2022
Exports
$10.6BWorld Rnk 4 / 221
Flag Rnk 16 / 21
2022
PRODUCT COMPLEXITY IN Wood Products
0.3Rnk 451 / 1025
2022
Imports
$35.3BWorld Rnk 1 / 226
Flag Rnk 15 / 21
2022
ECONOMIC COMPLEXITY of United States
1.47Rnk 10 / 133

About

Exports In 2022, United States exported $10.6B in Wood Products, making it the 4th largest exporter of Wood Products in the world. At the same year, Wood Products was the 16th most exported product in United States. The main destination of Wood Products exports from United States are: Canada ($2.61B), China ($1.7B), Mexico ($1.21B), United Kingdom ($1.2B), and Japan ($980M).

The fastest growing export markets for Wood Products of United States between 2021 and 2022 were Japan ($248M), Canada ($157M), and Mexico ($137M).

Imports In 2022, United States imported $35.3B in Wood Products, becoming the 1st largest importer of Wood Products in the world. At the same year, Wood Products was the 15th most imported product in United States. United States imports Wood Products primarily from: Canada ($17.2B), China ($3.99B), Brazil ($2.22B), Chile ($1.61B), and Germany ($1.49B).

The fastest growing import markets in Wood Products for United States between 2021 and 2022 were Chile ($402M), Sweden ($226M), and Germany ($178M).

COMPANIES In 2023, leading companies such as LG Electronics (7.27k), IKEA Group (2.34k), and CrimsonLogic (2.19k) were at the forefront of shipping Wood Products to the United States.

Latest Trends

August 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-56.2M(-6.77%)
IMPORT GROWTH (August 2023 - August 2024)$-216M(-10.2%)
MAIN EXPORTER (August 2024)Washington$77.2M
MAIN DESTINATION (August 2024)Canada$207M

This section shows Wood Products'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 Wood Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$10.6B
IMPORTS (2022)$35.3B
NET TRADE (2022)-$24.7B

In 2022, United States exported $10.6B in Wood Products. The main destinations of United States exports on Wood Products were Canada ($2.61B), China ($1.7B), Mexico ($1.21B), United Kingdom ($1.2B), and Japan ($980M).

In 2022, United States imported $35.3B in Wood Products, mainly from Canada ($17.2B), China ($3.99B), Brazil ($2.22B), Chile ($1.61B), and Germany ($1.49B).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Products EXPORT MARKETS FOR United States WERE (2021 - 2022):
Japan$248M (33.8%)
Canada$157M (6.42%)
Mexico$137M (12.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Products BY United States WERE (2021 - 2022):
China-$349M (-17%)
Dominican Republic-$26.4M (-19.7%)
South Korea-$21.8M (-17.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Wood Products were:
China $20.4B
Canada $20.1B
In 2022, United States's main importing competitors in Wood Products were:
China $18.1B
Germany $11.9B

Explore Visualizations

Trade Value of Wood Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $87.6M
TOP IMPORT POTENTIALCanada+ $262M

Wood Products’s highest export potential is China. With an export gap of $87.6M.   Wood Products’s highest import potential is Canada with an import gap of $262M.

See methodology.

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