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2022
Exports $17BWorld Rnk 2 / 210
Flag Rnk 18 / 96
2022
Destination $570M Mexico
2021 - 2022
FASTEST GROWING MARKET $570MBrazil
2022
PRODUCT COMPLEXITY IN Inorganic chemicals1.72Rnk 21 / 1025
2022
Imports $20BWorld Rnk 2 / 225
Flag Rnk 24 / 96
2022
Origin $957M Canada
2021 - 2022
FASTEST GROWING ORIGIN $957MCanada
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $17B in Inorganic chemicals, making it the 2nd largest exporter of Inorganic chemicals in the world. At the same year, Inorganic chemicals was the 18th most exported product in United States. The main destination of Inorganic chemicals exports from United States are: Mexico ($2.57B), Canada ($1.69B), China ($1.58B), Brazil ($1.37B), and Japan ($1.2B).

The fastest growing export markets for Inorganic chemicals of United States between 2021 and 2022 were Brazil ($570M), Vietnam ($386M), and China ($330M).

Imports In 2022, United States imported $20B in Inorganic chemicals, becoming the 2nd largest importer of Inorganic chemicals in the world. At the same year, Inorganic chemicals was the 24th most imported product in United States. United States imports Inorganic chemicals primarily from: Canada ($3.7B), China ($1.87B), Japan ($1.71B), Germany ($1.6B), and South Korea ($1.18B).

The fastest growing import markets in Inorganic chemicals for United States between 2021 and 2022 were Canada ($957M), South Korea ($870M), and China ($674M).

COMPANIES In 2023, leading companies such as Red Bull (1.11k), Disney Cruise Line (231), and Yaheetech (180) were at the forefront of shipping Inorganic chemicals to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Inorganic chemicals exports accounted up to $1.27B and imports accounted up to $1.37B, resulting in a negative trade balance of $104M. Between August 2023 and August 2024 the exports of United States'   Inorganic chemicals have increased by $75.1M (6.31%) from $1.19B to $1.27B, while imports decreased by $-31.4M (-2.24%) from $1.4B to $1.37B.

Destinations In August 2024, Inorganic chemicals were exported mostly to Mexico ($170M), Canada ($166M), China ($104M), Japan ($102M), and United Kingdom ($71M), and were imported mostly from Canada ($355M), Germany ($207M), Netherlands ($153M), China ($120M), and Mexico ($80.4M).

Growth In August 2024, the increase in Inorganic chemicals's year-by-year exports was explained primarily by an increase in exports to Brazil ($28.2M or 25.3%), Vietnam ($25.9M or 122%), and Japan ($24.1M or 29.2%). In August 2024, the decrease in Inorganic chemicals's year-by-year imports was explained primarily by a decrease in imports from Trinidad and Tobago ($-68M or -42.6%), Netherlands ($-63.1M or -49.8%), and China ($-34.3M or -19.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$75.1M(6.31%)
IMPORT GROWTH (August 2023 - August 2024)$-31.4M(-2.24%)
MAIN EXPORTER (August 2024)Texas$168M
MAIN DESTINATION (August 2024)Mexico$170M

This section shows Inorganic chemicals'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 Inorganic chemicals over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$17B
IMPORTS (2022)$20B
NET TRADE (2022)-$2.99B

In 2022, United States exported $17B in Inorganic chemicals. The main destinations of United States exports on Inorganic chemicals were Mexico ($2.57B), Canada ($1.69B), China ($1.58B), Brazil ($1.37B), and Japan ($1.2B).

In 2022, United States imported $20B in Inorganic chemicals, mainly from Canada ($3.7B), China ($1.87B), Japan ($1.71B), Germany ($1.6B), and South Korea ($1.18B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Inorganic chemicals EXPORT MARKETS FOR United States WERE (2021 - 2022):
Brazil$570M (71.1%)
Vietnam$386M (184%)
China$330M (26.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Inorganic chemicals BY United States WERE (2021 - 2022):
India-$87.6M (-19.1%)
Russia-$20.6M (-82.5%)
Luxembourg-$18.4M (-74.3%)
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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 Inorganic chemicals were:
China $33.7B
Germany $15.3B
In 2022, United States's main importing competitors in Inorganic chemicals were:
China $21.7B
South Korea $13B

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Trade Value of Inorganic chemicals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $148M
TOP IMPORT POTENTIALCanada+ $400M

Inorganic chemicals’s highest export potential is China. With an export gap of $148M.   Inorganic chemicals’s highest import potential is Canada with an import gap of $400M.

See methodology.

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