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2022
Exports $20.3MWorld Rnk 5 / 104
Flag Rnk 979 / 1217
2022
Destination $2.83M Canada
2021 - 2022
FASTEST GROWING MARKET $2.83MSuriname
2022
Imports $12.1MWorld Rnk 13 / 185
Flag Rnk 1109 / 1216
2022
Origin $795k Canada
2021 - 2022
FASTEST GROWING ORIGIN $795kChina
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $20.3M in Nitric Acids, making it the 5th largest exporter of Nitric Acids in the world. At the same year, Nitric Acids was the 979th most exported product in United States. The main destination of Nitric Acids exports from United States are: Canada ($8.01M), Mexico ($5.3M), Suriname ($3.76M), Israel ($505k), and Ireland ($481k).

The fastest growing export markets for Nitric Acids of United States between 2021 and 2022 were Suriname ($2.83M), Canada ($2.71M), and Mexico ($1.85M).

Imports In 2022, United States imported $12.1M in Nitric Acids, becoming the 13th largest importer of Nitric Acids in the world. At the same year, Nitric Acids was the 1109th most imported product in United States. United States imports Nitric Acids primarily from: Canada ($7.85M), South Korea ($1.08M), China ($813k), Chinese Taipei ($756k), and France ($747k).

The fastest growing import markets in Nitric Acids for United States between 2021 and 2022 were China ($795k), Chinese Taipei ($719k), and France ($716k).

Latest Trends

August 2024

About

Overview In August 2024 United States' Nitric Acids exports accounted up to $1.08M and imports accounted up to $510k, resulting in a positive trade balance of $573k. Between August 2023 and August 2024 the exports of United States'   Nitric Acids have decreased by $-239k (-18.1%) from $1.32M to $1.08M, while imports decreased by $-186k (-26.7%) from $696k to $510k.

Destinations In August 2024, Nitric Acids were exported mostly to Canada ($524k), Mexico ($355k), Brazil ($61k), Ireland ($32.9k), and Peru ($30.3k), and were imported mostly from Canada ($308k), South Korea ($64.5k), Chinese Taipei ($57.3k), France ($41.3k), and Japan ($36.2k).

Growth In August 2024, the decrease in Nitric Acids's year-by-year exports was explained primarily by a decrease in exports to Israel ($-27.4k or -62.2%) and South Korea ($-4.64k or -27.1%). In August 2024, the decrease in Nitric Acids's year-by-year imports was explained primarily by a decrease in imports from Canada ($-367k or -46.3%) and Czechia ($-27.1k or -92.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-239k(-18.1%)
IMPORT GROWTH (August 2023 - August 2024)$-186k(-26.7%)
MAIN EXPORTER (August 2024)Illinois$496k
MAIN DESTINATION (August 2024)Canada$524k

This section shows Nitric Acids'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 Nitric Acids over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$20.3M
IMPORTS (2022)$12.1M
NET TRADE (2022)$8.23M

In 2022, United States exported $20.3M in Nitric Acids. The main destinations of United States exports on Nitric Acids were Canada ($8.01M), Mexico ($5.3M), Suriname ($3.76M), Israel ($505k), and Ireland ($481k).

In 2022, United States imported $12.1M in Nitric Acids, mainly from Canada ($7.85M), South Korea ($1.08M), China ($813k), Chinese Taipei ($756k), and France ($747k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nitric Acids EXPORT MARKETS FOR United States WERE (2021 - 2022):
Suriname$2.83M (301%)
Canada$2.71M (51.2%)
Mexico$1.85M (53.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nitric Acids BY United States WERE (2021 - 2022):
China-$342k (-60.8%)
Chinese Taipei-$72.8k (-18.9%)
Japan-$36.4k (-68.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, United States's main exporting competitors in Nitric Acids were:
South Korea $154M
Belgium $142M
Germany $100M
In 2022, United States's main importing competitors in Nitric Acids were:
Germany $83.3M
France $64.3M
Japan $47.6M

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Trade Value of Nitric Acids by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $336k
TOP IMPORT POTENTIALSouth Korea+ $614k

Nitric Acids’s highest export potential is China. With an export gap of $336k.   Nitric Acids’s highest import potential is South Korea with an import gap of $614k.

See methodology.

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