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2022
Exports $44.4MWorld Rnk 7 / 153
Flag Rnk 881 / 1217
2022
Destination $3.64M Mexico
2021 - 2022
FASTEST GROWING MARKET $3.64MMexico
2022
PRODUCT COMPLEXITY IN Pharmaceutical Rubber Products0.19Rnk 491 / 1025
2022
Imports $92.6MWorld Rnk 2 / 215
Flag Rnk 890 / 1216
2022
Origin $3.24M Thailand
2021 - 2022
FASTEST GROWING ORIGIN $3.24MMexico
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $44.4M in Pharmaceutical Rubber Products, making it the 7th largest exporter of Pharmaceutical Rubber Products in the world. At the same year, Pharmaceutical Rubber Products was the 881st most exported product in United States. The main destination of Pharmaceutical Rubber Products exports from United States are: Mexico ($9.95M), Canada ($6.98M), Belgium ($3.96M), China ($2.12M), and United Kingdom ($1.5M).

The fastest growing export markets for Pharmaceutical Rubber Products of United States between 2021 and 2022 were Mexico ($3.64M), Netherlands ($1.18M), and Zambia ($1.1M).

Imports In 2022, United States imported $92.6M in Pharmaceutical Rubber Products, becoming the 2nd largest importer of Pharmaceutical Rubber Products in the world. At the same year, Pharmaceutical Rubber Products was the 890th most imported product in United States. United States imports Pharmaceutical Rubber Products primarily from: Thailand ($28.9M), Mexico ($18.9M), India ($12.8M), China ($7.38M), and Malaysia ($6.94M).

The fastest growing import markets in Pharmaceutical Rubber Products for United States between 2021 and 2022 were Mexico ($3.24M), India ($1.84M), and Japan ($1.69M).

COMPANIES In 2023, leading companies such as Amazon (2), CrimsonLogic (2), and IKEA Group (1) were at the forefront of shipping Pharmaceutical Rubber Products to the United States.

Latest Trends

September 2024

About

Overview In September 2024 United States' Pharmaceutical Rubber Products exports accounted up to $1.75M and imports accounted up to $8.66M, resulting in a negative trade balance of $6.9M. Between September 2023 and September 2024 the exports of United States'   Pharmaceutical Rubber Products have decreased by $-162k (-8.47%) from $1.92M to $1.75M, while imports increased by $1.25M (16.9%) from $7.41M to $8.66M.

Destinations In September 2024, Pharmaceutical Rubber Products were exported mostly to Canada ($591k), Belgium ($212k), Paraguay ($137k), Mexico ($66.3k), and Nicaragua ($62.8k), and were imported mostly from Thailand ($4.74M), India ($1.34M), China ($711k), Japan ($468k), and Brazil ($399k).

Growth In September 2024, the decrease in Pharmaceutical Rubber Products's year-by-year exports was explained primarily by a decrease in exports to Belgium ($-264k or -39.3%), Japan ($-158k or -72.3%), and China ($-141k or -43.3%). In September 2024, the increase in Pharmaceutical Rubber Products's year-by-year imports was explained primarily by an increase in imports from Germany ($3.23M or 6.92k%), Thailand ($550k or 21.4%), and China ($433k or 174%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-162k(-8.47%)
IMPORT GROWTH (September 2023 - September 2024)$1.25M(16.9%)
MAIN EXPORTER (September 2024)Illinois$878k
MAIN DESTINATION (September 2024)Canada$591k

This section shows Pharmaceutical Rubber Products'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 Pharmaceutical Rubber Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$44.4M
IMPORTS (2022)$92.6M
NET TRADE (2022)-$48.2M

In 2022, United States exported $44.4M in Pharmaceutical Rubber Products. The main destinations of United States exports on Pharmaceutical Rubber Products were Mexico ($9.95M), Canada ($6.98M), Belgium ($3.96M), China ($2.12M), and United Kingdom ($1.5M).

In 2022, United States imported $92.6M in Pharmaceutical Rubber Products, mainly from Thailand ($28.9M), Mexico ($18.9M), India ($12.8M), China ($7.38M), and Malaysia ($6.94M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical Rubber Products EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$3.64M (57.7%)
Netherlands$1.18M (1.74k%)
Zambia$1.1M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical Rubber Products BY United States WERE (2021 - 2022):
Panama-$1.64M (-54.7%)
Norway-$573k (-61%)
Mozambique-$461k (-36.1%)
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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 Pharmaceutical Rubber Products were:
Thailand $317M
China $246M
Malaysia $121M
In 2022, United States's main importing competitors in Pharmaceutical Rubber Products were:
China $110M
Germany $82.3M

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Trade Value of Pharmaceutical Rubber Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.4M
TOP IMPORT POTENTIALChina+ $4.19M

Pharmaceutical Rubber Products’s highest export potential is China. With an export gap of $1.4M.   Pharmaceutical Rubber Products’s highest import potential is China with an import gap of $4.19M.

See methodology.

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