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2022
Exports $1.04BWorld Rnk 2 / 177
Flag Rnk 249 / 1217
2022
Destination $16.7M Mexico
2021 - 2022
FASTEST GROWING MARKET $16.7MMexico
2022
PRODUCT COMPLEXITY IN Bandages0.96Rnk 187 / 1025
2022
Imports $1.7BWorld Rnk 1 / 221
Flag Rnk 281 / 1216
2022
Origin $63M China
2021 - 2022
FASTEST GROWING ORIGIN $63MChina
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $1.04B in Bandages, making it the 2nd largest exporter of Bandages in the world. At the same year, Bandages was the 249th most exported product in United States. The main destination of Bandages exports from United States are: Mexico ($309M), Canada ($108M), China ($71M), Germany ($67.8M), and Netherlands ($42.4M).

The fastest growing export markets for Bandages of United States between 2021 and 2022 were Mexico ($16.7M), China ($14.4M), and Australia ($13.6M).

Imports In 2022, United States imported $1.7B in Bandages, becoming the 1st largest importer of Bandages in the world. At the same year, Bandages was the 281st most imported product in United States. United States imports Bandages primarily from: China ($720M), United Kingdom ($197M), Mexico ($131M), Japan ($105M), and Germany ($82M).

The fastest growing import markets in Bandages for United States between 2021 and 2022 were China ($63M), Japan ($28.2M), and Switzerland ($14.5M).

COMPANIES In 2023, leading companies such as Panasonic (16), Baxter Healthcare (9), and Amazon (7) were at the forefront of shipping Bandages to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Bandages exports accounted up to $108M and imports accounted up to $168M, resulting in a negative trade balance of $59.1M. Between August 2023 and August 2024 the exports of United States'   Bandages have increased by $7.74M (7.69%) from $101M to $108M, while imports increased by $29.8M (21.6%) from $138M to $168M.

Destinations In August 2024, Bandages were exported mostly to Mexico ($37.1M), Canada ($13.9M), China ($8.84M), Germany ($7.38M), and Belgium ($4.27M), and were imported mostly from China ($61.1M), Mexico ($22.5M), United Kingdom ($13.4M), Japan ($8.37M), and Germany ($8.11M).

Growth In August 2024, the increase in Bandages's year-by-year exports was explained primarily by an increase in exports to Canada ($5.45M or 54.3%), Belgium ($3.02M or 375%), and Japan ($1.65M or 124%). In August 2024, the increase in Bandages's year-by-year imports was explained primarily by an increase in imports from Germany ($4.35M or 51.8%), Japan ($4.26M or 96.8%), and United Kingdom ($3.82M or 28.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$7.74M(7.69%)
IMPORT GROWTH (August 2023 - August 2024)$29.8M(21.6%)
MAIN EXPORTER (August 2024)Iowa$28.7M
MAIN DESTINATION (August 2024)Mexico$37.1M

This section shows Bandages'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 Bandages over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.04B
IMPORTS (2022)$1.7B
NET TRADE (2022)-$654M

In 2022, United States exported $1.04B in Bandages. The main destinations of United States exports on Bandages were Mexico ($309M), Canada ($108M), China ($71M), Germany ($67.8M), and Netherlands ($42.4M).

In 2022, United States imported $1.7B in Bandages, mainly from China ($720M), United Kingdom ($197M), Mexico ($131M), Japan ($105M), and Germany ($82M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Bandages EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$16.7M (5.71%)
China$14.4M (25.5%)
Australia$13.6M (61.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bandages BY United States WERE (2021 - 2022):
Spain-$4.23M (-39.8%)
Hong Kong-$2.73M (-63.4%)
Singapore-$2.41M (-11.9%)
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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 Bandages were:
China $2.84B
Germany $861M
In 2022, United States's main importing competitors in Bandages were:
Germany $940M
Netherlands $592M

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Trade Value of Bandages by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $18.4M
TOP IMPORT POTENTIALMexico+ $31.1M

Bandages’s highest export potential is Canada. With an export gap of $18.4M.   Bandages’s highest import potential is Mexico with an import gap of $31.1M.

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