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2022
Exports $411MWorld Rnk 7 / 204
Flag Rnk 85 / 96
2022
Destination $7.25M Mexico
2021 - 2022
FASTEST GROWING MARKET $7.25MMexico
2022
PRODUCT COMPLEXITY IN Special woven fabrics and tapestries0.3Rnk 447 / 1025
2022
Imports $990MWorld Rnk 1 / 222
Flag Rnk 86 / 96
2022
Origin $21.8M China
2021 - 2022
FASTEST GROWING ORIGIN $21.8MChina
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $411M in Special woven fabrics and tapestries, making it the 7th largest exporter of Special woven fabrics and tapestries in the world. At the same year, Special woven fabrics and tapestries was the 85th most exported product in United States. The main destination of Special woven fabrics and tapestries exports from United States are: Mexico ($200M), Canada ($54.5M), Dominican Republic ($15.7M), United Kingdom ($11.6M), and China ($10.6M).

The fastest growing export markets for Special woven fabrics and tapestries of United States between 2021 and 2022 were Mexico ($7.25M), Canada ($7.06M), and Dominican Republic ($4.47M).

Imports In 2022, United States imported $990M in Special woven fabrics and tapestries, becoming the 1st largest importer of Special woven fabrics and tapestries in the world. At the same year, Special woven fabrics and tapestries was the 86th most imported product in United States. United States imports Special woven fabrics and tapestries primarily from: China ($344M), Chinese Taipei ($160M), Mexico ($88.1M), India ($56.4M), and Vietnam ($46.8M).

The fastest growing import markets in Special woven fabrics and tapestries for United States between 2021 and 2022 were China ($21.8M), Vietnam ($16.1M), and Chinese Taipei ($15.1M).

COMPANIES In 2023, leading companies such as IKEA Group (314), Sobel Westex (280), and CrimsonLogic (276) were at the forefront of shipping Special woven fabrics and tapestries to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Special woven fabrics and tapestries exports accounted up to $33.3M and imports accounted up to $72.1M, resulting in a negative trade balance of $38.8M. Between June 2023 and June 2024 the exports of United States'   Special woven fabrics and tapestries have decreased by $-659k (-1.94%) from $34M to $33.3M, while imports increased by $6.39M (9.72%) from $65.7M to $72.1M.

Destinations In June 2024, Special woven fabrics and tapestries were exported mostly to Mexico ($17.1M), Canada ($5.33M), Dominican Republic ($1.48M), United Kingdom ($1.18M), and China ($900k), and were imported mostly from China ($20M), Chinese Taipei ($13M), India ($6.45M), Mexico ($5.94M), and Italy ($3.89M).

Growth In June 2024, the decrease in Special woven fabrics and tapestries's year-by-year exports was explained primarily by a decrease in exports to Honduras ($-620k or -69.9%), Vietnam ($-477k or -73.7%), and Singapore ($-228k or -66.2%). In June 2024, the increase in Special woven fabrics and tapestries's year-by-year imports was explained primarily by an increase in imports from France ($674k or 61.6%), Vietnam ($588k or 30.6%), and Mexico ($578k or 17%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-659k(-1.94%)
IMPORT GROWTH (June 2023 - June 2024)$6.39M(9.72%)
MAIN EXPORTER (June 2024)Texas$9.18M
MAIN DESTINATION (June 2024)Mexico$17.1M

This section shows Special woven fabrics and tapestries'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 Special woven fabrics and tapestries over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$411M
IMPORTS (2022)$990M
NET TRADE (2022)-$580M

In 2022, United States exported $411M in Special woven fabrics and tapestries. The main destinations of United States exports on Special woven fabrics and tapestries were Mexico ($200M), Canada ($54.5M), Dominican Republic ($15.7M), United Kingdom ($11.6M), and China ($10.6M).

In 2022, United States imported $990M in Special woven fabrics and tapestries, mainly from China ($344M), Chinese Taipei ($160M), Mexico ($88.1M), India ($56.4M), and Vietnam ($46.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Special woven fabrics and tapestries EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$7.25M (3.75%)
Canada$7.06M (14.9%)
Dominican Republic$4.47M (39.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special woven fabrics and tapestries BY United States WERE (2021 - 2022):
Nicaragua-$9.52M (-59.3%)
Honduras-$4.72M (-39.9%)
China-$1.43M (-11.8%)
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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 Special woven fabrics and tapestries were:
China $5.74B
Chinese Taipei $592M
Italy $558M
In 2022, United States's main importing competitors in Special woven fabrics and tapestries were:
Vietnam $988M
Bangladesh $588M

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Trade Value of Special woven fabrics and tapestries by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $5.14M
TOP IMPORT POTENTIALChina+ $34.9M

Special woven fabrics and tapestries’s highest export potential is China. With an export gap of $5.14M.   Special woven fabrics and tapestries’s highest import potential is China with an import gap of $34.9M.

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