Used Rubber Tires in United States 2021 Exports | Imports : $155M | $376M, World Rnk 5 / 173 Rnk 625 / 1216 | World Rnk 1 / 220 Rnk 578 / 1215
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $17.1M | $52.1M, Canada | Sri Lanka
2021 ECONOMIC COMPLEXITY of United States: 1.46, Rnk 10 / 131
2021 PRODUCT COMPLEXITY IN Used Rubber Tires: 0.62, Rnk 310 / 1029
Exports In 2021, United States exported $155M in Used Rubber Tires, making it the 5th largest exporter of Used Rubber Tires in the world. At the same year, Used Rubber Tires was the 625th most exported product in United States. The main destination of Used Rubber Tires exports from United States are: Canada ($88.5M), Mexico ($26M), Dominican Republic ($4.49M), Guatemala ($3.73M), and Germany ($3.38M).
The fastest growing export markets for Used Rubber Tires of United States between 2020 and 2021 were Canada ($17.1M), Mexico ($1.66M), and Guatemala ($1.16M).
Imports In 2021, United States imported $376M in Used Rubber Tires, becoming the 1st largest importer of Used Rubber Tires in the world. At the same year, Used Rubber Tires was the 578th most imported product in United States. United States imports Used Rubber Tires primarily from: Sri Lanka ($155M), Mexico ($44.2M), China ($41.4M), Brazil ($25M), and Canada ($19.7M).
The fastest growing import markets in Used Rubber Tires for United States between 2020 and 2021 were Sri Lanka ($52.1M), Brazil ($7.01M), and India ($6.15M).
Tariffs In 2018, the average tariff for United States in Used Rubber Tires was 1.14%. The countries with the highest import tariffs for Used Rubber Tires were North Korea (Most Favoured Nation duty rate treatment, 1.94%), Cuba (Most Favoured Nation duty rate treatment, 1.94%), Burundi (Most Favoured Nation duty rate treatment, 1.62%), Democratic Republic of the Congo (Most Favoured Nation duty rate treatment, 1.62%), and Algeria (Most Favoured Nation duty rate treatment, 1.62%).
February 2023
Overview In February 2023 United States' Used Rubber Tires exports accounted up to $17.4M and imports accounted up to $33.5M, resulting in a negative trade balance of $16M. Between February 2022 and February 2023 the exports of United States' Used Rubber Tires have increased by $3.02M (20.9%) from $14.4M to $17.4M, while imports increased by $3.91M (13.2%) from $29.6M to $33.5M.
Destinations In February 2023, Used Rubber Tires were exported mostly to Canada ($8.77M), Mexico ($4.7M), France ($703k), Netherlands ($372k), and Germany ($345k), and were imported mostly from Sri Lanka ($13.3M), Mexico ($6.19M), Brazil ($2.16M), China ($1.91M), and Japan ($1.6M).
Growth In February 2023, the increase in Used Rubber Tires's year-by-year exports was explained primarily by an increase in exports to Canada ($1.37M or 20.4%), Mexico ($499k or 28.7%), and Australia ($264k or 544%). In February 2023, the increase in Used Rubber Tires's year-by-year imports was explained primarily by an increase in imports from Sri Lanka ($2.53M or 27.5%), Brazil ($2.24M or 212%), and Mexico ($610k or 18.4%).
EXPORT GROWTH (February 2022 - February 2023): $3.02M, (20.9%)
IMPORT GROWTH (February 2022 - February 2023): $3.91M, (13.2%)
MAIN EXPORTER (February 2023): South Carolina, $4.6M
MAIN DESTINATION (February 2023): Canada, $8.77M
This section shows Used Rubber Tires'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 Used Rubber Tires over time.
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EXPORTS (2021): $155M
IMPORTS (2021): $376M
NET TRADE (2021): -$221M
In 2021, United States exported $155M in Used Rubber Tires. The main destinations of United States exports on Used Rubber Tires were Canada ($88.5M), Mexico ($26M), Dominican Republic ($4.49M), Guatemala ($3.73M), and Germany ($3.38M).
In 2021, United States imported $376M in Used Rubber Tires, mainly from Sri Lanka ($155M), Mexico ($44.2M), China ($41.4M), Brazil ($25M), and Canada ($19.7M).
THE FASTEST GROWING Used Rubber Tires EXPORT MARKETS FOR United States WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Used Rubber Tires BY United States WERE (2020 - 2021):
In 2021, United States's main exporting competitors in Used Rubber Tires were:
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