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2022
Exports $264MWorld Rnk 2 / 142
Flag Rnk 531 / 1217
2022
Destination $6.95M Mexico
2021 - 2022
FASTEST GROWING MARKET $6.95MNicaragua
2022
PRODUCT COMPLEXITY IN Synthetic Fabrics-0.0088Rnk 549 / 1025
2022
Imports $133MWorld Rnk 4 / 208
Flag Rnk 827 / 1216
2022
Origin $5.19M Mexico
2021 - 2022
FASTEST GROWING ORIGIN $5.19MAustria
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $264M in Synthetic Fabrics, making it the 2nd largest exporter of Synthetic Fabrics in the world. At the same year, Synthetic Fabrics was the 531st most exported product in United States. The main destination of Synthetic Fabrics exports from United States are: Mexico ($129M), Canada ($28.4M), Nicaragua ($18.5M), China ($17.8M), and Honduras ($10.8M).

The fastest growing export markets for Synthetic Fabrics of United States between 2021 and 2022 were Nicaragua ($6.95M), Mexico ($5.22M), and Dominican Republic ($2.45M).

Imports In 2022, United States imported $133M in Synthetic Fabrics, becoming the 4th largest importer of Synthetic Fabrics in the world. At the same year, Synthetic Fabrics was the 827th most imported product in United States. United States imports Synthetic Fabrics primarily from: Mexico ($25.6M), China ($21.9M), Spain ($12.3M), Italy ($12M), and Canada ($9.95M).

The fastest growing import markets in Synthetic Fabrics for United States between 2021 and 2022 were Austria ($5.19M), Mexico ($4.36M), and France ($3.38M).

COMPANIES In 2023, leading companies such as Jo-Ann Stores (1) and Gap (1) were at the forefront of shipping Synthetic Fabrics to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Synthetic Fabrics exports accounted up to $15.3M and imports accounted up to $6.95M, resulting in a positive trade balance of $8.31M. Between June 2023 and June 2024 the exports of United States'   Synthetic Fabrics have decreased by $-726k (-4.54%) from $16M to $15.3M, while imports increased by $412k (6.31%) from $6.54M to $6.95M.

Destinations In June 2024, Synthetic Fabrics were exported mostly to Mexico ($8.87M), Canada ($2.26M), Nicaragua ($1.35M), Honduras ($595k), and Dominican Republic ($338k), and were imported mostly from Mexico ($1.73M), China ($988k), Canada ($732k), Spain ($612k), and Italy ($498k).

Growth In June 2024, the decrease in Synthetic Fabrics's year-by-year exports was explained primarily by a decrease in exports to China ($-1.65M or -75.5%), Canada ($-1.52M or -50.9%), and Vietnam ($-607k or -98.4%). In June 2024, the increase in Synthetic Fabrics's year-by-year imports was explained primarily by an increase in imports from Austria ($418k or 369%), United Kingdom ($237k or 560%), and India ($211k or 42.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-726k(-4.54%)
IMPORT GROWTH (June 2023 - June 2024)$412k(6.31%)
MAIN EXPORTER (June 2024)North Carolina$6.94M
MAIN DESTINATION (June 2024)Mexico$8.87M

This section shows Synthetic Fabrics'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 Fabrics over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$264M
IMPORTS (2022)$133M
NET TRADE (2022)$131M

In 2022, United States exported $264M in Synthetic Fabrics. The main destinations of United States exports on Synthetic Fabrics were Mexico ($129M), Canada ($28.4M), Nicaragua ($18.5M), China ($17.8M), and Honduras ($10.8M).

In 2022, United States imported $133M in Synthetic Fabrics, mainly from Mexico ($25.6M), China ($21.9M), Spain ($12.3M), Italy ($12M), and Canada ($9.95M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Synthetic Fabrics EXPORT MARKETS FOR United States WERE (2021 - 2022):
Nicaragua$6.95M (59.9%)
Mexico$5.22M (4.21%)
Dominican Republic$2.45M (32.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Synthetic Fabrics BY United States WERE (2021 - 2022):
China-$8.22M (-31.5%)
Chinese Taipei-$1.23M (-75.9%)
Vietnam-$1.04M (-28.8%)
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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 Fabrics were:
China $1.42B
Germany $165M
In 2022, United States's main importing competitors in Synthetic Fabrics were:
Vietnam $384M
Morocco $237M
Mexico $179M

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Trade Value of Synthetic Fabrics by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.49M
TOP IMPORT POTENTIALChina+ $12.5M

Synthetic Fabrics’s highest export potential is China. With an export gap of $3.49M.   Synthetic Fabrics’s highest import potential is China with an import gap of $12.5M.

See methodology.

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