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2018
Exports $6.69MWorld Rnk 12 / 95
Flag Rnk 1098 / 1217
2018
Destination $1.88M Japan
2021 - 2022
FASTEST GROWING MARKET $1.88MJapan
2018
Imports $4.05MWorld Rnk 13 / 112
Flag Rnk 1167 / 1216
2018
Origin $766k Indonesia
2021 - 2022
FASTEST GROWING ORIGIN $766kIndonesia
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2018, United States exported $6.69M in Fat and Oil Residues, making it the 12th largest exporter of Fat and Oil Residues in the world. At the same year, Fat and Oil Residues was the 1098th most exported product in United States. The main destination of Fat and Oil Residues exports from United States are: Japan ($6.14M), Canada ($178k), South Korea ($133k), United Kingdom ($116k), and Peru ($48.5k).

The fastest growing export markets for Fat and Oil Residues of United States between 2021 and 2022 were Japan ($1.88M), South Korea ($133k), and Peru ($48.5k).

Imports In 2022, United States imported $4.05M in Fat and Oil Residues, becoming the 13th largest importer of Fat and Oil Residues in the world. At the same year, Fat and Oil Residues was the 1167th most imported product in United States. United States imports Fat and Oil Residues primarily from: Indonesia ($2.83M), Mexico ($810k), Canada ($299k), Colombia ($39k), and Hong Kong ($35.8k).

The fastest growing import markets in Fat and Oil Residues for United States between 2021 and 2022 were Indonesia ($766k), Mexico ($708k), and Colombia ($39k).

Latest Trends

August 2024

About

Overview In August 2024 United States' Fat and Oil Residues exports accounted up to $624k and imports accounted up to $143k, resulting in a positive trade balance of $481k. Between August 2023 and August 2024 the exports of United States'   Fat and Oil Residues have increased by $144k (29.9%) from $481k to $624k, while imports increased by $9.65k (7.25%) from $133k to $143k.

Destinations In August 2024, Fat and Oil Residues were exported mostly to Japan ($624k), Belgium ($0), and Canada ($0), and were imported mostly from Canada ($107k), Belgium ($19.4k), Mexico ($12.5k), France ($3.94k), and India ($0).

Growth In August 2024, the increase in Fat and Oil Residues's year-by-year exports was explained primarily by an increase in exports to Japan ($227k or 109%). In August 2024, the increase in Fat and Oil Residues's year-by-year imports was explained primarily by an increase in imports from Mexico ($75.5k or 170%) and Canada ($10.6k or 62.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$144k(29.9%)
IMPORT GROWTH (August 2023 - August 2024)$9.65k(7.25%)
MAIN EXPORTER (August 2024)Nebraska$808k
MAIN DESTINATION (August 2024)Japan$624k

This section shows Fat and Oil Residues'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 Fat and Oil Residues over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$6.69M
IMPORTS (2022)$4.05M
NET TRADE (2022)$2.64M

In 2022, United States exported $6.69M in Fat and Oil Residues. The main destinations of United States exports on Fat and Oil Residues were Japan ($6.14M), Canada ($178k), South Korea ($133k), United Kingdom ($116k), and Peru ($48.5k).

In 2022, United States imported $4.05M in Fat and Oil Residues, mainly from Indonesia ($2.83M), Mexico ($810k), Canada ($299k), Colombia ($39k), and Hong Kong ($35.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Fat and Oil Residues EXPORT MARKETS FOR United States WERE (2021 - 2022):
Japan$1.88M (44.1%)
South Korea$133k (1%)
Peru$48.5k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fat and Oil Residues BY United States WERE (2021 - 2022):
Philippines-$66.5k (-100%)
United Kingdom-$65.8k (-36.2%)
Bahamas-$13.9k (-99.9%)
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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 Fat and Oil Residues were:
Indonesia $153M
Malaysia $75.1M
Spain $33M
In 2022, United States's main importing competitors in Fat and Oil Residues were:
Spain $180M
Italy $46.7M
Netherlands $43.3M

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Trade Value of Fat and Oil Residues by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSouth Korea+ $82.3k
TOP IMPORT POTENTIALIndonesia+ $421k

Fat and Oil Residues’s highest export potential is South Korea. With an export gap of $82.3k.   Fat and Oil Residues’s highest import potential is Indonesia with an import gap of $421k.

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