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2022
Exports $525MWorld Rnk 5 / 202
Flag Rnk 378 / 1217
2022
Destination $33.7M Canada
2021 - 2022
FASTEST GROWING MARKET $33.7MCanada
2022
PRODUCT COMPLEXITY IN Soap-1.11Rnk 858 / 1025
2022
Imports $730MWorld Rnk 1 / 223
Flag Rnk 460 / 1216
2022
Origin $61.5M Mexico
2021 - 2022
FASTEST GROWING ORIGIN $61.5MMexico
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $525M in Soap, making it the 5th largest exporter of Soap in the world. At the same year, Soap was the 378th most exported product in United States. The main destination of Soap exports from United States are: Canada ($263M), Mexico ($52.8M), Japan ($16.4M), Australia ($14.5M), and South Korea ($13.2M).

The fastest growing export markets for Soap of United States between 2021 and 2022 were Canada ($33.7M), Mexico ($7.26M), and Philippines ($6.38M).

Imports In 2022, United States imported $730M in Soap, becoming the 1st largest importer of Soap in the world. At the same year, Soap was the 460th most imported product in United States. United States imports Soap primarily from: Mexico ($232M), China ($168M), Canada ($53.5M), Turkey ($39.9M), and Italy ($29.1M).

The fastest growing import markets in Soap for United States between 2021 and 2022 were Mexico ($61.5M), Turkey ($19.2M), and Thailand ($7.73M).

COMPANIES In 2023, leading companies such as CrimsonLogic (77), Walmart (24), and 99 Cents Only Stores (18) were at the forefront of shipping Soap to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Soap exports accounted up to $110M and imports accounted up to $164M, resulting in a negative trade balance of $54M. Between August 2023 and August 2024 the exports of United States'   Soap have increased by $13M (13.3%) from $97.4M to $110M, while imports increased by $29.5M (21.8%) from $135M to $164M.

Destinations In August 2024, Soap were exported mostly to Canada ($54.4M), Mexico ($13.5M), United Kingdom ($3.84M), China ($3.29M), and Hong Kong ($2.85M), and were imported mostly from Canada ($29.6M), China ($26.8M), Mexico ($23M), South Korea ($13.5M), and Colombia ($12.9M).

Growth In August 2024, the increase in Soap's year-by-year exports was explained primarily by an increase in exports to Canada ($14.2M or 42.7%), Singapore ($4.02M or 258%), and China ($3.94M or 353%). In August 2024, the increase in Soap's year-by-year imports was explained primarily by an increase in imports from Canada ($8.9M or 43.6%), Indonesia ($2.54M or 137%), and Colombia ($2.46M or 87.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$13M(13.3%)
IMPORT GROWTH (August 2023 - August 2024)$29.5M(21.8%)
MAIN EXPORTER (August 2024)Ohio$24.9M
MAIN DESTINATION (August 2024)Canada$54.4M

This section shows Soap'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 Soap over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$525M
IMPORTS (2022)$730M
NET TRADE (2022)-$205M

In 2022, United States exported $525M in Soap. The main destinations of United States exports on Soap were Canada ($263M), Mexico ($52.8M), Japan ($16.4M), Australia ($14.5M), and South Korea ($13.2M).

In 2022, United States imported $730M in Soap, mainly from Mexico ($232M), China ($168M), Canada ($53.5M), Turkey ($39.9M), and Italy ($29.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soap EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$33.7M (14.7%)
Mexico$7.26M (15.9%)
Philippines$6.38M (97.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soap BY United States WERE (2021 - 2022):
Panama-$5.59M (-64.9%)
Singapore-$3.73M (-34.7%)
Belgium-$3.67M (-75.6%)
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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 Soap were:
Indonesia $860M
China $841M
Germany $664M
In 2022, United States's main importing competitors in Soap were:
Germany $489M
Canada $321M

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Trade Value of Soap by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $24.5M
TOP IMPORT POTENTIALCanada+ $33.7M

Soap’s highest export potential is China. With an export gap of $24.5M.   Soap’s highest import potential is Canada with an import gap of $33.7M.

See methodology.

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