2023): $87.7M, (21.6%)
IMPORT GROWTH (March 2022 - March 2023): $5.49M, (0.35%)
MAIN EXPORTER (March 2023): South Carolina, $163M
MAIN DESTINATION (March 2023): Canada, $176M
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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EXPORTS (2021): $4.35B
IMPORTS (2021): $16B
NET TRADE (2021): -$11.6B
In 2021, United States exported $4.35B in Rubber Tires. The main destinations of United States exports on Rubber Tires were Canada ($1.42B), Mexico ($1.24B), Australia ($327M), Germany ($179M), and Chile ($158M).
In 2021, United States imported $16B in Rubber Tires, mainly from Thailand ($3.18B), Canada ($1.69B), Mexico ($1.38B), Japan ($1.3B), and China ($1.04B).
THE FASTEST GROWING Rubber Tires EXPORT MARKETS FOR United States WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Tires BY United States WERE (2020 - 2021):
In 2021, United States's main exporting competitors in Rubber Tires were:
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