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2022
Exports $95.2BWorld Rnk 2 / 226
Flag Rnk 6 / 96
2022
Destination $2.29B Mexico
2021 - 2022
FASTEST GROWING MARKET $2.29BCanada
2022
PRODUCT COMPLEXITY IN Plastics & articles thereof1.72Rnk 19 / 1025
2022
Imports $96.2BWorld Rnk 1 / 226
Flag Rnk 7 / 96
2022
Origin $1.93B China
2021 - 2022
FASTEST GROWING ORIGIN $1.93BChina
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $95.2B in Plastics & articles thereof, making it the 2nd largest exporter of Plastics & articles thereof in the world. At the same year, Plastics & articles thereof was the 6th most exported product in United States. The main destination of Plastics & articles thereof exports from United States are: Mexico ($21.2B), Canada ($17.4B), China ($8.53B), Germany ($3.63B), and Belgium ($3.32B).

The fastest growing export markets for Plastics & articles thereof of United States between 2021 and 2022 were Canada ($2.29B), China ($2.14B), and Mexico ($2.03B).

Imports In 2022, United States imported $96.2B in Plastics & articles thereof, becoming the 1st largest importer of Plastics & articles thereof in the world. At the same year, Plastics & articles thereof was the 7th most imported product in United States. United States imports Plastics & articles thereof primarily from: China ($28.7B), Canada ($16.2B), Mexico ($9.44B), South Korea ($5.42B), and Germany ($5.18B).

The fastest growing import markets in Plastics & articles thereof for United States between 2021 and 2022 were China ($1.93B), Mexico ($1.66B), and Germany ($1B).

COMPANIES In 2023, leading companies such as CrimsonLogic (6.29k), Cali Bamboo Flooring (3.43k), and Amazon (3.28k) were at the forefront of shipping Plastics & articles thereof to the United States.

Latest Trends

July 2024

About

Overview In July 2024 United States' Plastics & articles thereof exports accounted up to $6.79B and imports accounted up to $6.49B, resulting in a positive trade balance of $299M. Between July 2023 and July 2024 the exports of United States'   Plastics & articles thereof have increased by $697M (11.4%) from $6.1B to $6.79B, while imports increased by $568M (9.59%) from $5.92B to $6.49B.

Destinations In July 2024, Plastics & articles thereof were exported mostly to Mexico ($1.89B), Canada ($1.33B), China ($639M), Brazil ($268M), and Belgium ($267M), and were imported mostly from China ($1.79B), Canada ($1.16B), Mexico ($688M), South Korea ($386M), and Germany ($331M).

Growth In July 2024, the increase in Plastics & articles thereof's year-by-year exports was explained primarily by an increase in exports to China ($135M or 26.1%), India ($76.1M or 102%), and Brazil ($48.1M or 27%). In July 2024, the increase in Plastics & articles thereof's year-by-year imports was explained primarily by an increase in imports from Vietnam ($39.8M or 20.1%), Japan ($25.8M or 13.4%), and Singapore ($22.5M or 90.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$697M(11.4%)
IMPORT GROWTH (July 2023 - July 2024)$568M(9.59%)
MAIN EXPORTER (July 2024)Texas$2.04B
MAIN DESTINATION (July 2024)Mexico$1.89B

This section shows Plastics & articles thereof'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 Plastics & articles thereof over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$95.2B
IMPORTS (2022)$96.2B
NET TRADE (2022)-$968M

In 2022, United States exported $95.2B in Plastics & articles thereof. The main destinations of United States exports on Plastics & articles thereof were Mexico ($21.2B), Canada ($17.4B), China ($8.53B), Germany ($3.63B), and Belgium ($3.32B).

In 2022, United States imported $96.2B in Plastics & articles thereof, mainly from China ($28.7B), Canada ($16.2B), Mexico ($9.44B), South Korea ($5.42B), and Germany ($5.18B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Plastics & articles thereof EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$2.29B (15.2%)
China$2.14B (33.6%)
Mexico$2.03B (10.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Plastics & articles thereof BY United States WERE (2021 - 2022):
Russia-$163M (-73.2%)
Egypt-$81.1M (-34.5%)
Hong Kong-$36.7M (-4.66%)
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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 Plastics & articles thereof were:
China $156B
Germany $86.5B
In 2022, United States's main importing competitors in Plastics & articles thereof were:
China $73.4B
Germany $59.1B

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Trade Value of Plastics & articles thereof by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.52B
TOP IMPORT POTENTIALCanada+ $1.57B

Plastics & articles thereof’s highest export potential is China. With an export gap of $1.52B.   Plastics & articles thereof’s highest import potential is Canada with an import gap of $1.57B.

See methodology.

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