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2022
Exports $693MWorld Rnk 2 / 196
Flag Rnk 321 / 1217
2022
Destination $5.23M China
2021 - 2022
FASTEST GROWING MARKET $5.23MSwitzerland
2022
PRODUCT COMPLEXITY IN Essential Oils-1.09Rnk 855 / 1025
2022
Imports $1.25BWorld Rnk 1 / 214
Flag Rnk 350 / 1216
2022
Origin $64.6M India
2021 - 2022
FASTEST GROWING ORIGIN $64.6MBrazil
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $693M in Essential Oils, making it the 2nd largest exporter of Essential Oils in the world. At the same year, Essential Oils was the 321st most exported product in United States. The main destination of Essential Oils exports from United States are: China ($90.5M), Japan ($55.6M), Canada ($49.4M), Mexico ($48.5M), and Netherlands ($47.5M).

The fastest growing export markets for Essential Oils of United States between 2021 and 2022 were Switzerland ($5.23M), Japan ($5.01M), and India ($4.63M).

Imports In 2022, United States imported $1.25B in Essential Oils, becoming the 1st largest importer of Essential Oils in the world. At the same year, Essential Oils was the 350th most imported product in United States. United States imports Essential Oils primarily from: India ($268M), Brazil ($149M), Mexico ($127M), China ($82.8M), and France ($76.8M).

The fastest growing import markets in Essential Oils for United States between 2021 and 2022 were Brazil ($64.6M), Mexico ($54.6M), and India ($44.4M).

COMPANIES In 2023, leading companies such as Lollicup (431), Givaudan Fragrances (129), and EDT (Export, Development & Trade) (111) were at the forefront of shipping Essential Oils to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Essential Oils exports accounted up to $65.8M and imports accounted up to $109M, resulting in a negative trade balance of $43.4M. Between June 2023 and June 2024 the exports of United States'   Essential Oils have increased by $6.5M (11%) from $59.2M to $65.8M, while imports increased by $16M (17.1%) from $93.2M to $109M.

Destinations In June 2024, Essential Oils were exported mostly to China ($5.5M), Netherlands ($5.32M), Ireland ($5.3M), India ($5.27M), and Mexico ($4.65M), and were imported mostly from India ($19.4M), Mexico ($17.9M), Brazil ($11.9M), China ($6.39M), and France ($6.02M).

Growth In June 2024, the increase in Essential Oils's year-by-year exports was explained primarily by an increase in exports to Ireland ($3.28M or 203%), United Arab Emirates ($1.68M or 11.8k%), and South Korea ($1.48M or 131%). In June 2024, the increase in Essential Oils's year-by-year imports was explained primarily by an increase in imports from Brazil ($6.29M or 60.3%), Mexico ($3.8M or 54.9%), and India ($2.86M or 19.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$6.5M(11%)
IMPORT GROWTH (June 2023 - June 2024)$16M(17.1%)
MAIN EXPORTER (June 2024)Florida$24M
MAIN DESTINATION (June 2024)China$5.5M

This section shows Essential Oils'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 Essential Oils over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$693M
IMPORTS (2022)$1.25B
NET TRADE (2022)-$554M

In 2022, United States exported $693M in Essential Oils. The main destinations of United States exports on Essential Oils were China ($90.5M), Japan ($55.6M), Canada ($49.4M), Mexico ($48.5M), and Netherlands ($47.5M).

In 2022, United States imported $1.25B in Essential Oils, mainly from India ($268M), Brazil ($149M), Mexico ($127M), China ($82.8M), and France ($76.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Essential Oils EXPORT MARKETS FOR United States WERE (2021 - 2022):
Switzerland$5.23M (24.8%)
Japan$5.01M (9.91%)
India$4.63M (29.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Essential Oils BY United States WERE (2021 - 2022):
China-$34.8M (-27.8%)
Netherlands-$29M (-37.9%)
Malaysia-$22.1M (-56.9%)
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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 Essential Oils were:
India $879M
Brazil $425M
In 2022, United States's main importing competitors in Essential Oils were:
France $440M
Germany $357M

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Trade Value of Essential Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $8.42M
TOP IMPORT POTENTIALCanada+ $20.5M

Essential Oils’s highest export potential is Canada. With an export gap of $8.42M.   Essential Oils’s highest import potential is Canada with an import gap of $20.5M.

See methodology.

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