2022
Exports
$403MWorld Rnk 2 / 96
Flag Rnk 441 / 1217
2022
PRODUCT COMPLEXITY IN Borates
-0.2Rnk 618 / 1025
2022
Imports
$110MWorld Rnk 2 / 184
Flag Rnk 862 / 1216
2022
ECONOMIC COMPLEXITY of United States
1.47Rnk 10 / 133

About

Exports In 2022, United States exported $403M in Borates, making it the 2nd largest exporter of Borates in the world. At the same year, Borates was the 441st most exported product in United States. The main destination of Borates exports from United States are: China ($198M), Indonesia ($33.4M), Canada ($30.8M), India ($22.5M), and Mexico ($21.4M).

The fastest growing export markets for Borates of United States between 2021 and 2022 were China ($61.5M), Indonesia ($15M), and Netherlands ($6.91M).

Imports In 2022, United States imported $110M in Borates, becoming the 2nd largest importer of Borates in the world. At the same year, Borates was the 862nd most imported product in United States. United States imports Borates primarily from: Turkey ($79.5M), India ($7.23M), Italy ($6.18M), Slovenia ($4.89M), and China ($4.31M).

The fastest growing import markets in Borates for United States between 2021 and 2022 were Italy ($2.94M), Slovenia ($2.55M), and China ($2.51M).

Latest Trends

September 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-4.79M(-10.6%)
IMPORT GROWTH (September 2023 - September 2024)$-13M(-81.7%)
MAIN EXPORTER (September 2024)California$47.6M
MAIN DESTINATION (September 2024)China$13M

This section shows Borates'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 Borates over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$403M
IMPORTS (2022)$110M
NET TRADE (2022)$292M

In 2022, United States exported $403M in Borates. The main destinations of United States exports on Borates were China ($198M), Indonesia ($33.4M), Canada ($30.8M), India ($22.5M), and Mexico ($21.4M).

In 2022, United States imported $110M in Borates, mainly from Turkey ($79.5M), India ($7.23M), Italy ($6.18M), Slovenia ($4.89M), and China ($4.31M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Borates EXPORT MARKETS FOR United States WERE (2021 - 2022):
China$61.5M (44.9%)
Indonesia$15M (81.9%)
Netherlands$6.91M (132%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Borates BY United States WERE (2021 - 2022):
India-$6.09M (-21.3%)
Brazil-$3.9M (-42.7%)
Australia-$1.75M (-35.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Borates were:
China $40.4M
In 2022, United States's main importing competitors in Borates were:

Explore Visualizations

Trade Value of Borates by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $1.85M
TOP IMPORT POTENTIALChina+ $1.52M

Borates’s highest export potential is Canada. With an export gap of $1.85M.   Borates’s highest import potential is China with an import gap of $1.52M.

See methodology.

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