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2022
Exports $1.31BWorld Rnk 1 / 123
Flag Rnk 224 / 1217
2022
Destination $40M China
2021 - 2022
FASTEST GROWING MARKET $40MChina
2022
PRODUCT COMPLEXITY IN Petroleum Resins1.53Rnk 46 / 1025
2022
Imports $662MWorld Rnk 2 / 197
Flag Rnk 479 / 1216
2022
Origin $39.6M Germany
2021 - 2022
FASTEST GROWING ORIGIN $39.6MChina
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $1.31B in Petroleum Resins, making it the 1st largest exporter of Petroleum Resins in the world. At the same year, Petroleum Resins was the 224th most exported product in United States. The main destination of Petroleum Resins exports from United States are: China ($225M), Mexico ($181M), Canada ($141M), Netherlands ($114M), and Belgium ($90.4M).

The fastest growing export markets for Petroleum Resins of United States between 2021 and 2022 were China ($40M), Mexico ($33M), and Netherlands ($28.6M).

Imports In 2022, United States imported $662M in Petroleum Resins, becoming the 2nd largest importer of Petroleum Resins in the world. At the same year, Petroleum Resins was the 479th most imported product in United States. United States imports Petroleum Resins primarily from: Germany ($144M), China ($109M), Japan ($100M), Canada ($76.4M), and South Korea ($57.4M).

The fastest growing import markets in Petroleum Resins for United States between 2021 and 2022 were China ($39.6M), Canada ($32.9M), and Germany ($14.1M).

COMPANIES In 2023, leading companies such as IKEA Group (52), LG Electronics (45), and Dole Fresh Fruit (24) were at the forefront of shipping Petroleum Resins to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Petroleum Resins exports accounted up to $88.8M and imports accounted up to $64.9M, resulting in a positive trade balance of $23.9M. Between August 2023 and August 2024 the exports of United States'   Petroleum Resins have increased by $1.95M (2.24%) from $86.9M to $88.8M, while imports increased by $10.6M (19.4%) from $54.4M to $64.9M.

Destinations In August 2024, Petroleum Resins were exported mostly to Mexico ($14.6M), Belgium ($13.5M), China ($11.7M), Canada ($10.3M), and Japan ($4.23M), and were imported mostly from Germany ($12M), Japan ($10M), China ($8.41M), United Kingdom ($8.38M), and South Korea ($7.15M).

Growth In August 2024, the increase in Petroleum Resins's year-by-year exports was explained primarily by an increase in exports to Netherlands ($4.98M or 99%), France ($4.3M or 264%), and Belgium ($4.05M or 40.7%). In August 2024, the increase in Petroleum Resins's year-by-year imports was explained primarily by an increase in imports from Japan ($3.32M or 44.7%), Germany ($2.71M or 29.3%), and France ($2.23M or 181%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$1.95M(2.24%)
IMPORT GROWTH (August 2023 - August 2024)$10.6M(19.4%)
MAIN EXPORTER (August 2024)Ohio$52.2M
MAIN DESTINATION (August 2024)Mexico$14.6M

This section shows Petroleum Resins'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 Petroleum Resins over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.31B
IMPORTS (2022)$662M
NET TRADE (2022)$653M

In 2022, United States exported $1.31B in Petroleum Resins. The main destinations of United States exports on Petroleum Resins were China ($225M), Mexico ($181M), Canada ($141M), Netherlands ($114M), and Belgium ($90.4M).

In 2022, United States imported $662M in Petroleum Resins, mainly from Germany ($144M), China ($109M), Japan ($100M), Canada ($76.4M), and South Korea ($57.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum Resins EXPORT MARKETS FOR United States WERE (2021 - 2022):
China$40M (21.7%)
Mexico$33M (22.2%)
Netherlands$28.6M (33.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Resins BY United States WERE (2021 - 2022):
Singapore-$11.2M (-25.8%)
France-$10.2M (-26.3%)
Switzerland-$5.03M (-57.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Petroleum Resins were:
China $1.28B
Germany $1.24B
In 2022, United States's main importing competitors in Petroleum Resins were:
China $901M
Germany $510M

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Trade Value of Petroleum Resins by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $12.3M
TOP IMPORT POTENTIALChina+ $28.3M

Petroleum Resins’s highest export potential is India. With an export gap of $12.3M.   Petroleum Resins’s highest import potential is China with an import gap of $28.3M.

See methodology.

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