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2023
Exports $15.1BWorld Rnk 2 / 225
Flag Rnk 20 / 96
2023
Destination $134M Canada
2022 - 2023
FASTEST GROWING MARKET $134MCanada
2023
PRODUCT COMPLEXITY IN Perfumery & cosmetics0.37Rnk 427 / 1025
2023
Imports $19.5BWorld Rnk 1 / 226
Flag Rnk 26 / 96
2023
Origin $346M France
2022 - 2023
FASTEST GROWING ORIGIN $346MSouth Korea
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $15.1B in Perfumery & cosmetics, making it the 2nd largest exporter of Perfumery & cosmetics in the world. At the same year, Perfumery & cosmetics was the 20th most exported product in United States. The main destination of Perfumery & cosmetics exports from United States are: Canada ($2.95B), China ($1.5B), Mexico ($1.11B), United Kingdom ($936M), and Australia ($626M).

The fastest growing export markets for Perfumery & cosmetics of United States between 2022 and 2023 were Canada ($134M), Mexico ($131M), and India ($114M).

Imports In 2023, United States imported $19.5B in Perfumery & cosmetics, becoming the 1st largest importer of Perfumery & cosmetics in the world. At the same year, Perfumery & cosmetics was the 26th most imported product in United States. United States imports Perfumery & cosmetics primarily from: France ($3.69B), Ireland ($3.66B), Canada ($1.86B), Mexico ($1.67B), and Italy ($1.46B).

The fastest growing import markets in Perfumery & cosmetics for United States between 2022 and 2023 were South Korea ($346M), Mexico ($230M), and France ($206M).

COMPANIES In 2023, leading companies such as L'Oreal (806), CrimsonLogic (765), and Lollicup (434) were at the forefront of shipping Perfumery & cosmetics to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Perfumery & cosmetics exports accounted up to $1.26B and imports accounted up to $1.88B, resulting in a negative trade balance of $619M. Between November 2023 and November 2024 the exports of United States'   Perfumery & cosmetics have increased by $104M (8.97%) from $1.16B to $1.26B, while imports increased by $321M (20.6%) from $1.56B to $1.88B.

Destinations In November 2024, Perfumery & cosmetics were exported mostly to Canada ($294M), Mexico ($100M), United Kingdom ($75.9M), China ($74.2M), and France ($50.8M), and were imported mostly from France ($356M), Ireland ($287M), Italy ($167M), South Korea ($160M), and Canada ($160M).

Growth In November 2024, the increase in Perfumery & cosmetics's year-by-year exports was explained primarily by an increase in exports to Canada ($56.5M or 24.1%), Singapore ($38.2M or 188%), and Mexico ($23M or 31.1%). In November 2024, the increase in Perfumery & cosmetics's year-by-year imports was explained primarily by an increase in imports from France ($96.9M or 43.8%), Ireland ($67.3M or 24%), and Italy ($32.8M or 34.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$104M(8.97%)
IMPORT GROWTH (November 2023 - November 2024)$321M(20.6%)
MAIN EXPORTER (November 2024)New Jersey$317M
MAIN DESTINATION (November 2024)Canada$294M

This section shows Perfumery & cosmetics'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 Perfumery & cosmetics over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$15.1B
IMPORTS (2023)$19.5B
NET TRADE (2023)-$4.36B

In 2023, United States exported $15.1B in Perfumery & cosmetics. The main destinations of United States exports on Perfumery & cosmetics were Canada ($2.95B), China ($1.5B), Mexico ($1.11B), United Kingdom ($936M), and Australia ($626M).

In 2023, United States imported $19.5B in Perfumery & cosmetics, mainly from France ($3.69B), Ireland ($3.66B), Canada ($1.86B), Mexico ($1.67B), and Italy ($1.46B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Perfumery & cosmetics EXPORT MARKETS FOR United States WERE (2022 - 2023):
Canada$134M (4.77%)
Mexico$131M (13.4%)
India$114M (104%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Perfumery & cosmetics BY United States WERE (2022 - 2023):
China-$349M (-18.9%)
South Korea-$94.3M (-22.7%)
Macau-$85.4M (-47.2%)
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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 Perfumery & cosmetics were:
France $29.3B
Germany $12.1B
In 2023, United States's main importing competitors in Perfumery & cosmetics were:
China $13B
Germany $8.77B

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Trade Value of Perfumery & cosmetics by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $294M
TOP IMPORT POTENTIALCanada+ $427M

Perfumery & cosmetics’s highest export potential is China. With an export gap of $294M.   Perfumery & cosmetics’s highest import potential is Canada with an import gap of $427M.

See methodology.

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