Soap in United States 2021 Exports | Imports : $473M | $712M, World Rnk 5 / 203 Rnk 380 / 1216 | World Rnk 1 / 223 Rnk 439 / 1215
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $7.07M | $21.4M, Mexico | United Kingdom
2021 ECONOMIC COMPLEXITY of United States: 1.46, Rnk 10 / 131
2021 PRODUCT COMPLEXITY IN Soap: -1.11, Rnk 858 / 1024
Exports In 2021, United States exported $473M in Soap, making it the 5th largest exporter of Soap in the world. At the same year, Soap was the 380th most exported product in United States. The main destination of Soap exports from United States are: Canada ($227M), Mexico ($45.4M), South Korea ($16.5M), Australia ($11.4M), and Singapore ($10.6M).
The fastest growing export markets for Soap of United States between 2020 and 2021 were Mexico ($7.07M), United Arab Emirates ($2.6M), and Singapore ($2.35M).
Imports In 2021, United States imported $712M in Soap, becoming the 1st largest importer of Soap in the world. At the same year, Soap was the 439th most imported product in United States. United States imports Soap primarily from: China ($189M), Mexico ($169M), United Kingdom ($52.4M), Canada ($45.9M), and Italy ($31.5M).
The fastest growing import markets in Soap for United States between 2020 and 2021 were United Kingdom ($21.4M), Mexico ($12.5M), and Italy ($8.04M).
May 2023
Overview In May 2023 United States' Soap exports accounted up to $98.6M and imports accounted up to $132M, resulting in a negative trade balance of $33.6M. Between May 2022 and May 2023 the exports of United States' Soap have decreased by $-5.68M (-5.45%) from $104M to $98.6M, while imports increased by $8.79M (7.13%) from $123M to $132M.
Destinations In May 2023, Soap were exported mostly to Canada ($46.6M), Mexico ($10.6M), Singapore ($6.84M), Japan ($3.58M), and South Korea ($2.75M), and were imported mostly from Canada ($28.9M), Mexico ($24.2M), China ($23M), Colombia ($8.37M), and Indonesia ($6.39M).
Growth In May 2023, the decrease in Soap's year-by-year exports was explained primarily by a decrease in exports to Canada ($-6.15M or -15.6%), China ($-2.87M or -72%), and Singapore ($-2.07M or -57%). In May 2023, the increase in Soap's year-by-year imports was explained primarily by an increase in imports from Mexico ($8.56M or 52.7%), Colombia ($1.7M or 152%), and Japan ($1.27M or 326%).
EXPORT GROWTH (May 2022 - May 2023): $-5.68M, (-5.45%)
IMPORT GROWTH (May 2022 - May 2023): $8.79M, (7.13%)
MAIN EXPORTER (May 2023): Ohio, $24.6M
MAIN DESTINATION (May 2023): Canada, $46.6M
This section shows Soap'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 Soap over time.
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EXPORTS (2021): $473M
IMPORTS (2021): $712M
NET TRADE (2021): -$239M
In 2021, United States exported $473M in Soap. The main destinations of United States exports on Soap were Canada ($227M), Mexico ($45.4M), South Korea ($16.5M), Australia ($11.4M), and Singapore ($10.6M).
In 2021, United States imported $712M in Soap, mainly from China ($189M), Mexico ($169M), United Kingdom ($52.4M), Canada ($45.9M), and Italy ($31.5M).
THE FASTEST GROWING Soap EXPORT MARKETS FOR United States WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soap BY United States WERE (2020 - 2021):
In 2021, United States's main exporting competitors in Soap were:
In 2021, United States's main importing competitors in Soap were:
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