Tanned Equine and Bovine Hides in United States 2020 Exports | Imports : $1.14B | $499M, World Rnk 2 / 159 Rnk 207 / 1217 | World Rnk 5 / 184 Rnk 462 / 1214
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $5.79M | $718k, Nicaragua | Colombia
2020 ECONOMIC COMPLEXITY of United States: 1.56, Rnk 9 / 127
2020 PRODUCT COMPLEXITY IN Tanned Equine and Bovine Hides: -0.94, Rnk 819 / 1029
Exports In 2020, United States exported $1.14B in Tanned Equine and Bovine Hides, making it the 2nd largest exporter of Tanned Equine and Bovine Hides in the world. At the same year, Tanned Equine and Bovine Hides was the 207th most exported product in United States. The main destination of Tanned Equine and Bovine Hides exports from United States are: China ($456M), Mexico ($244M), Italy ($99.2M), Vietnam ($85M), and South Korea ($75.6M).
The fastest growing export markets for Tanned Equine and Bovine Hides of United States between 2019 and 2020 were Nicaragua ($5.79M), Turkey ($2.19M), and India ($1.38M).
Imports In 2020, United States imported $499M in Tanned Equine and Bovine Hides, becoming the 5th largest importer of Tanned Equine and Bovine Hides in the world. At the same year, Tanned Equine and Bovine Hides was the 462nd most imported product in United States. United States imports Tanned Equine and Bovine Hides primarily from: Brazil ($164M), Italy ($147M), Mexico ($56.3M), Argentina ($21.9M), and Canada ($15.1M).
The fastest growing import markets in Tanned Equine and Bovine Hides for United States between 2019 and 2020 were Colombia ($718k), India ($707k), and Switzerland ($482k).
Tariffs In 2019, the average tariff for United States in Tanned Equine and Bovine Hides was 1.85%. The countries with the highest import tariffs for Tanned Equine and Bovine Hides were Burundi (Most Favoured Nation duty rate treatement, 2.68%), Democratic Republic of the Congo (Most Favoured Nation duty rate treatement, 2.68%), Somalia (Most Favoured Nation duty rate treatement, 2.68%), South Sudan (Most Favoured Nation duty rate treatement, 2.68%), and Afghanistan (Most Favoured Nation duty rate treatement, 2.68%).
November 2022
Overview In November 2022 United States' Tanned Equine and Bovine Hides exports accounted up to $42.5M and imports accounted up to $3.14M, resulting in a positive trade balance of $39.3M. Between November 2021 and November 2022 the exports of United States' Tanned Equine and Bovine Hides have increased by $1.19M (2.87%) from $41.3M to $42.5M, while imports increased by $683k (27.8%) from $2.45M to $3.14M.
Destinations In November 2022, Tanned Equine and Bovine Hides were exported mostly to Italy ($12M), China ($9.76M), Mexico ($8.61M), Vietnam ($6.69M), and Thailand ($2.44M), and were imported mostly from Italy ($1.2M), Brazil ($1.06M), Netherlands ($379k), Argentina ($222k), and Sweden ($108k).
Growth In November 2022, the increase in Tanned Equine and Bovine Hides's year-by-year exports was explained primarily by an increase in exports to India ($658k or 436%), Nicaragua ($500k or 193%), and Cambodia ($364k or 140%). In November 2022, the increase in Tanned Equine and Bovine Hides's year-by-year imports was explained primarily by an increase in imports from Sweden ($264k or 4.2k%), Spain ($176k or 665%), and Mexico ($174k or 239%).
EXPORT GROWTH (November 2021 - November 2022): $1.19M, (2.87%)
IMPORT GROWTH (November 2021 - November 2022): $683k, (27.8%)
MAIN EXPORTER (November 2022): Missouri, $13.5M
MAIN DESTINATION (November 2022): Italy, $12M
This section shows Tanned Equine and Bovine Hides'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 Tanned Equine and Bovine Hides over time.
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EXPORTS (2020): $1.14B
IMPORTS (2020): $499M
NET TRADE (2020): $643M
In 2020, United States exported $1.14B in Tanned Equine and Bovine Hides. The main destinations of United States exports on Tanned Equine and Bovine Hides were China ($456M), Mexico ($244M), Italy ($99.2M), Vietnam ($85M), and South Korea ($75.6M).
In 2020, United States imported $499M in Tanned Equine and Bovine Hides, mainly from Brazil ($164M), Italy ($147M), Mexico ($56.3M), Argentina ($21.9M), and Canada ($15.1M).
THE FASTEST GROWING Tanned Equine and Bovine Hides EXPORT MARKETS FOR United States WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tanned Equine and Bovine Hides BY United States WERE (2019 - 2020):
In 2020, United States's main exporting competitors in Tanned Equine and Bovine Hides were:
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