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2022
Exports $6.02BWorld Rnk 3 / 216
Flag Rnk 53 / 1217
2022
Destination $141M Canada
2021 - 2022
FASTEST GROWING MARKET $141MCanada
2022
PRODUCT COMPLEXITY IN Beauty Products0.42Rnk 400 / 1025
2022
Imports $5.77BWorld Rnk 2 / 223
Flag Rnk 107 / 1216
2022
Origin $145M France
2021 - 2022
FASTEST GROWING ORIGIN $145MFrance
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

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 L'Oreal (308), CrimsonLogic (186), and Walgreens (109) were at the forefront of shipping Beauty Products to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Beauty Products exports accounted up to $601M and imports accounted up to $656M, resulting in a negative trade balance of $54.4M. Between August 2023 and August 2024 the exports of United States'   Beauty Products have increased by $7.31M (1.23%) from $594M to $601M, while imports increased by $42.9M (7.01%) from $613M to $656M.

Destinations In August 2024, Beauty Products were exported mostly to Canada ($142M), China ($81.4M), United Kingdom ($47.9M), France ($37.7M), and Australia ($34.4M), and were imported mostly from South Korea ($139M), France ($104M), Italy ($81.4M), Canada ($80.9M), and China ($63M).

Growth In August 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 August 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
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$7.31M(1.23%)
IMPORT GROWTH (August 2023 - August 2024)$42.9M(7.01%)
MAIN EXPORTER (August 2024)New Jersey$157M
MAIN DESTINATION (August 2024)Canada$142M

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
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).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Beauty Products EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$141M (13.5%)
Australia$67.6M (23.3%)
United Kingdom$46M (11.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Beauty Products BY United States WERE (2021 - 2022):
Hong Kong-$88.7M (-29.9%)
Russia-$44.6M (-86.9%)
South Korea-$24.2M (-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 Beauty Products were:
France $10.8B
South Korea $7.09B
In 2022, United States's main importing competitors in Beauty Products were:
China $11.1B
Hong Kong $3.78B

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Trade Value of Beauty Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $207M
TOP IMPORT POTENTIALCanada+ $240M

Beauty Products’s highest export potential is China. With an export gap of $207M.   Beauty Products’s highest import potential is Canada with an import gap of $240M.

See methodology.

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