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2022
Exports $14.7BWorld Rnk 4 / 226
Flag Rnk 20 / 96
2022
Destination $609M Mexico
2021 - 2022
FASTEST GROWING MARKET $609MMexico
2022
PRODUCT COMPLEXITY IN Rubber & articles thereof0.93Rnk 199 / 1025
2022
Imports $36.1BWorld Rnk 1 / 226
Flag Rnk 17 / 96
2022
Origin $595M Thailand
2021 - 2022
FASTEST GROWING ORIGIN $595MMexico
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $14.7B in Rubber & articles thereof, making it the 4th largest exporter of Rubber & articles thereof in the world. At the same year, Rubber & articles thereof was the 20th most exported product in United States. The main destination of Rubber & articles thereof exports from United States are: Mexico ($3.87B), Canada ($3.67B), Brazil ($644M), Australia ($589M), and Germany ($490M).

The fastest growing export markets for Rubber & articles thereof of United States between 2021 and 2022 were Mexico ($609M), Canada ($256M), and Brazil ($131M).

Imports In 2022, United States imported $36.1B in Rubber & articles thereof, becoming the 1st largest importer of Rubber & articles thereof in the world. At the same year, Rubber & articles thereof was the 17th most imported product in United States. United States imports Rubber & articles thereof primarily from: Thailand ($5.24B), Mexico ($3.81B), China ($3.19B), Canada ($3.1B), and Japan ($2.71B).

The fastest growing import markets in Rubber & articles thereof for United States between 2021 and 2022 were Mexico ($595M), Japan ($499M), and India ($356M).

COMPANIES In 2023, leading companies such as Continental Tire (13.7k), Yokohama Industries (7.5k), and Pirelli Tires (6.18k) were at the forefront of shipping Rubber & articles thereof to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Rubber & articles thereof exports accounted up to $1.24B and imports accounted up to $2.68B, resulting in a negative trade balance of $1.44B. Between June 2023 and June 2024 the exports of United States'   Rubber & articles thereof have decreased by $-33.4M (-2.63%) from $1.27B to $1.24B, while imports increased by $3.37M (0.13%) from $2.67B to $2.68B.

Destinations In June 2024, Rubber & articles thereof were exported mostly to Mexico ($358M), Canada ($354M), Australia ($54.5M), Brazil ($43.8M), and Belgium ($41.4M), and were imported mostly from Thailand ($371M), Mexico ($365M), Canada ($265M), China ($199M), and Japan ($180M).

Growth In June 2024, the decrease in Rubber & articles thereof's year-by-year exports was explained primarily by a decrease in exports to Russia ($-12.1M or -98.2%), Australia ($-8.12M or -20.4%), and Japan ($-7.87M or -31.6%). In June 2024, the increase in Rubber & articles thereof's year-by-year imports was explained primarily by an increase in imports from Mexico ($46.4M or 16.6%), India ($19.1M or 23.4%), and Cambodia ($18.9M or 14k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-33.4M(-2.63%)
IMPORT GROWTH (June 2023 - June 2024)$3.37M(0.13%)
MAIN EXPORTER (June 2024)Texas$210M
MAIN DESTINATION (June 2024)Mexico$358M

This section shows Rubber & 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 Rubber & articles thereof over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$14.7B
IMPORTS (2022)$36.1B
NET TRADE (2022)-$21.4B

In 2022, United States exported $14.7B in Rubber & articles thereof. The main destinations of United States exports on Rubber & articles thereof were Mexico ($3.87B), Canada ($3.67B), Brazil ($644M), Australia ($589M), and Germany ($490M).

In 2022, United States imported $36.1B in Rubber & articles thereof, mainly from Thailand ($5.24B), Mexico ($3.81B), China ($3.19B), Canada ($3.1B), and Japan ($2.71B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber & articles thereof EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$609M (18.7%)
Canada$256M (7.48%)
Brazil$131M (25.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber & articles thereof BY United States WERE (2021 - 2022):
Russia-$117M (-81.7%)
China-$19.8M (-4.11%)
Chinese Taipei-$15.9M (-15.2%)
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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 Rubber & articles thereof were:
China $33.5B
Thailand $20.1B
Germany $17.1B
In 2022, United States's main importing competitors in Rubber & articles thereof were:
China $17.3B
Germany $16.5B

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Trade Value of Rubber & articles thereof by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $279M
TOP IMPORT POTENTIALChina+ $1.04B

Rubber & articles thereof’s highest export potential is China. With an export gap of $279M.   Rubber & articles thereof’s highest import potential is China with an import gap of $1.04B.

See methodology.

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