Phenols in United States | The Observatory of Economic Complexity

About

Exports In 2022, United States exported $661M in Phenols, making it the 5th largest exporter of Phenols in the world. At the same year, Phenols was the 327th most exported product in United States. The main destination of Phenols exports from United States are: Canada ($107M), Netherlands ($95.8M), Mexico ($69.8M), India ($64.9M), and China ($61M).

The fastest growing export markets for Phenols of United States between 2021 and 2022 were Netherlands ($34.5M), India ($17.5M), and Brazil ($16.8M).

Imports In 2022, United States imported $324M in Phenols, becoming the 8th largest importer of Phenols in the world. At the same year, Phenols was the 661st most imported product in United States. United States imports Phenols primarily from: Japan ($94.9M), India ($73.3M), China ($45.5M), Germany ($28.2M), and Singapore ($12.9M).

The fastest growing import markets in Phenols for United States between 2021 and 2022 were China ($13.7M), India ($10.2M), and Singapore ($5.77M).

COMPANIES In 2023, leading companies such as IKEA Group (356), LG Electronics (214), and Samsung (123) were at the forefront of shipping Phenols to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Phenols exports accounted up to $39M and imports accounted up to $15.4M, resulting in a positive trade balance of $23.7M. Between June 2023 and June 2024 the exports of United States' Phenols have decreased by $-15.3M (-28.1%) from $54.3M to $39M, while imports increased by $5.64M (58%) from $9.73M to $15.4M.

Destinations In June 2024, Phenols were exported mostly to Canada ($7.28M), Mexico ($6.59M), Chile ($4.58M), Germany ($4.53M), and Belgium ($3.21M), and were imported mostly from India ($3.43M), Germany ($2.7M), China ($2.36M), Japan ($2.26M), and Chinese Taipei ($1.17M).

Growth In June 2024, the decrease in Phenols's year-by-year exports was explained primarily by a decrease in exports to Belgium ($-7.13M or -93.8%), Brazil ($-5.45M or -90.9%), and Netherlands ($-3.5M or -85.5%). In June 2024, the increase in Phenols's year-by-year imports was explained primarily by an increase in imports from Germany ($946k or 51%), Lithuania ($154k or 3.08k%), and Thailand ($84.5k or 11.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)$-15.3M(-28.1%)

IMPORT GROWTH (June 2023 - June 2024)$5.64M(58%)

MAIN EXPORTER (June 2024)Texas$27.5M

MAIN DESTINATION (June 2024)Canada$7.28M

This section shows Phenols'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 Phenols over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$661M

IMPORTS (2022)$324M

NET TRADE (2022)$337M

In 2022, United States exported $661M in Phenols. The main destinations of United States exports on Phenols were Canada ($107M), Netherlands ($95.8M), Mexico ($69.8M), India ($64.9M), and China ($61M).

In 2022, United States imported $324M in Phenols, mainly from Japan ($94.9M), India ($73.3M), China ($45.5M), Germany ($28.2M), and Singapore ($12.9M).

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