Natural gums, resins & other vegetable extracts in United States

About

Exports In 2022, United States exported $671M in Natural gums, resins & other vegetable extracts, making it the 6th largest exporter of Natural gums, resins & other vegetable extracts in the world. At the same year, Natural gums, resins & other vegetable extracts was the 81st most exported product in United States. The main destination of Natural gums, resins & other vegetable extracts exports from United States are: Canada ($96.4M), Mexico ($68.7M), China ($50.4M), United Kingdom ($38.7M), and Japan ($35.7M).

The fastest growing export markets for Natural gums, resins & other vegetable extracts of United States between 2021 and 2022 were Canada ($11.3M), Japan ($10.4M), and Germany ($7.8M).

Imports In 2022, United States imported $2.04B in Natural gums, resins & other vegetable extracts, becoming the 1st largest importer of Natural gums, resins & other vegetable extracts in the world. At the same year, Natural gums, resins & other vegetable extracts was the 78th most imported product in United States. United States imports Natural gums, resins & other vegetable extracts primarily from: India ($485M), China ($405M), Spain ($240M), France ($176M), and Italy ($133M).

The fastest growing import markets in Natural gums, resins & other vegetable extracts for United States between 2021 and 2022 were France ($95.4M), India ($63.7M), and Spain ($58.2M).

COMPANIES In 2023, leading companies such as Walmart (432), Walong Marketing (19), and CrimsonLogic (13) were at the forefront of shipping Natural gums, resins & other vegetable extracts to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Natural gums, resins & other vegetable extracts exports accounted up to $51.3M and imports accounted up to $132M, resulting in a negative trade balance of $80.3M. Between June 2023 and June 2024 the exports of United States' Natural gums, resins & other vegetable extracts have increased by $3.11M (6.46%) from $48.2M to $51.3M, while imports increased by $15M (12.8%) from $117M to $132M.

Destinations In June 2024, Natural gums, resins & other vegetable extracts were exported mostly to Canada ($8.82M), United Kingdom ($7.98M), Mexico ($3.32M), China ($2.92M), and South Korea ($2.92M), and were imported mostly from India ($33.5M), China ($25.2M), France ($15.4M), Italy ($9.37M), and Spain ($7M).

Growth In June 2024, the increase in Natural gums, resins & other vegetable extracts's year-by-year exports was explained primarily by an increase in exports to Mexico ($4.5M or 63.7%), Brazil ($1.97M or 386%), and Ireland ($996k or 207%). In June 2024, the increase in Natural gums, resins & other vegetable extracts's year-by-year imports was explained primarily by an increase in imports from Italy ($5.06M or 77.3%), Mexico ($2.47M or 57.7%), and Philippines ($2.39M or 62.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)$3.11M(6.46%)

IMPORT GROWTH (June 2023 - June 2024)$15M(12.8%)

MAIN EXPORTER (June 2024)Washington$16.4M

MAIN DESTINATION (June 2024)Canada$8.82M

This section shows Natural gums, resins & other vegetable extracts'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 Natural gums, resins & other vegetable extracts over time.

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