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2022
Exports $12.4MWorld Rnk 14 / 122
Flag Rnk 1047 / 1217
2022
Destination $2.63M Mexico
2021 - 2022
FASTEST GROWING MARKET $2.63MMexico
2022
Imports $51MWorld Rnk 2 / 191
Flag Rnk 967 / 1216
2022
Origin $11.4M Malaysia
2021 - 2022
FASTEST GROWING ORIGIN $11.4MMalaysia
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $12.4M in Densified Wood, making it the 14th largest exporter of Densified Wood in the world. At the same year, Densified Wood was the 1047th most exported product in United States. The main destination of Densified Wood exports from United States are: Mexico ($6.34M), Japan ($1.74M), Canada ($1.53M), Aruba ($601k), and Brazil ($562k).

The fastest growing export markets for Densified Wood of United States between 2021 and 2022 were Mexico ($2.63M), Brazil ($286k), and Japan ($242k).

Imports In 2022, United States imported $51M in Densified Wood, becoming the 2nd largest importer of Densified Wood in the world. At the same year, Densified Wood was the 967th most imported product in United States. United States imports Densified Wood primarily from: Malaysia ($21M), Vietnam ($13.6M), Germany ($3.83M), Mexico ($3.8M), and Finland ($2.03M).

The fastest growing import markets in Densified Wood for United States between 2021 and 2022 were Malaysia ($11.4M), Vietnam ($5.36M), and Mexico ($3.01M).

COMPANIES In 2023, leading companies such as MerchSource (3), Lovesac (2), and Ashley Furniture (2) were at the forefront of shipping Densified Wood to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Densified Wood exports accounted up to $1.59M and imports accounted up to $2.14M, resulting in a negative trade balance of $547k. Between June 2023 and June 2024 the exports of United States'   Densified Wood have increased by $785k (97.1%) from $808k to $1.59M, while imports decreased by $-947k (-30.7%) from $3.09M to $2.14M.

Destinations In June 2024, Densified Wood were exported mostly to Japan ($612k), Mexico ($526k), Canada ($384k), Chinese Taipei ($57.8k), and Czechia ($6.14k), and were imported mostly from Vietnam ($1.02M), Germany ($356k), Mexico ($331k), Italy ($185k), and Canada ($98.3k).

Growth In June 2024, the increase in Densified Wood's year-by-year exports was explained primarily by an increase in exports to Mexico ($503k or 152%), Czechia ($100k or 1.26k%), and Canada ($47.3k or 46.4%). In June 2024, the decrease in Densified Wood's year-by-year imports was explained primarily by a decrease in imports from Vietnam ($-1.25M or -85.6%) and China ($-89k or -77%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$785k(97.1%)
IMPORT GROWTH (June 2023 - June 2024)$-947k(-30.7%)
MAIN EXPORTER (June 2024)California$615k
MAIN DESTINATION (June 2024)Japan$612k

This section shows Densified Wood'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 Densified Wood over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$12.4M
IMPORTS (2022)$51M
NET TRADE (2022)-$38.6M

In 2022, United States exported $12.4M in Densified Wood. The main destinations of United States exports on Densified Wood were Mexico ($6.34M), Japan ($1.74M), Canada ($1.53M), Aruba ($601k), and Brazil ($562k).

In 2022, United States imported $51M in Densified Wood, mainly from Malaysia ($21M), Vietnam ($13.6M), Germany ($3.83M), Mexico ($3.8M), and Finland ($2.03M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Densified Wood EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$2.63M (71%)
Brazil$286k (103%)
Japan$242k (16.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Densified Wood BY United States WERE (2021 - 2022):
Saudi Arabia-$433k (-98.9%)
Italy-$399k (-47.9%)
Chinese Taipei-$92.2k (-32.3%)
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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 Densified Wood were:
Germany $50.1M
Angola $49.6M
Netherlands $38.5M
In 2022, United States's main importing competitors in Densified Wood were:
Germany $77.1M
France $40.3M

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Trade Value of Densified Wood by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $228k
TOP IMPORT POTENTIALChina+ $1.08M

Densified Wood’s highest export potential is Canada. With an export gap of $228k.   Densified Wood’s highest import potential is China with an import gap of $1.08M.

See methodology.

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