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2023
Exports $504MWorld Rnk 3 / 147
Flag Rnk 364 / 1217
2023
Destination $40.6M Canada
2022 - 2023
FASTEST GROWING MARKET $40.6MGermany
2023
PRODUCT COMPLEXITY IN Rock Wool0.69Rnk 288 / 1025
2023
Imports $420MWorld Rnk 2 / 220
Flag Rnk 570 / 1215
2023
Origin $10.1M Canada
2022 - 2023
FASTEST GROWING ORIGIN $10.1MMexico
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $504M in Rock Wool, making it the 3rd largest exporter of Rock Wool in the world. At the same year, Rock Wool was the 364th most exported product in United States. The main destination of Rock Wool exports from United States are: Canada ($173M), Mexico ($82.4M), Germany ($49M), China ($32.7M), and United Kingdom ($31.6M).

The fastest growing export markets for Rock Wool of United States between 2022 and 2023 were Germany ($40.6M), China ($20.2M), and Canada ($18.5M).

Imports In 2023, United States imported $420M in Rock Wool, becoming the 2nd largest importer of Rock Wool in the world. At the same year, Rock Wool was the 570th most imported product in United States. United States imports Rock Wool primarily from: Canada ($138M), Japan ($79.3M), Mexico ($57.3M), United Kingdom ($25M), and Germany ($21.7M).

The fastest growing import markets in Rock Wool for United States between 2022 and 2023 were Mexico ($10.1M), Hungary ($7.68M), and Canada ($6.44M).

COMPANIES In 2023, leading companies such as Hilti Power Tools (24), Robert Bosch (6), and General Motors (5) were at the forefront of shipping Rock Wool to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Rock Wool exports accounted up to $34M and imports accounted up to $43.3M, resulting in a negative trade balance of $9.33M. Between November 2023 and November 2024 the exports of United States'   Rock Wool have decreased by $-10.4M (-23.3%) from $44.4M to $34M, while imports increased by $9.95M (29.8%) from $33.4M to $43.3M.

Destinations In November 2024, Rock Wool were exported mostly to Canada ($13.4M), Mexico ($6.78M), South Korea ($1.41M), United Kingdom ($1.37M), and Brazil ($987k), and were imported mostly from Canada ($12.4M), Belgium ($9.5M), Japan ($4.69M), United Kingdom ($3.55M), and Mexico ($3.52M).

Growth In November 2024, the decrease in Rock Wool's year-by-year exports was explained primarily by a decrease in exports to Italy ($-305k or -89.5%), Chinese Taipei ($-161k or -68.8%), and Guatemala ($-134k or -83.3%). In November 2024, the increase in Rock Wool's year-by-year imports was explained primarily by an increase in imports from Canada ($6.25M or 63.7%), Hungary ($1.16M or 186%), and Poland ($857k or 121%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-10.4M(-23.3%)
IMPORT GROWTH (November 2023 - November 2024)$9.95M(29.8%)
MAIN EXPORTER (November 2024)West Virginia$6.75M
MAIN DESTINATION (November 2024)Canada$13.4M

This section shows Rock Wool'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 Rock Wool over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$504M
IMPORTS (2023)$420M
NET TRADE (2023)$84.1M

In 2023, United States exported $504M in Rock Wool. The main destinations of United States exports on Rock Wool were Canada ($173M), Mexico ($82.4M), Germany ($49M), China ($32.7M), and United Kingdom ($31.6M).

In 2023, United States imported $420M in Rock Wool, mainly from Canada ($138M), Japan ($79.3M), Mexico ($57.3M), United Kingdom ($25M), and Germany ($21.7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Rock Wool EXPORT MARKETS FOR United States WERE (2022 - 2023):
Germany$40.6M (480%)
China$20.2M (162%)
Canada$18.5M (11.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rock Wool BY United States WERE (2022 - 2023):
Poland-$8.83M (-64.9%)
South Korea-$2.45M (-17.4%)
Italy-$2.14M (-56.9%)
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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 Rock Wool were:
Germany $585M
Poland $564M
In 2023, United States's main importing competitors in Rock Wool were:
Germany $535M
Italy $311M

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Trade Value of Rock Wool by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $6.5M
TOP IMPORT POTENTIALChina+ $14M

Rock Wool’s highest export potential is Germany. With an export gap of $6.5M.   Rock Wool’s highest import potential is China with an import gap of $14M.

See methodology.

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