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2023
Exports $3.29MWorld Rnk 12 / 109
Flag Rnk 1128 / 1217
2023
Destination $105k Mexico
2022 - 2023
FASTEST GROWING MARKET $105kIndia
2023
PRODUCT COMPLEXITY IN Rubber Thread0.34Rnk 444 / 1025
2023
Imports $8.1MWorld Rnk 9 / 198
Flag Rnk 1124 / 1215
2023
Origin $340k China
2022 - 2023
FASTEST GROWING ORIGIN $340kChina
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $3.29M in Rubber Thread, making it the 12th largest exporter of Rubber Thread in the world. At the same year, Rubber Thread was the 1128th most exported product in United States. The main destination of Rubber Thread exports from United States are: Mexico ($743k), Canada ($594k), Germany ($406k), United Kingdom ($377k), and India ($118k).

The fastest growing export markets for Rubber Thread of United States between 2022 and 2023 were India ($105k), Ghana ($37.4k), and Chinese Taipei ($24.5k).

Imports In 2018, United States imported $8.1M in Rubber Thread, becoming the 9th largest importer of Rubber Thread in the world. At the same year, Rubber Thread was the 1124th most imported product in United States. United States imports Rubber Thread primarily from: China ($1.88M), Thailand ($1.53M), Malaysia ($1.13M), Canada ($882k), and United Kingdom ($711k).

The fastest growing import markets in Rubber Thread for United States between 2022 and 2023 were China ($340k), Canada ($321k), and India ($112k).

COMPANIES In 2023, leading companies such as Hyosung (835), Goodyear Tire and Rubber (55), and Cloud Network Technology (29) were at the forefront of shipping Rubber Thread to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Rubber Thread exports accounted up to $151k and imports accounted up to $512k, resulting in a negative trade balance of $361k. Between November 2023 and November 2024 the exports of United States'   Rubber Thread have decreased by $-102k (-40.3%) from $254k to $151k, while imports increased by $105k (25.7%) from $407k to $512k.

Destinations In November 2024, Rubber Thread were exported mostly to Mexico ($49.4k), Canada ($49.2k), Japan ($37.3k), Brazil ($6.54k), and Israel ($4.58k), and were imported mostly from China ($157k), Ireland ($120k), Thailand ($100k), United Kingdom ($73.3k), and Vietnam ($32.4k).

Growth In November 2024, the decrease in Rubber Thread's year-by-year exports was explained primarily by a decrease in exports to Belgium ($-114k or -89.2%), United Kingdom ($-111k or -97.5%), and Brazil ($-59.1k or -89%). In November 2024, the increase in Rubber Thread's year-by-year imports was explained primarily by an increase in imports from India ($65.3k or 139%), Malaysia ($34.6k or 40%), and Canada ($13.1k or 33.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-102k(-40.3%)
IMPORT GROWTH (November 2023 - November 2024)$105k(25.7%)
MAIN EXPORTER (November 2024)Texas$2.64M
MAIN DESTINATION (November 2024)Mexico$49.4k

This section shows Rubber Thread'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 Thread over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$3.29M
IMPORTS (2023)$8.1M
NET TRADE (2023)-$4.82M

In 2023, United States exported $3.29M in Rubber Thread. The main destinations of United States exports on Rubber Thread were Mexico ($743k), Canada ($594k), Germany ($406k), United Kingdom ($377k), and India ($118k).

In 2023, United States imported $8.1M in Rubber Thread, mainly from China ($1.88M), Thailand ($1.53M), Malaysia ($1.13M), Canada ($882k), and United Kingdom ($711k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Rubber Thread EXPORT MARKETS FOR United States WERE (2022 - 2023):
India$105k (819%)
Ghana$37.4k (1%)
Chinese Taipei$24.5k (304%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Thread BY United States WERE (2022 - 2023):
Brazil-$328k (-92.7%)
Jordan-$302k (-100%)
Dominican Republic-$289k (-93.9%)
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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 Rubber Thread were:
Thailand $282M
Malaysia $106M
China $53.2M
In 2023, United States's main importing competitors in Rubber Thread were:
China $240M
Vietnam $23M
Bangladesh $22.2M

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Trade Value of Rubber Thread by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $471k
TOP IMPORT POTENTIALThailand+ $1.09M

Rubber Thread’s highest export potential is China. With an export gap of $471k.   Rubber Thread’s highest import potential is Thailand with an import gap of $1.09M.

See methodology.

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