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2023
Exports $76.6MWorld Rnk 6 / 99
Flag Rnk 754 / 1217
2023
Destination $1.75M Canada
2022 - 2023
FASTEST GROWING MARKET $1.75MSaudi Arabia
2023
PRODUCT COMPLEXITY IN Carbides-0.0074Rnk 560 / 1025
2023
Imports $371MWorld Rnk 1 / 179
Flag Rnk 599 / 1215
2023
Origin $4.6M China
2022 - 2023
FASTEST GROWING ORIGIN $4.6MChinese Taipei
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $76.6M in Carbides, making it the 6th largest exporter of Carbides in the world. At the same year, Carbides was the 754th most exported product in United States. The main destination of Carbides exports from United States are: Canada ($27.2M), Norway ($18.2M), Japan ($4.48M), India ($2.99M), and Mexico ($2.46M).

The fastest growing export markets for Carbides of United States between 2022 and 2023 were Saudi Arabia ($1.75M), Norway ($1.57M), and Japan ($1.37M).

Imports In 2023, United States imported $371M in Carbides, becoming the 1st largest importer of Carbides in the world. At the same year, Carbides was the 599th most imported product in United States. United States imports Carbides primarily from: China ($158M), Norway ($68.4M), South Africa ($53.8M), Austria ($18.4M), and Canada ($18.3M).

The fastest growing import markets in Carbides for United States between 2022 and 2023 were Chinese Taipei ($4.6M), Norway ($4.13M), and Germany ($1.77M).

Latest Trends

November 2024

About

Overview In November 2024 United States' Carbides exports accounted up to $5.16M and imports accounted up to $22M, resulting in a negative trade balance of $16.8M. Between November 2023 and November 2024 the exports of United States'   Carbides have increased by $255k (5.2%) from $4.9M to $5.16M, while imports decreased by $-4.31M (-16.4%) from $26.3M to $22M.

Destinations In November 2024, Carbides were exported mostly to Canada ($1.7M), China ($738k), Japan ($666k), Singapore ($309k), and Norway ($255k), and were imported mostly from China ($6.71M), South Africa ($5.33M), Norway ($4.39M), Germany ($1.65M), and Brazil ($1.25M).

Growth In November 2024, the increase in Carbides's year-by-year exports was explained primarily by an increase in exports to Canada ($976k or 58.3%), Czechia ($439k or 634%), and Japan ($409k or 52.8%). In November 2024, the decrease in Carbides's year-by-year imports was explained primarily by a decrease in imports from South Africa ($-3.62M or -48.8%), China ($-2.07M or -12.1%), and Brazil ($-930k or -80.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$255k(5.2%)
IMPORT GROWTH (November 2023 - November 2024)$-4.31M(-16.4%)
MAIN EXPORTER (November 2024)New York$2.54M
MAIN DESTINATION (November 2024)Canada$1.7M

This section shows Carbides'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 Carbides over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$76.6M
IMPORTS (2023)$371M
NET TRADE (2023)-$295M

In 2023, United States exported $76.6M in Carbides. The main destinations of United States exports on Carbides were Canada ($27.2M), Norway ($18.2M), Japan ($4.48M), India ($2.99M), and Mexico ($2.46M).

In 2023, United States imported $371M in Carbides, mainly from China ($158M), Norway ($68.4M), South Africa ($53.8M), Austria ($18.4M), and Canada ($18.3M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Carbides EXPORT MARKETS FOR United States WERE (2022 - 2023):
Saudi Arabia$1.75M (332%)
Norway$1.57M (9.46%)
Japan$1.37M (43.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Carbides BY United States WERE (2022 - 2023):
Austria-$2.08M (-53.8%)
Canada-$1.85M (-6.36%)
Germany-$1.08M (-33.5%)
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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 Carbides were:
China $859M
Austria $250M
Germany $154M
In 2023, United States's main importing competitors in Carbides were:
Germany $285M
Japan $276M

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Trade Value of Carbides by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $2.19M
TOP IMPORT POTENTIALCanada+ $10.3M

Carbides’s highest export potential is Germany. With an export gap of $2.19M.   Carbides’s highest import potential is Canada with an import gap of $10.3M.

See methodology.

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