Labels in United States | The Observatory of Economic Complexity

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Exports In 2022, United States exported $28.9M in Labels, making it the 9th largest exporter of Labels in the world. At the same year, Labels was the 937th most exported product in United States. The main destination of Labels exports from United States are: Mexico ($9.39M), Canada ($4.38M), Hong Kong ($2.98M), China ($1.26M), and Vietnam ($1.21M).

The fastest growing export markets for Labels of United States between 2021 and 2022 were Vietnam ($856k), Canada ($725k), and Indonesia ($475k).

Imports In 2022, United States imported $39.1M in Labels, becoming the 9th largest importer of Labels in the world. At the same year, Labels was the 1004th most imported product in United States. United States imports Labels primarily from: China ($13.1M), Mexico ($10.4M), Honduras ($1.86M), Chinese Taipei ($1.61M), and Vietnam ($1.48M).

The fastest growing import markets in Labels for United States between 2021 and 2022 were Mexico ($3.69M), Honduras ($988k), and Turkey ($455k).

COMPANIES In 2023, leading companies such as Cinmar (11), QVC Inc (7), and CrimsonLogic (6) were at the forefront of shipping Labels to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Labels exports accounted up to $2.25M and imports accounted up to $3.42M, resulting in a negative trade balance of $1.17M. Between August 2023 and August 2024 the exports of United States' Labels have increased by $270k (13.6%) from $1.98M to $2.25M, while imports increased by $468k (15.8%) from $2.95M to $3.42M.

Destinations In August 2024, Labels were exported mostly to Mexico ($768k), Canada ($416k), Hong Kong ($310k), China ($169k), and Saudi Arabia ($118k), and were imported mostly from Mexico ($1.76M), China ($581k), Germany ($197k), Italy ($108k), and India ($108k).

Growth In August 2024, the increase in Labels's year-by-year exports was explained primarily by an increase in exports to Canada ($357k or 170%), Netherlands ($46.8k or 65.7%), and Honduras ($19.1k or 72.3%). In August 2024, the increase in Labels's year-by-year imports was explained primarily by an increase in imports from Vietnam ($101k or 148%), Germany ($69.2k or 72.3%), and France ($32k or 46.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2023 - August 2024)$270k(13.6%)

IMPORT GROWTH (August 2023 - August 2024)$468k(15.8%)

MAIN EXPORTER (August 2024)North Carolina$381k

MAIN DESTINATION (August 2024)Mexico$768k

This section shows Labels'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 Labels over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$28.9M

IMPORTS (2022)$39.1M

NET TRADE (2022)-$10.2M

In 2022, United States exported $28.9M in Labels. The main destinations of United States exports on Labels were Mexico ($9.39M), Canada ($4.38M), Hong Kong ($2.98M), China ($1.26M), and Vietnam ($1.21M).

In 2022, United States imported $39.1M in Labels, mainly from China ($13.1M), Mexico ($10.4M), Honduras ($1.86M), Chinese Taipei ($1.61M), and Vietnam ($1.48M).

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