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2022
Exports $443MWorld Rnk 6 / 145
Flag Rnk 418 / 1217
2022
Destination $10.3M Canada
2021 - 2022
FASTEST GROWING MARKET $10.3MMexico
2022
PRODUCT COMPLEXITY IN Carboxylic Acids0.82Rnk 239 / 1025
2022
Imports $1.67BWorld Rnk 1 / 203
Flag Rnk 286 / 1216
2022
Origin $135M China
2021 - 2022
FASTEST GROWING ORIGIN $135MChina
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $443M in Carboxylic Acids, making it the 6th largest exporter of Carboxylic Acids in the world. At the same year, Carboxylic Acids was the 418th most exported product in United States. The main destination of Carboxylic Acids exports from United States are: Canada ($78.9M), Mexico ($44.3M), Italy ($30M), France ($25.1M), and Japan ($24.8M).

The fastest growing export markets for Carboxylic Acids of United States between 2021 and 2022 were Mexico ($10.3M), India ($7.64M), and Italy ($6.94M).

Imports In 2022, United States imported $1.67B in Carboxylic Acids, becoming the 1st largest importer of Carboxylic Acids in the world. At the same year, Carboxylic Acids was the 286th most imported product in United States. United States imports Carboxylic Acids primarily from: China ($529M), Thailand ($177M), Canada ($158M), India ($156M), and Israel ($125M).

The fastest growing import markets in Carboxylic Acids for United States between 2021 and 2022 were China ($135M), Israel ($46M), and Canada ($18.2M).

COMPANIES In 2023, leading companies such as IKEA Group (158), Walmart (154), and Teknor Apex (73) were at the forefront of shipping Carboxylic Acids to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Carboxylic Acids exports accounted up to $35.4M and imports accounted up to $126M, resulting in a negative trade balance of $90.3M. Between June 2023 and June 2024 the exports of United States'   Carboxylic Acids have increased by $933k (2.7%) from $34.5M to $35.4M, while imports increased by $2.43M (1.97%) from $123M to $126M.

Destinations In June 2024, Carboxylic Acids were exported mostly to Canada ($6.32M), Mexico ($4.25M), Brazil ($2.1M), Italy ($2.06M), and Belgium ($1.91M), and were imported mostly from China ($27.1M), Canada ($23M), India ($20.5M), Thailand ($12.1M), and Israel ($4.81M).

Growth In June 2024, the increase in Carboxylic Acids's year-by-year exports was explained primarily by an increase in exports to Canada ($2.01M or 29.9%), Mexico ($1.94M or 56.7%), and Colombia ($1.04M or 737%). In June 2024, the increase in Carboxylic Acids's year-by-year imports was explained primarily by an increase in imports from India ($7.79M or 32.5%), Colombia ($1.78M or 237%), and Israel ($1.62M or 28.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$933k(2.7%)
IMPORT GROWTH (June 2023 - June 2024)$2.43M(1.97%)
MAIN EXPORTER (June 2024)New Jersey$6.95M
MAIN DESTINATION (June 2024)Canada$6.32M

This section shows Carboxylic Acids'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 Carboxylic Acids over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$443M
IMPORTS (2022)$1.67B
NET TRADE (2022)-$1.23B

In 2022, United States exported $443M in Carboxylic Acids. The main destinations of United States exports on Carboxylic Acids were Canada ($78.9M), Mexico ($44.3M), Italy ($30M), France ($25.1M), and Japan ($24.8M).

In 2022, United States imported $1.67B in Carboxylic Acids, mainly from China ($529M), Thailand ($177M), Canada ($158M), India ($156M), and Israel ($125M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Carboxylic Acids EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$10.3M (30.3%)
India$7.64M (66.6%)
Italy$6.94M (30.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Carboxylic Acids BY United States WERE (2021 - 2022):
Singapore-$6.26M (-62%)
United Kingdom-$5.29M (-35%)
Brazil-$3.38M (-12.6%)
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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 Carboxylic Acids were:
China $5.45B
India $776M
Germany $731M
In 2022, United States's main importing competitors in Carboxylic Acids were:
Germany $898M
India $642M

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Trade Value of Carboxylic Acids by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $11.3M
TOP IMPORT POTENTIALChina+ $75.5M

Carboxylic Acids’s highest export potential is India. With an export gap of $11.3M.   Carboxylic Acids’s highest import potential is China with an import gap of $75.5M.

See methodology.

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