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2022
Exports $965MWorld Rnk 4 / 176
Flag Rnk 264 / 1217
2022
Destination $41.8M South Korea
2021 - 2022
FASTEST GROWING MARKET $41.8MSouth Korea
2022
PRODUCT COMPLEXITY IN Synthetic Coloring Matter0.71Rnk 271 / 1025
2022
Imports $1.02BWorld Rnk 1 / 215
Flag Rnk 393 / 1216
2022
Origin $34.7M India
2021 - 2022
FASTEST GROWING ORIGIN $34.7MIndia
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $965M in Synthetic Coloring Matter, making it the 4th largest exporter of Synthetic Coloring Matter in the world. At the same year, Synthetic Coloring Matter was the 264th most exported product in United States. The main destination of Synthetic Coloring Matter exports from United States are: South Korea ($248M), Canada ($116M), Mexico ($100M), Belgium ($64.1M), and China ($56.2M).

The fastest growing export markets for Synthetic Coloring Matter of United States between 2021 and 2022 were South Korea ($41.8M), Canada ($5.16M), and United Kingdom ($4.23M).

Imports In 2022, United States imported $1.02B in Synthetic Coloring Matter, becoming the 1st largest importer of Synthetic Coloring Matter in the world. At the same year, Synthetic Coloring Matter was the 393rd most imported product in United States. United States imports Synthetic Coloring Matter primarily from: India ($298M), Germany ($176M), China ($165M), Switzerland ($68.1M), and Mexico ($56.4M).

The fastest growing import markets in Synthetic Coloring Matter for United States between 2021 and 2022 were India ($34.7M), China ($19.3M), and Germany ($16.5M).

COMPANIES In 2023, leading companies such as Dole Fresh Fruit (1.08k), LG Electronics (1.01k), and Samsung (263) were at the forefront of shipping Synthetic Coloring Matter to the United States.

Latest Trends

September 2024

About

Overview In September 2024 United States' Synthetic Coloring Matter exports accounted up to $70M and imports accounted up to $66.3M, resulting in a positive trade balance of $3.72M. Between September 2023 and September 2024 the exports of United States'   Synthetic Coloring Matter have increased by $2.96M (4.41%) from $67M to $70M, while imports increased by $18.3M (38.3%) from $47.9M to $66.3M.

Destinations In September 2024, Synthetic Coloring Matter were exported mostly to Canada ($12.7M), South Korea ($11.6M), Mexico ($7.68M), France ($6.64M), and Thailand ($3.92M), and were imported mostly from India ($26M), Germany ($9.13M), China ($7.76M), Japan ($3.51M), and Switzerland ($3.43M).

Growth In September 2024, the increase in Synthetic Coloring Matter's year-by-year exports was explained primarily by an increase in exports to Switzerland ($2.45M or 937%), Brazil ($1.11M or 86.5%), and Mexico ($930k or 11.5%). In September 2024, the increase in Synthetic Coloring Matter's year-by-year imports was explained primarily by an increase in imports from Switzerland ($2.66M or 147%), Germany ($1.47M or 12.7%), and United Kingdom ($690k or 111%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$2.96M(4.41%)
IMPORT GROWTH (September 2023 - September 2024)$18.3M(38.3%)
MAIN EXPORTER (September 2024)New Jersey$34M
MAIN DESTINATION (September 2024)Canada$12.7M

This section shows Synthetic Coloring Matter'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 Synthetic Coloring Matter over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$965M
IMPORTS (2022)$1.02B
NET TRADE (2022)-$53M

In 2022, United States exported $965M in Synthetic Coloring Matter. The main destinations of United States exports on Synthetic Coloring Matter were South Korea ($248M), Canada ($116M), Mexico ($100M), Belgium ($64.1M), and China ($56.2M).

In 2022, United States imported $1.02B in Synthetic Coloring Matter, mainly from India ($298M), Germany ($176M), China ($165M), Switzerland ($68.1M), and Mexico ($56.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Synthetic Coloring Matter EXPORT MARKETS FOR United States WERE (2021 - 2022):
South Korea$41.8M (20.3%)
Canada$5.16M (4.65%)
United Kingdom$4.23M (24.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Synthetic Coloring Matter BY United States WERE (2021 - 2022):
China-$14.6M (-20.7%)
France-$10.9M (-26.3%)
Netherlands-$7.58M (-30.4%)
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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 Synthetic Coloring Matter were:
China $3.05B
India $2.92B
Germany $1.36B
In 2022, United States's main importing competitors in Synthetic Coloring Matter were:
China $999M
Germany $755M

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Trade Value of Synthetic Coloring Matter by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $23.4M
TOP IMPORT POTENTIALIndia+ $76.8M

Synthetic Coloring Matter’s highest export potential is China. With an export gap of $23.4M.   Synthetic Coloring Matter’s highest import potential is India with an import gap of $76.8M.

See methodology.

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