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2022
Exports $30.3BWorld Rnk 2 / 222
Flag Rnk 13 / 96
2022
Destination $252M Canada
2021 - 2022
FASTEST GROWING MARKET $252MCanada
2022
PRODUCT COMPLEXITY IN Chemical products n.e.s.1.97Rnk 6 / 1025
2022
Imports $17.8BWorld Rnk 1 / 226
Flag Rnk 28 / 96
2022
Origin $479M Canada
2021 - 2022
FASTEST GROWING ORIGIN $479MIndia
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $30.3B in Chemical products n.e.s., making it the 2nd largest exporter of Chemical products n.e.s. in the world. At the same year, Chemical products n.e.s. was the 13th most exported product in United States. The main destination of Chemical products n.e.s. exports from United States are: Canada ($5.6B), Mexico ($5.25B), China ($2.37B), Brazil ($1.77B), and South Korea ($1.35B).

The fastest growing export markets for Chemical products n.e.s. of United States between 2021 and 2022 were Canada ($252M), Chinese Taipei ($148M), and Mexico ($143M).

Imports In 2022, United States imported $17.8B in Chemical products n.e.s., becoming the 1st largest importer of Chemical products n.e.s. in the world. At the same year, Chemical products n.e.s. was the 28th most imported product in United States. United States imports Chemical products n.e.s. primarily from: Canada ($3.05B), Japan ($2.26B), Germany ($2.13B), China ($2.07B), and India ($1.35B).

The fastest growing import markets in Chemical products n.e.s. for United States between 2021 and 2022 were India ($479M), South Korea ($269M), and Japan ($200M).

COMPANIES In 2023, leading companies such as RHI Magnesita (552), CMPC (473), and Wistron (445) were at the forefront of shipping Chemical products n.e.s. to the United States.

Latest Trends

July 2024

About

Overview In July 2024 United States' Chemical products n.e.s. exports accounted up to $3.06B and imports accounted up to $2.03B, resulting in a positive trade balance of $1.04B. Between July 2023 and July 2024 the exports of United States'   Chemical products n.e.s. have decreased by $-107M (-3.37%) from $3.17B to $3.06B, while imports increased by $38.6M (1.94%) from $1.99B to $2.03B.

Destinations In July 2024, Chemical products n.e.s. were exported mostly to Canada ($472M), Mexico ($378M), China ($275M), Germany ($176M), and Belgium ($167M), and were imported mostly from Japan ($252M), Canada ($246M), Germany ($228M), South Korea ($219M), and China ($147M).

Growth In July 2024, the decrease in Chemical products n.e.s.'s year-by-year exports was explained primarily by a decrease in exports to Singapore ($-41M or -33.7%), Netherlands ($-40.3M or -24.2%), and China ($-39.3M or -14.6%). In July 2024, the increase in Chemical products n.e.s.'s year-by-year imports was explained primarily by an increase in imports from South Korea ($146M or 98.4%), Germany ($137M or 61.2%), and Canada ($75.5M or 31%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-107M(-3.37%)
IMPORT GROWTH (July 2023 - July 2024)$38.6M(1.94%)
MAIN EXPORTER (July 2024)Texas$485M
MAIN DESTINATION (July 2024)Canada$472M

This section shows Chemical products n.e.s.'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 Chemical products n.e.s. over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$30.3B
IMPORTS (2022)$17.8B
NET TRADE (2022)$12.6B

In 2022, United States exported $30.3B in Chemical products n.e.s.. The main destinations of United States exports on Chemical products n.e.s. were Canada ($5.6B), Mexico ($5.25B), China ($2.37B), Brazil ($1.77B), and South Korea ($1.35B).

In 2022, United States imported $17.8B in Chemical products n.e.s., mainly from Canada ($3.05B), Japan ($2.26B), Germany ($2.13B), China ($2.07B), and India ($1.35B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Chemical products n.e.s. EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$252M (4.72%)
Chinese Taipei$148M (20%)
Mexico$143M (2.79%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chemical products n.e.s. BY United States WERE (2021 - 2022):
Germany-$1.56B (-64.5%)
China-$1.12B (-32.2%)
Netherlands-$952M (-59.4%)
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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 Chemical products n.e.s. were:
China $42.1B
Germany $26.5B
In 2022, United States's main importing competitors in Chemical products n.e.s. were:
Germany $17.8B
Netherlands $16.9B

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Trade Value of Chemical products n.e.s. by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $337M
TOP IMPORT POTENTIALChina+ $628M

Chemical products n.e.s.’s highest export potential is India. With an export gap of $337M.   Chemical products n.e.s.’s highest import potential is China with an import gap of $628M.

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