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2022
Exports $2.66MWorld Rnk 5 / 93
Flag Rnk 1147 / 1217
2022
Destination $401k Dominican Republic
2021 - 2022
FASTEST GROWING MARKET $401kIreland
2022
Imports $6.49MWorld Rnk 7 / 163
Flag Rnk 1148 / 1216
2022
Origin $2.28M Bangladesh
2021 - 2022
FASTEST GROWING ORIGIN $2.28MBangladesh
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $2.66M in Jute and Other Textile Fibers, making it the 5th largest exporter of Jute and Other Textile Fibers in the world. At the same year, Jute and Other Textile Fibers was the 1147th most exported product in United States. The main destination of Jute and Other Textile Fibers exports from United States are: Dominican Republic ($1.23M), Ireland ($405k), Colombia ($192k), Mexico ($178k), and Chile ($174k).

The fastest growing export markets for Jute and Other Textile Fibers of United States between 2021 and 2022 were Ireland ($401k), Colombia ($192k), and Chile ($162k).

Imports In 2022, United States imported $6.49M in Jute and Other Textile Fibers, becoming the 7th largest importer of Jute and Other Textile Fibers in the world. At the same year, Jute and Other Textile Fibers was the 1148th most imported product in United States. United States imports Jute and Other Textile Fibers primarily from: Bangladesh ($4.81M), India ($694k), Tanzania ($234k), Pakistan ($202k), and Switzerland ($86k).

The fastest growing import markets in Jute and Other Textile Fibers for United States between 2021 and 2022 were Bangladesh ($2.28M), India ($436k), and Tanzania ($234k).

COMPANIES In 2023, leading companies such as At Home Procurement (2) and Home Dynamix (1) were at the forefront of shipping Jute and Other Textile Fibers to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Jute and Other Textile Fibers exports accounted up to $41.3k and imports accounted up to $89.5k, resulting in a negative trade balance of $48.2k. Between May 2023 and June 2024 the exports of United States'   Jute and Other Textile Fibers have increased by $36.7k (808%) from $4.55k to $41.3k, while imports decreased by $-211k (-70.2%) from $300k to $89.5k.

Destinations In June 2024, Jute and Other Textile Fibers were exported mostly to Canada ($25.8k), India ($8k), Saint Vincent and the Grenadines ($7.49k), Nigeria ($0), and United Kingdom ($0), and were imported mostly from Bangladesh ($78.3k), India ($6.01k), China ($3.13k), Germany ($2.04k), and Pakistan ($0).

Growth In June 2024, the increase in Jute and Other Textile Fibers's year-by-year exports was explained primarily by an increase in exports to Mexico ($16.9k or 142%). In June 2024, the decrease in Jute and Other Textile Fibers's year-by-year imports was explained primarily by a decrease in imports from Bangladesh ($-106k or -56%) and Pakistan ($-30.1k or -80.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - June 2024)$36.7k(808%)
IMPORT GROWTH (June 2023 - June 2024)$-211k(-70.2%)
MAIN EXPORTER (June 2024)North Carolina$403k
MAIN DESTINATION (June 2024)Canada$25.8k

This section shows Jute and Other Textile Fibers'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 Jute and Other Textile Fibers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.66M
IMPORTS (2022)$6.49M
NET TRADE (2022)-$3.83M

In 2022, United States exported $2.66M in Jute and Other Textile Fibers. The main destinations of United States exports on Jute and Other Textile Fibers were Dominican Republic ($1.23M), Ireland ($405k), Colombia ($192k), Mexico ($178k), and Chile ($174k).

In 2022, United States imported $6.49M in Jute and Other Textile Fibers, mainly from Bangladesh ($4.81M), India ($694k), Tanzania ($234k), Pakistan ($202k), and Switzerland ($86k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Jute and Other Textile Fibers EXPORT MARKETS FOR United States WERE (2021 - 2022):
Ireland$401k (10.5k%)
Colombia$192k (1%)
Chile$162k (1.33k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Jute and Other Textile Fibers BY United States WERE (2021 - 2022):
Dominican Republic-$814k (-39.8%)
Canada-$205k (-74.5%)
Nigeria-$191k (-63.9%)
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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 Jute and Other Textile Fibers were:
Bangladesh $205M
India $29.1M
Tanzania $24.1M
In 2022, United States's main importing competitors in Jute and Other Textile Fibers were:
India $97.2M
Pakistan $52M
Nepal $33.2M

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Trade Value of Jute and Other Textile Fibers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNigeria+ $15.3k
TOP IMPORT POTENTIALBangladesh+ $434k

Jute and Other Textile Fibers’s highest export potential is Nigeria. With an export gap of $15.3k.   Jute and Other Textile Fibers’s highest import potential is Bangladesh with an import gap of $434k.

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