Wood Products in United States | The Observatory of Economic Complexity

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 U.S.A. INC. (1.21M), IKEA SUPPLY AG (171k), and SAMSUNG ELECTRONICS AMERICA (68.7k) were at the forefront of shipping Wood Products to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United States' Wood Products exports accounted up to $750M and imports accounted up to $1.89B, resulting in a negative trade balance of $1.14B. Between January 2023 and January 2024 the exports of United States' Wood Products have decreased by $-22.3M (-2.89%) from $772M to $750M, while imports decreased by $-74.4M (-3.79%) from $1.97B to $1.89B.

Destinations In January 2024, Wood Products were exported mostly to Canada ($208M), China ($124M), United Kingdom ($118M), Mexico ($87M), and Japan ($48.6M), and were imported mostly from Canada ($857M), China ($195M), Brazil ($142M), Vietnam ($88.8M), and Chile ($78.8M).

Growth In January 2024, the decrease in Wood Products's year-by-year exports was explained primarily by a decrease in exports to United Kingdom ($-7.82M or -9.04%), Canada ($-5.07M or -2.5%), and Denmark ($-4.98M or -32.3%). In January 2024, the decrease in Wood Products's year-by-year imports was explained primarily by a decrease in imports from Canada ($-471M or -36.5%), China ($-86M or -28.8%), and Brazil ($-71.2M or -35.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-22.3M(-2.89%)

IMPORT GROWTH (January 2023 - January 2024)$-74.4M(-3.79%)

MAIN EXPORTER (January 2024)Washington$59.7M

MAIN DESTINATION (January 2024)Canada$208M

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

Trade Value

Growth

Growth (%)

Year

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).

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