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2023
Exports $15.5BWorld Rnk 2 / 207
Flag Rnk 19 / 96
2023
Destination $177M Mexico
2022 - 2023
FASTEST GROWING MARKET $177MUnited Kingdom
2023
PRODUCT COMPLEXITY IN Inorganic chemicals1.54Rnk 38 / 1025
2023
Imports $17.3BWorld Rnk 3 / 226
Flag Rnk 27 / 96
2023
Origin $288M Canada
2022 - 2023
FASTEST GROWING ORIGIN $288MRussia
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $15.5B in Inorganic chemicals, making it the 2nd largest exporter of Inorganic chemicals in the world. At the same year, Inorganic chemicals was the 19th most exported product in United States. The main destination of Inorganic chemicals exports from United States are: Mexico ($2.24B), Canada ($1.53B), Japan ($1.3B), China ($1.2B), and Brazil ($1.19B).

The fastest growing export markets for Inorganic chemicals of United States between 2022 and 2023 were United Kingdom ($177M), Japan ($88.8M), and Switzerland ($56.9M).

Imports In 2023, United States imported $17.3B in Inorganic chemicals, becoming the 3rd largest importer of Inorganic chemicals in the world. At the same year, Inorganic chemicals was the 27th most imported product in United States. United States imports Inorganic chemicals primarily from: Canada ($3.7B), China ($1.63B), Germany ($1.47B), Russia ($1.26B), and Mexico ($911M).

The fastest growing import markets in Inorganic chemicals for United States between 2022 and 2023 were Russia ($288M), France ($230M), and Italy ($106M).

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

November 2024

About

Overview In November 2024 United States' Inorganic chemicals exports accounted up to $1.19B and imports accounted up to $1.89B, resulting in a negative trade balance of $696M. Between November 2023 and November 2024 the exports of United States'   Inorganic chemicals have increased by $29.5M (2.54%) from $1.16B to $1.19B, while imports increased by $681M (56.5%) from $1.21B to $1.89B.

Destinations In November 2024, Inorganic chemicals were exported mostly to Mexico ($141M), Canada ($130M), China ($107M), Brazil ($102M), and Japan ($83.1M), and were imported mostly from France ($497M), Canada ($323M), United Kingdom ($210M), China ($116M), and Kazakhstan ($109M).

Growth In November 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 November 2024, the increase in Inorganic chemicals's year-by-year imports was explained primarily by an increase in imports from Canada ($87M or 34.6%), Brazil ($47.5M or 87.2%), and Chile ($43.8M or 107%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$29.5M(2.54%)
IMPORT GROWTH (November 2023 - November 2024)$681M(56.5%)
MAIN EXPORTER (November 2024)Texas$188M
MAIN DESTINATION (November 2024)Mexico$141M

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 (2023)$15.5B
IMPORTS (2023)$17.3B
NET TRADE (2023)-$1.86B

In 2023, United States exported $15.5B in Inorganic chemicals. The main destinations of United States exports on Inorganic chemicals were Mexico ($2.24B), Canada ($1.53B), Japan ($1.3B), China ($1.2B), and Brazil ($1.19B).

In 2023, United States imported $17.3B in Inorganic chemicals, mainly from Canada ($3.7B), China ($1.63B), Germany ($1.47B), Russia ($1.26B), and Mexico ($911M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Inorganic chemicals EXPORT MARKETS FOR United States WERE (2022 - 2023):
United Kingdom$177M (61.8%)
Japan$88.8M (7.33%)
Switzerland$56.9M (195%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Inorganic chemicals BY United States WERE (2022 - 2023):
China-$385M (-24.3%)
Brazil-$228M (-16.1%)
Mexico-$196M (-8.05%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Inorganic chemicals were:
China $35.7B
Germany $13B
In 2023, United States's main importing competitors in Inorganic chemicals were:
China $24.1B
South Korea $18.7B

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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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