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2022
Exports $42.3MWorld Rnk 6 / 174
Flag Rnk 888 / 1217
2022
Destination $9.21M Canada
2021 - 2022
FASTEST GROWING MARKET $9.21MChina
2022
PRODUCT COMPLEXITY IN Umbrellas-0.043Rnk 560 / 1025
2022
Imports $680MWorld Rnk 1 / 218
Flag Rnk 473 / 1216
2022
Origin $46.4M China
2021 - 2022
FASTEST GROWING ORIGIN $46.4MChina
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $42.3M in Umbrellas, making it the 6th largest exporter of Umbrellas in the world. At the same year, Umbrellas was the 888th most exported product in United States. The main destination of Umbrellas exports from United States are: Canada ($16.3M), China ($9.49M), Mexico ($4.08M), Netherlands ($1.74M), and Bahamas ($1.25M).

The fastest growing export markets for Umbrellas of United States between 2021 and 2022 were China ($9.21M), Mexico ($2.32M), and Canada ($1.29M).

Imports In 2022, United States imported $680M in Umbrellas, becoming the 1st largest importer of Umbrellas in the world. At the same year, Umbrellas was the 473rd most imported product in United States. United States imports Umbrellas primarily from: China ($644M), Cambodia ($8.9M), Italy ($4.18M), Vietnam ($3.4M), and Canada ($2.94M).

The fastest growing import markets in Umbrellas for United States between 2021 and 2022 were China ($46.4M), Cambodia ($3.61M), and Belgium ($1.18M).

COMPANIES In 2023, leading companies such as Cinmar (326), Itourscm (229), and Schindler Elevators (158) were at the forefront of shipping Umbrellas to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Umbrellas exports accounted up to $4.29M and imports accounted up to $33.5M, resulting in a negative trade balance of $29.2M. Between June 2023 and June 2024 the exports of United States'   Umbrellas have increased by $68k (1.61%) from $4.22M to $4.29M, while imports increased by $2.4M (7.72%) from $31.1M to $33.5M.

Destinations In June 2024, Umbrellas were exported mostly to Canada ($2.39M), China ($301k), Netherlands ($276k), Morocco ($250k), and Greece ($195k), and were imported mostly from China ($31.6M), Cambodia ($637k), Mexico ($469k), Italy ($167k), and Canada ($146k).

Growth In June 2024, the increase in Umbrellas's year-by-year exports was explained primarily by an increase in exports to China ($568k or 5.77k%), France ($433k or 10.7k%), and Sint Maarten ($121k or 1.16k%). In June 2024, the increase in Umbrellas's year-by-year imports was explained primarily by an increase in imports from Hong Kong ($77.2k or 430%), Vietnam ($69k or 15.5%), and India ($53.4k or 5.11k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$68k(1.61%)
IMPORT GROWTH (June 2023 - June 2024)$2.4M(7.72%)
MAIN EXPORTER (June 2024)Florida$1.73M
MAIN DESTINATION (June 2024)Canada$2.39M

This section shows Umbrellas'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 Umbrellas over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$42.3M
IMPORTS (2022)$680M
NET TRADE (2022)-$637M

In 2022, United States exported $42.3M in Umbrellas. The main destinations of United States exports on Umbrellas were Canada ($16.3M), China ($9.49M), Mexico ($4.08M), Netherlands ($1.74M), and Bahamas ($1.25M).

In 2022, United States imported $680M in Umbrellas, mainly from China ($644M), Cambodia ($8.9M), Italy ($4.18M), Vietnam ($3.4M), and Canada ($2.94M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Umbrellas EXPORT MARKETS FOR United States WERE (2021 - 2022):
China$9.21M (3.34k%)
Mexico$2.32M (131%)
Canada$1.29M (8.57%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Umbrellas BY United States WERE (2021 - 2022):
Guatemala-$269k (-68.1%)
Germany-$126k (-61.3%)
Austria-$107k (-92.8%)
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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 Umbrellas were:
China $3.07B
Germany $83.4M
Netherlands $75.5M
In 2022, United States's main importing competitors in Umbrellas were:
Germany $267M
Japan $233M

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Trade Value of Umbrellas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $887k
TOP IMPORT POTENTIALCambodia+ $2.78M

Umbrellas’s highest export potential is Mexico. With an export gap of $887k.   Umbrellas’s highest import potential is Cambodia with an import gap of $2.78M.

See methodology.

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