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Pricing

2022
Exports $17.7MWorld Rnk 5 / 80
Flag Rnk 1007 / 1217
2022
Destination $1.84M Canada
2021 - 2022
FASTEST GROWING MARKET $1.84MNew Zealand
2022
Imports $37MWorld Rnk 1 / 154
Flag Rnk 1016 / 1216
2022
Origin $1.86M New Zealand
2021 - 2022
FASTEST GROWING ORIGIN $1.86MHong Kong
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $17.7M in Animal Extracts, making it the 5th largest exporter of Animal Extracts in the world. At the same year, Animal Extracts was the 1007th most exported product in United States. The main destination of Animal Extracts exports from United States are: Canada ($8.85M), New Zealand ($2.5M), South Korea ($2.19M), Japan ($1.06M), and Mexico ($648k).

The fastest growing export markets for Animal Extracts of United States between 2021 and 2022 were New Zealand ($1.84M), Japan ($654k), and Costa Rica ($283k).

Imports In 2022, United States imported $37M in Animal Extracts, becoming the 1st largest importer of Animal Extracts in the world. At the same year, Animal Extracts was the 1016th most imported product in United States. United States imports Animal Extracts primarily from: New Zealand ($14M), Canada ($7.4M), Hong Kong ($6.36M), Spain ($2.55M), and Brazil ($1.15M).

The fastest growing import markets in Animal Extracts for United States between 2021 and 2022 were Hong Kong ($1.86M), Chinese Taipei ($734k), and Australia ($357k).

Latest Trends

August 2024

About

Overview In August 2024 United States' Animal Extracts exports accounted up to $195k and imports accounted up to $2.3M, resulting in a negative trade balance of $2.1M. Between August 2023 and August 2024 the exports of United States'   Animal Extracts have decreased by $-195k (-49.9%) from $390k to $195k, while imports increased by $1.39M (153%) from $908k to $2.3M.

Destinations In August 2024, Animal Extracts were exported mostly to Japan ($63.1k), Australia ($50.2k), Canada ($29.7k), Mexico ($13.9k), and Hong Kong ($11.5k), and were imported mostly from New Zealand ($1.08M), Brazil ($588k), Australia ($241k), Hong Kong ($189k), and Vietnam ($56k).

Growth In August 2024, the decrease in Animal Extracts's year-by-year exports was explained primarily by a decrease in exports to Canada ($-769k or -77.6%) and Brazil ($-34k or -33.1%). In August 2024, the increase in Animal Extracts's year-by-year imports was explained primarily by an increase in imports from South Korea ($48.5k or 456%), Japan ($30.6k or 180%), and Spain ($16.1k or 674%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-195k(-49.9%)
IMPORT GROWTH (August 2023 - August 2024)$1.39M(153%)
MAIN EXPORTER (August 2024)Missouri$407k
MAIN DESTINATION (August 2024)Japan$63.1k

This section shows Animal Extracts'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 Animal Extracts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$17.7M
IMPORTS (2022)$37M
NET TRADE (2022)-$19.4M

In 2022, United States exported $17.7M in Animal Extracts. The main destinations of United States exports on Animal Extracts were Canada ($8.85M), New Zealand ($2.5M), South Korea ($2.19M), Japan ($1.06M), and Mexico ($648k).

In 2022, United States imported $37M in Animal Extracts, mainly from New Zealand ($14M), Canada ($7.4M), Hong Kong ($6.36M), Spain ($2.55M), and Brazil ($1.15M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Animal Extracts EXPORT MARKETS FOR United States WERE (2021 - 2022):
New Zealand$1.84M (278%)
Japan$654k (160%)
Costa Rica$283k (1.49k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal Extracts BY United States WERE (2021 - 2022):
Canada-$1.28M (-12.6%)
Spain-$217k (-100%)
Mexico-$159k (-19.7%)
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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 Animal Extracts were:
New Zealand $32M
Italy $28.2M
China $25.8M
In 2022, United States's main importing competitors in Animal Extracts were:
Japan $35.9M
Germany $26.5M

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Trade Value of Animal Extracts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $272k
TOP IMPORT POTENTIALChina+ $703k

Animal Extracts’s highest export potential is Japan. With an export gap of $272k.   Animal Extracts’s highest import potential is China with an import gap of $703k.

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