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2023
Exports $313MWorld Rnk 2 / 169
Flag Rnk 475 / 1217
2023
Destination $12.8M Mexico
2022 - 2023
FASTEST GROWING MARKET $12.8MSouth Korea
2023
PRODUCT COMPLEXITY IN Organic Composite Solvents-0.13Rnk 600 / 1025
2023
Imports $86.3MWorld Rnk 5 / 220
Flag Rnk 885 / 1215
2023
Origin $2.84M South Korea
2022 - 2023
FASTEST GROWING ORIGIN $2.84MUnited Kingdom
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $313M in Organic Composite Solvents, making it the 2nd largest exporter of Organic Composite Solvents in the world. At the same year, Organic Composite Solvents was the 475th most exported product in United States. The main destination of Organic Composite Solvents exports from United States are: Mexico ($62.7M), Canada ($43M), South Korea ($34.4M), China ($19.7M), and Saudi Arabia ($17.1M).

The fastest growing export markets for Organic Composite Solvents of United States between 2022 and 2023 were South Korea ($12.8M), Saudi Arabia ($10.8M), and Germany ($5.97M).

Imports In 2023, United States imported $86.3M in Organic Composite Solvents, becoming the 5th largest importer of Organic Composite Solvents in the world. At the same year, Organic Composite Solvents was the 885th most imported product in United States. United States imports Organic Composite Solvents primarily from: South Korea ($27.7M), Canada ($24.3M), United Kingdom ($8.89M), Germany ($6.33M), and Japan ($3.19M).

The fastest growing import markets in Organic Composite Solvents for United States between 2022 and 2023 were United Kingdom ($2.84M), Chinese Taipei ($1.29M), and Germany ($867k).

COMPANIES In 2023, leading companies such as Dole Fresh Fruit (268), Samsung (39), and Barry Callebaut (21) were at the forefront of shipping Organic Composite Solvents to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Organic Composite Solvents exports accounted up to $15.7M and imports accounted up to $7.01M, resulting in a positive trade balance of $8.66M. Between November 2023 and November 2024 the exports of United States'   Organic Composite Solvents have decreased by $-10.7M (-40.5%) from $26.4M to $15.7M, while imports decreased by $-794k (-10.2%) from $7.81M to $7.01M.

Destinations In November 2024, Organic Composite Solvents were exported mostly to Mexico ($5.01M), Canada ($2.98M), Brazil ($918k), Chinese Taipei ($664k), and United Arab Emirates ($557k), and were imported mostly from Chinese Taipei ($1.83M), Canada ($1.58M), South Korea ($1.15M), United Kingdom ($787k), and Germany ($666k).

Growth In November 2024, the decrease in Organic Composite Solvents's year-by-year exports was explained primarily by a decrease in exports to Mexico ($-343k or -6.86%), Russia ($-267k or -98.8%), and Colombia ($-217k or -55.4%). In November 2024, the decrease in Organic Composite Solvents's year-by-year imports was explained primarily by a decrease in imports from South Korea ($-2.47M or -56.4%), Canada ($-1.76M or -54.7%), and China ($-547k or -97.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-10.7M(-40.5%)
IMPORT GROWTH (November 2023 - November 2024)$-794k(-10.2%)
MAIN EXPORTER (November 2024)Illinois$7.59M
MAIN DESTINATION (November 2024)Mexico$5.01M

This section shows Organic Composite Solvents'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 Organic Composite Solvents over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$313M
IMPORTS (2023)$86.3M
NET TRADE (2023)$226M

In 2023, United States exported $313M in Organic Composite Solvents. The main destinations of United States exports on Organic Composite Solvents were Mexico ($62.7M), Canada ($43M), South Korea ($34.4M), China ($19.7M), and Saudi Arabia ($17.1M).

In 2023, United States imported $86.3M in Organic Composite Solvents, mainly from South Korea ($27.7M), Canada ($24.3M), United Kingdom ($8.89M), Germany ($6.33M), and Japan ($3.19M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Organic Composite Solvents EXPORT MARKETS FOR United States WERE (2022 - 2023):
South Korea$12.8M (59.4%)
Saudi Arabia$10.8M (172%)
Germany$5.97M (404%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Organic Composite Solvents BY United States WERE (2022 - 2023):
Mexico-$42.7M (-40.5%)
Ireland-$16.1M (-98.7%)
Iraq-$3.64M (-96%)
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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 Organic Composite Solvents were:
Germany $321M
Italy $160M
In 2023, United States's main importing competitors in Organic Composite Solvents were:
France $99.9M
China $98.5M
Germany $97M

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Trade Value of Organic Composite Solvents by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.34M
TOP IMPORT POTENTIALGermany+ $3.16M

Organic Composite Solvents’s highest export potential is China. With an export gap of $3.34M.   Organic Composite Solvents’s highest import potential is Germany with an import gap of $3.16M.

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