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2023
Exports $99.7MWorld Rnk 1 / 108
Flag Rnk 712 / 1217
2023
Destination $7.81M Thailand
2022 - 2023
FASTEST GROWING MARKET $7.81MThailand
2023
Imports $64.2MWorld Rnk 1 / 161
Flag Rnk 926 / 1215
2023
Origin $7.04M Canada
2022 - 2023
FASTEST GROWING ORIGIN $7.04MCanada
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $99.7M in Parachutes, making it the 1st largest exporter of Parachutes in the world. At the same year, Parachutes was the 712th most exported product in United States. The main destination of Parachutes exports from United States are: Thailand ($9.46M), South Korea ($9.07M), Japan ($8.1M), United Kingdom ($7.85M), and Canada ($6.89M).

The fastest growing export markets for Parachutes of United States between 2022 and 2023 were Thailand ($7.81M), Japan ($4.34M), and South Korea ($4.03M).

Imports In 2023, United States imported $64.2M in Parachutes, becoming the 1st largest importer of Parachutes in the world. At the same year, Parachutes was the 926th most imported product in United States. United States imports Parachutes primarily from: Canada ($23.2M), United Kingdom ($11.3M), Saudi Arabia ($5.38M), Mexico ($4.66M), and South Korea ($2.12M).

The fastest growing import markets in Parachutes for United States between 2022 and 2023 were Canada ($7.04M), Saudi Arabia ($5.38M), and Netherlands ($655k).

Latest Trends

November 2024

About

Overview In November 2024 United States' Parachutes exports accounted up to $20M and imports accounted up to $7.53M, resulting in a positive trade balance of $12.5M. Between November 2023 and November 2024 the exports of United States'   Parachutes have increased by $6.47M (47.8%) from $13.5M to $20M, while imports increased by $2.35M (45.5%) from $5.17M to $7.53M.

Destinations In November 2024, Parachutes were exported mostly to N/A, and were imported mostly from Canada ($3.85M), United Kingdom ($2.14M), Mexico ($400k), Brazil ($224k), and Spain ($182k).

Growth In November 2024, the increase in Parachutes's year-by-year exports was explained primarily by an increase in exports to Germany ($1.39M or 957%), Italy ($1.19M or 2.47k%), and Chinese Taipei ($829k or 5.8k%). In November 2024, the increase in Parachutes's year-by-year imports was explained primarily by an increase in imports from N/A.

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$6.47M(47.8%)
IMPORT GROWTH (November 2023 - November 2024)$2.35M(45.5%)
MAIN EXPORTER (November 2024)California$9.72M

This section shows Parachutes'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 Parachutes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$99.7M
IMPORTS (2023)$64.2M
NET TRADE (2023)$35.4M

In 2023, United States exported $99.7M in Parachutes. The main destinations of United States exports on Parachutes were Thailand ($9.46M), South Korea ($9.07M), Japan ($8.1M), United Kingdom ($7.85M), and Canada ($6.89M).

In 2023, United States imported $64.2M in Parachutes, mainly from Canada ($23.2M), United Kingdom ($11.3M), Saudi Arabia ($5.38M), Mexico ($4.66M), and South Korea ($2.12M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Parachutes EXPORT MARKETS FOR United States WERE (2022 - 2023):
Thailand$7.81M (473%)
Japan$4.34M (115%)
South Korea$4.03M (80%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Parachutes BY United States WERE (2022 - 2023):
Saudi Arabia-$7.9M (-73.3%)
Philippines-$7.28M (-99.7%)
Norway-$3.38M (-49.1%)
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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 Parachutes were:
Vietnam $41.1M
United Kingdom $28.5M
In 2023, United States's main importing competitors in Parachutes were:
France $36.9M
Germany $26.3M

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Trade Value of Parachutes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $1.32M
TOP IMPORT POTENTIALVietnam+ $946k

Parachutes’s highest export potential is Canada. With an export gap of $1.32M.   Parachutes’s highest import potential is Vietnam with an import gap of $946k.

See methodology.

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