Industrial Fatty Acids, Oils and Alcohols in United States | The Observatory of Economic Complexity

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Exports In 2022, United States exported $8.98B in Industrial Fatty Acids, Oils and Alcohols, making it the 4th largest exporter of Industrial Fatty Acids, Oils and Alcohols in the world. At the same year, Industrial Fatty Acids, Oils and Alcohols was the 34th most exported product in United States. The main destination of Industrial Fatty Acids, Oils and Alcohols exports from United States are: Canada ($2.22B), Mexico ($1.87B), China ($639M), Germany ($416M), and South Korea ($401M).

The fastest growing export markets for Industrial Fatty Acids, Oils and Alcohols of United States between 2021 and 2022 were Canada ($744M), Mexico ($320M), and Singapore ($237M).

Imports In 2022, United States imported $6.75B in Industrial Fatty Acids, Oils and Alcohols, becoming the 4th largest importer of Industrial Fatty Acids, Oils and Alcohols in the world. At the same year, Industrial Fatty Acids, Oils and Alcohols was the 95th most imported product in United States. United States imports Industrial Fatty Acids, Oils and Alcohols primarily from: Canada ($1.28B), Germany ($1.13B), Japan ($1.01B), China ($726M), and South Korea ($580M).

The fastest growing import markets in Industrial Fatty Acids, Oils and Alcohols for United States between 2021 and 2022 were Germany ($418M), South Korea ($356M), and Canada ($234M).

COMPANIES In 2023, leading companies such as Disney Cruise Line (23), Xerox (11), and Celebrity Cruises (11) were at the forefront of shipping Industrial Fatty Acids, Oils and Alcohols to the United States.

Latest Trends

September 2024

About

Overview In September 2024 United States' Industrial Fatty Acids, Oils and Alcohols exports accounted up to $29.7M and imports accounted up to $62.5M, resulting in a negative trade balance of $32.8M. Between September 2023 and September 2024 the exports of United States' Industrial Fatty Acids, Oils and Alcohols have decreased by $-5.27M (-15.1%) from $35M to $29.7M, while imports increased by $13.8M (28.4%) from $48.7M to $62.5M.

Destinations In September 2024, Industrial Fatty Acids, Oils and Alcohols were exported mostly to Mexico ($8.19M), Canada ($5.2M), Netherlands ($4.57M), Japan ($3.81M), and Brazil ($1.62M), and were imported mostly from Indonesia ($36.8M), Malaysia ($10.2M), South Africa ($3.36M), India ($3.01M), and Germany ($2.98M).

Growth In September 2024, the decrease in Industrial Fatty Acids, Oils and Alcohols's year-by-year exports was explained primarily by a decrease in exports to Japan ($-6.87M or -53.6%), Netherlands ($-5.03M or -68.6%), and Singapore ($-3.2M or -93.7%). In September 2024, the increase in Industrial Fatty Acids, Oils and Alcohols's year-by-year imports was explained primarily by an increase in imports from Belgium ($4.28M or 420%), South Africa ($2.53M or 45.8%), and Netherlands ($1.81M or 90.7%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (September 2023 - September 2024)$-5.27M(-15.1%)

IMPORT GROWTH (September 2023 - September 2024)$13.8M(28.4%)

MAIN EXPORTER (September 2024)Louisiana$24.2M

MAIN DESTINATION (September 2024)Mexico$8.19M

This section shows Industrial Fatty Acids, Oils and Alcohols'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 Industrial Fatty Acids, Oils and Alcohols over time.

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