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2022
Exports $29.8MWorld Rnk 4 / 112
Flag Rnk 931 / 1217
2022
Destination $366k Canada
2021 - 2022
FASTEST GROWING MARKET $366kSingapore
2022
Imports $62.6MWorld Rnk 1 / 173
Flag Rnk 937 / 1216
2022
Origin $2.56M Brazil
2021 - 2022
FASTEST GROWING ORIGIN $2.56MChina
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $29.8M in Vegetable waxes and beeswax, making it the 4th largest exporter of Vegetable waxes and beeswax in the world. At the same year, Vegetable waxes and beeswax was the 931st most exported product in United States. The main destination of Vegetable waxes and beeswax exports from United States are: Canada ($7.7M), Belgium ($3.59M), Mexico ($2.92M), South Korea ($2.03M), and Australia ($2.01M).

The fastest growing export markets for Vegetable waxes and beeswax of United States between 2021 and 2022 were Singapore ($366k), Mexico ($222k), and Indonesia ($220k).

Imports In 2022, United States imported $62.6M in Vegetable waxes and beeswax, becoming the 1st largest importer of Vegetable waxes and beeswax in the world. At the same year, Vegetable waxes and beeswax was the 937th most imported product in United States. United States imports Vegetable waxes and beeswax primarily from: Brazil ($23.5M), China ($10.6M), Vietnam ($7M), Tanzania ($3.64M), and India ($2.96M).

The fastest growing import markets in Vegetable waxes and beeswax for United States between 2021 and 2022 were China ($2.56M), Argentina ($1.61M), and Vietnam ($1.55M).

COMPANIES In 2023, leading companies such as Woodstream (13) and Amazon (7) were at the forefront of shipping Vegetable waxes and beeswax to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Vegetable waxes and beeswax exports accounted up to $3.21M and imports accounted up to $6.43M, resulting in a negative trade balance of $3.22M. Between August 2023 and August 2024 the exports of United States'   Vegetable waxes and beeswax have increased by $263k (8.95%) from $2.94M to $3.21M, while imports increased by $1.58M (32.7%) from $4.84M to $6.43M.

Destinations In August 2024, Vegetable waxes and beeswax were exported mostly to Canada ($595k), Belgium ($494k), Germany ($409k), Mexico ($260k), and France ($226k), and were imported mostly from Brazil ($3.25M), China ($1.07M), Mexico ($501k), Argentina ($350k), and Ethiopia ($241k).

Growth In August 2024, the increase in Vegetable waxes and beeswax's year-by-year exports was explained primarily by an increase in exports to Australia ($191k or 846%), France ($189k or 5.33k%), and South Korea ($66.1k or 66%). In August 2024, the increase in Vegetable waxes and beeswax's year-by-year imports was explained primarily by an increase in imports from Malaysia ($91.8k or 96.2%), Vietnam ($68.8k or 53.8%), and France ($46.3k or 161%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$263k(8.95%)
IMPORT GROWTH (August 2023 - August 2024)$1.58M(32.7%)
MAIN EXPORTER (August 2024)North Carolina$1.04M
MAIN DESTINATION (August 2024)Canada$595k

This section shows Vegetable waxes and beeswax'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 Vegetable waxes and beeswax over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$29.8M
IMPORTS (2022)$62.6M
NET TRADE (2022)-$32.8M

In 2022, United States exported $29.8M in Vegetable waxes and beeswax. The main destinations of United States exports on Vegetable waxes and beeswax were Canada ($7.7M), Belgium ($3.59M), Mexico ($2.92M), South Korea ($2.03M), and Australia ($2.01M).

In 2022, United States imported $62.6M in Vegetable waxes and beeswax, mainly from Brazil ($23.5M), China ($10.6M), Vietnam ($7M), Tanzania ($3.64M), and India ($2.96M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Vegetable waxes and beeswax EXPORT MARKETS FOR United States WERE (2021 - 2022):
Singapore$366k (117%)
Mexico$222k (8.22%)
Indonesia$220k (187%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vegetable waxes and beeswax BY United States WERE (2021 - 2022):
United Kingdom-$1.37M (-50.7%)
Belgium-$1.05M (-22.6%)
Australia-$481k (-19.3%)
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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 Vegetable waxes and beeswax were:
Brazil $98.5M
China $60.4M
Germany $33.7M
In 2022, United States's main importing competitors in Vegetable waxes and beeswax were:
Germany $59.4M
China $30.8M

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Trade Value of Vegetable waxes and beeswax by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $641k
TOP IMPORT POTENTIALMexico+ $1.36M

Vegetable waxes and beeswax’s highest export potential is China. With an export gap of $641k.   Vegetable waxes and beeswax’s highest import potential is Mexico with an import gap of $1.36M.

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