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2023
Exports $23.3MWorld Rnk 12 / 140
Flag Rnk 935 / 1217
2023
Destination $1.54M Canada
2022 - 2023
FASTEST GROWING MARKET $1.54MCzechia
2023
PRODUCT COMPLEXITY IN Insect Resins-2.36Rnk 1014 / 1025
2023
Imports $110MWorld Rnk 3 / 191
Flag Rnk 852 / 1215
2023
Origin $995k France
2022 - 2023
FASTEST GROWING ORIGIN $995kMali
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $23.3M in Insect Resins, making it the 12th largest exporter of Insect Resins in the world. At the same year, Insect Resins was the 935th most exported product in United States. The main destination of Insect Resins exports from United States are: Canada ($4.43M), Czechia ($2.16M), China ($1.67M), Honduras ($1.57M), and United Kingdom ($1.12M).

The fastest growing export markets for Insect Resins of United States between 2022 and 2023 were Czechia ($1.54M), Canada ($858k), and China ($524k).

Imports In 2023, United States imported $110M in Insect Resins, becoming the 3rd largest importer of Insect Resins in the world. At the same year, Insect Resins was the 852nd most imported product in United States. United States imports Insect Resins primarily from: France ($47.6M), India ($18.5M), Sudan ($12.7M), Germany ($6.22M), and Thailand ($5.19M).

The fastest growing import markets in Insect Resins for United States between 2022 and 2023 were Mali ($995k), El Salvador ($473k), and Belgium ($325k).

COMPANIES In 2023, leading companies such as Walmart (432), Elkem Silicones (8), and Tmall (5) were at the forefront of shipping Insect Resins to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Insect Resins exports accounted up to $1.65M and imports accounted up to $9.05M, resulting in a negative trade balance of $7.4M. Between November 2023 and November 2024 the exports of United States'   Insect Resins have decreased by $-318k (-16.1%) from $1.97M to $1.65M, while imports increased by $561k (6.61%) from $8.49M to $9.05M.

Destinations In November 2024, Insect Resins were exported mostly to Canada ($475k), China ($392k), Mexico ($246k), Chinese Taipei ($189k), and Germany ($79.6k), and were imported mostly from France ($4.83M), Germany ($785k), Sudan ($760k), India ($617k), and China ($391k).

Growth In November 2024, the decrease in Insect Resins's year-by-year exports was explained primarily by a decrease in exports to Honduras ($-330k or -81.6%), India ($-227k or -47.2%), and Canada ($-121k or -20.5%). In November 2024, the increase in Insect Resins's year-by-year imports was explained primarily by an increase in imports from India ($1.21M or 66.7%), United Kingdom ($357k or 480%), and Italy ($25.9k or 411%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-318k(-16.1%)
IMPORT GROWTH (November 2023 - November 2024)$561k(6.61%)
MAIN EXPORTER (November 2024)New Jersey$1.29M
MAIN DESTINATION (November 2024)Canada$475k

This section shows Insect Resins'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 Insect Resins over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$23.3M
IMPORTS (2023)$110M
NET TRADE (2023)-$87M

In 2023, United States exported $23.3M in Insect Resins. The main destinations of United States exports on Insect Resins were Canada ($4.43M), Czechia ($2.16M), China ($1.67M), Honduras ($1.57M), and United Kingdom ($1.12M).

In 2023, United States imported $110M in Insect Resins, mainly from France ($47.6M), India ($18.5M), Sudan ($12.7M), Germany ($6.22M), and Thailand ($5.19M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Insect Resins EXPORT MARKETS FOR United States WERE (2022 - 2023):
Czechia$1.54M (250%)
Canada$858k (24%)
China$524k (45.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insect Resins BY United States WERE (2022 - 2023):
India-$7.24M (-94%)
Honduras-$1.51M (-49%)
Saudi Arabia-$692k (-42%)
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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 Insect Resins were:
France $220M
Afghanistan $156M
Sudan $147M
In 2023, United States's main importing competitors in Insect Resins were:
India $274M
France $114M

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Trade Value of Insect Resins by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $1.94M
TOP IMPORT POTENTIALCanada+ $1.56M

Insect Resins’s highest export potential is India. With an export gap of $1.94M.   Insect Resins’s highest import potential is Canada with an import gap of $1.56M.

See methodology.

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