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2023
Exports $6.05MWorld Rnk 3 / 55
Flag Rnk 1097 / 1217
2023
Destination $548k Canada
2022 - 2023
FASTEST GROWING MARKET $548kCanada
2023
Imports $19MWorld Rnk 1 / 105
Flag Rnk 1071 / 1215
2023
Origin $1.63M China
2022 - 2023
FASTEST GROWING ORIGIN $1.63MPeru
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $6.05M in Bismuth, making it the 3rd largest exporter of Bismuth in the world. At the same year, Bismuth was the 1097th most exported product in United States. The main destination of Bismuth exports from United States are: Canada ($2.22M), Mexico ($1.32M), China ($453k), Germany ($343k), and India ($331k).

The fastest growing export markets for Bismuth of United States between 2022 and 2023 were Canada ($548k), China ($196k), and United Kingdom ($166k).

Imports In 2023, United States imported $19M in Bismuth, becoming the 1st largest importer of Bismuth in the world. At the same year, Bismuth was the 1071st most imported product in United States. United States imports Bismuth primarily from: China ($7.81M), South Korea ($5.65M), Peru ($1.63M), Mexico ($1.49M), and Japan ($949k).

The fastest growing import markets in Bismuth for United States between 2022 and 2023 were Peru ($1.63M), South Korea ($1.31M), and Mexico ($549k).

Latest Trends

November 2024

About

Overview In November 2024 United States' Bismuth exports accounted up to $890k and imports accounted up to $1.7M, resulting in a negative trade balance of $805k. Between November 2023 and November 2024 the exports of United States'   Bismuth have increased by $181k (25.4%) from $710k to $890k, while imports increased by $355k (26.5%) from $1.34M to $1.7M.

Destinations In November 2024, Bismuth were exported mostly to Germany ($277k), Mexico ($226k), Brazil ($112k), United Kingdom ($108k), and Canada ($96.4k), and were imported mostly from China ($942k), South Korea ($319k), Germany ($256k), Mexico ($158k), and Chinese Taipei ($8.57k).

Growth In November 2024, the increase in Bismuth's year-by-year exports was explained primarily by an increase in exports to Canada ($59.5k or 120%), China ($53.2k or 100%), and Thailand ($12.6k or 135%). In November 2024, the increase in Bismuth's year-by-year imports was explained primarily by an increase in imports from Mexico ($51.6k or 189%) and United Kingdom ($780 or 33.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$181k(25.4%)
IMPORT GROWTH (November 2023 - November 2024)$355k(26.5%)
MAIN EXPORTER (November 2024)Connecticut$6.25M
MAIN DESTINATION (November 2024)Germany$277k

This section shows Bismuth'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 Bismuth over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$6.05M
IMPORTS (2023)$19M
NET TRADE (2023)-$12.9M

In 2023, United States exported $6.05M in Bismuth. The main destinations of United States exports on Bismuth were Canada ($2.22M), Mexico ($1.32M), China ($453k), Germany ($343k), and India ($331k).

In 2023, United States imported $19M in Bismuth, mainly from China ($7.81M), South Korea ($5.65M), Peru ($1.63M), Mexico ($1.49M), and Japan ($949k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Bismuth EXPORT MARKETS FOR United States WERE (2022 - 2023):
Canada$548k (32.8%)
China$196k (76.5%)
United Kingdom$166k (205%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bismuth BY United States WERE (2022 - 2023):
Vietnam-$12.5M (-99.7%)
Hungary-$441k (-88%)
Germany-$413k (-54.6%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Bismuth were:
China $32.2M
South Korea $7.16M
In 2023, United States's main importing competitors in Bismuth were:
Germany $9.78M
China $6.67M

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Trade Value of Bismuth by Exporters

Potential Exports

Potential Exports

Flow
View
N/A
N/AN/A
N/AN/A

Bismuth’s highest export potential is N/A. With an export gap of N/A.   Bismuth’s highest import potential is N/A with an import gap of N/A.

See methodology.

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