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2022
Exports $54.8MWorld Rnk 3 / 93
Flag Rnk 849 / 1217
2022
Destination $13M France
2021 - 2022
FASTEST GROWING MARKET $13MFrance
2022
Imports $46.7MWorld Rnk 3 / 178
Flag Rnk 985 / 1216
2022
Origin $11.7M Brazil
2021 - 2022
FASTEST GROWING ORIGIN $11.7MMexico
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $54.8M in Turpentine, making it the 3rd largest exporter of Turpentine in the world. At the same year, Turpentine was the 849th most exported product in United States. The main destination of Turpentine exports from United States are: France ($17.5M), India ($12.7M), Mexico ($2.73M), Colombia ($2.39M), and United Kingdom ($2.16M).

The fastest growing export markets for Turpentine of United States between 2021 and 2022 were France ($13M), India ($2.46M), and Mexico ($1.91M).

Imports In 2018, United States imported $46.7M in Turpentine, becoming the 3rd largest importer of Turpentine in the world. At the same year, Turpentine was the 985th most imported product in United States. United States imports Turpentine primarily from: Brazil ($20.3M), Mexico ($15.4M), Canada ($6.32M), Indonesia ($1.3M), and Argentina ($926k).

The fastest growing import markets in Turpentine for United States between 2021 and 2022 were Mexico ($11.7M), Brazil ($6.01M), and Indonesia ($1.3M).

COMPANIES In 2023, leading companies such as CMPC (472), Givaudan Fragrances (82), and PACCAR Engine (78) were at the forefront of shipping Turpentine to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Turpentine exports accounted up to $2.54M and imports accounted up to $1.53M, resulting in a positive trade balance of $1.01M. Between June 2023 and June 2024 the exports of United States'   Turpentine have decreased by $-1.19M (-32%) from $3.73M to $2.54M, while imports decreased by $-654k (-30%) from $2.18M to $1.53M.

Destinations In June 2024, Turpentine were exported mostly to India ($1.19M), Mexico ($282k), Colombia ($217k), Bolivia ($128k), and Brazil ($113k), and were imported mostly from Canada ($476k), Brazil ($445k), Mexico ($445k), India ($91k), and Argentina ($41.4k).

Growth In June 2024, the decrease in Turpentine's year-by-year exports was explained primarily by a decrease in exports to Canada ($-144k or -93.1%), Guyana ($-144k or -97.9%), and Serbia ($-28.3k or -15.3%). In June 2024, the decrease in Turpentine's year-by-year imports was explained primarily by a decrease in imports from France ($-79.9k or -76.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-1.19M(-32%)
IMPORT GROWTH (June 2023 - June 2024)$-654k(-30%)
MAIN EXPORTER (June 2024)Georgia$6.93M
MAIN DESTINATION (June 2024)India$1.19M

This section shows Turpentine'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 Turpentine over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$54.8M
IMPORTS (2022)$46.7M
NET TRADE (2022)$8.04M

In 2022, United States exported $54.8M in Turpentine. The main destinations of United States exports on Turpentine were France ($17.5M), India ($12.7M), Mexico ($2.73M), Colombia ($2.39M), and United Kingdom ($2.16M).

In 2022, United States imported $46.7M in Turpentine, mainly from Brazil ($20.3M), Mexico ($15.4M), Canada ($6.32M), Indonesia ($1.3M), and Argentina ($926k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Turpentine EXPORT MARKETS FOR United States WERE (2021 - 2022):
France$13M (286%)
India$2.46M (23.9%)
Mexico$1.91M (230%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Turpentine BY United States WERE (2021 - 2022):
United Arab Emirates-$1.6M (-98.5%)
Indonesia-$1.57M (-99.8%)
Chile-$1.25M (-95.2%)
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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 Turpentine were:
Brazil $110M
Indonesia $70.8M
In 2022, United States's main importing competitors in Turpentine were:
India $211M
France $85.6M

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Trade Value of Turpentine by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $822k
TOP IMPORT POTENTIALIndonesia+ $1.11M

Turpentine’s highest export potential is Mexico. With an export gap of $822k.   Turpentine’s highest import potential is Indonesia with an import gap of $1.11M.

See methodology.

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