Beauty Products in United States | The Observatory of Economic Complexity

About

Exports In 2022, United States exported $6.02B in Beauty Products, making it the 3rd largest exporter of Beauty Products in the world. At the same year, Beauty Products was the 53rd most exported product in United States. The main destination of Beauty Products exports from United States are: Canada ($1.19B), China ($751M), United Kingdom ($437M), Australia ($358M), and France ($270M).

The fastest growing export markets for Beauty Products of United States between 2021 and 2022 were Canada ($141M), Australia ($67.6M), and United Kingdom ($46M).

Imports In 2022, United States imported $5.77B in Beauty Products, becoming the 2nd largest importer of Beauty Products in the world. At the same year, Beauty Products was the 107th most imported product in United States. United States imports Beauty Products primarily from: France ($1.08B), Canada ($1.05B), South Korea ($747M), China ($701M), and Italy ($392M).

The fastest growing import markets in Beauty Products for United States between 2021 and 2022 were France ($145M), Canada ($135M), and Italy ($82.5M).

COMPANIES In 2023, leading companies such as H&M HENNES & MAURITZ L.P (1.18k), AMAZON SERVICES LLC (1.16k), and WALGREEN CO. (872) were at the forefront of shipping Beauty Products to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United States' Beauty Products exports accounted up to $471M and imports accounted up to $561M, resulting in a negative trade balance of $89.9M. Between January 2023 and January 2024 the exports of United States' Beauty Products have increased by $4.02M (0.86%) from $467M to $471M, while imports increased by $61.6M (12.3%) from $499M to $561M.

Destinations In January 2024, Beauty Products were exported mostly to Canada ($132M), China ($44.3M), United Kingdom ($35.8M), Australia ($35.3M), and Mexico ($25.7M), and were imported mostly from South Korea ($117M), France ($103M), Canada ($74.1M), Italy ($64.6M), and China ($51.9M).

Growth In January 2024, the increase in Beauty Products's year-by-year exports was explained primarily by an increase in exports to Singapore ($35.5M or 342%), Canada ($31M or 35.7%), and Australia ($9.62M or 43.1%). In January 2024, the increase in Beauty Products's year-by-year imports was explained primarily by an increase in imports from France ($45.9M or 89.2%), Italy ($17.5M or 36.5%), and South Korea ($13M or 22.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$4.02M(0.86%)

IMPORT GROWTH (January 2023 - January 2024)$61.6M(12.3%)

MAIN EXPORTER (January 2024)New Jersey$100M

MAIN DESTINATION (January 2024)Canada$132M

This section shows Beauty 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 Beauty Products over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$6.02B

IMPORTS (2022)$5.77B

NET TRADE (2022)$249M

In 2022, United States exported $6.02B in Beauty Products. The main destinations of United States exports on Beauty Products were Canada ($1.19B), China ($751M), United Kingdom ($437M), Australia ($358M), and France ($270M).

In 2022, United States imported $5.77B in Beauty Products, mainly from France ($1.08B), Canada ($1.05B), South Korea ($747M), China ($701M), and Italy ($392M).

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