2022
Exports
$2.5BWorld Rnk 3 / 210
Flag Rnk 58 / 96
2022
PRODUCT COMPLEXITY IN Wadding, felt, nonwovens, twin, ropes, & articles thereof
0.79Rnk 248 / 1025
2022
Imports
$3.09BWorld Rnk 1 / 223
Flag Rnk 73 / 96
2022
ECONOMIC COMPLEXITY of United States
1.47Rnk 10 / 133

About

Exports In 2022, United States exported $2.5B in Wadding, felt, nonwovens, twin, ropes, & articles thereof, making it the 3rd largest exporter of Wadding, felt, nonwovens, twin, ropes, & articles thereof in the world. At the same year, Wadding, felt, nonwovens, twin, ropes, & articles thereof was the 58th most exported product in United States. The main destination of Wadding, felt, nonwovens, twin, ropes, & articles thereof exports from United States are: Mexico ($638M), Canada ($563M), China ($207M), Germany ($106M), and Belgium ($103M).

The fastest growing export markets for Wadding, felt, nonwovens, twin, ropes, & articles thereof of United States between 2021 and 2022 were China ($21.3M), Costa Rica ($16.3M), and Honduras ($11.2M).

Imports In 2022, United States imported $3.09B in Wadding, felt, nonwovens, twin, ropes, & articles thereof, becoming the 1st largest importer of Wadding, felt, nonwovens, twin, ropes, & articles thereof in the world. At the same year, Wadding, felt, nonwovens, twin, ropes, & articles thereof was the 73rd most imported product in United States. United States imports Wadding, felt, nonwovens, twin, ropes, & articles thereof primarily from: China ($675M), Mexico ($251M), Germany ($236M), Canada ($235M), and Japan ($202M).

The fastest growing import markets in Wadding, felt, nonwovens, twin, ropes, & articles thereof for United States between 2021 and 2022 were Mexico ($47.2M), Japan ($25.7M), and Saudi Arabia ($19M).

COMPANIES In 2023, leading companies such as TE Connectivity (816), Itourscm (708), and CrimsonLogic (582) were at the forefront of shipping Wadding, felt, nonwovens, twin, ropes, & articles thereof to the United States.

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-22.6M(-10.3%)
IMPORT GROWTH (June 2023 - June 2024)$-957k(-0.42%)
MAIN EXPORTER (June 2024)Texas$28.6M
MAIN DESTINATION (June 2024)Mexico$63.9M

This section shows Wadding, felt, nonwovens, twin, ropes, & 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 Wadding, felt, nonwovens, twin, ropes, & articles thereof over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.5B
IMPORTS (2022)$3.09B
NET TRADE (2022)-$589M

In 2022, United States exported $2.5B in Wadding, felt, nonwovens, twin, ropes, & articles thereof. The main destinations of United States exports on Wadding, felt, nonwovens, twin, ropes, & articles thereof were Mexico ($638M), Canada ($563M), China ($207M), Germany ($106M), and Belgium ($103M).

In 2022, United States imported $3.09B in Wadding, felt, nonwovens, twin, ropes, & articles thereof, mainly from China ($675M), Mexico ($251M), Germany ($236M), Canada ($235M), and Japan ($202M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wadding, felt, nonwovens, twin, ropes, & articles thereof EXPORT MARKETS FOR United States WERE (2021 - 2022):
China$21.3M (11.5%)
Costa Rica$16.3M (84.6%)
Honduras$11.2M (23.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wadding, felt, nonwovens, twin, ropes, & articles thereof BY United States WERE (2021 - 2022):
Mexico-$62.1M (-8.87%)
Mozambique-$17.3M (-100%)
Hong Kong-$14.9M (-36.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Wadding, felt, nonwovens, twin, ropes, & articles thereof were:
China $7.71B
Germany $2.79B
In 2022, United States's main importing competitors in Wadding, felt, nonwovens, twin, ropes, & articles thereof were:
Japan $1.26B

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Trade Value of Wadding, felt, nonwovens, twin, ropes, & articles thereof by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $27.6M
TOP IMPORT POTENTIALChina+ $119M

Wadding, felt, nonwovens, twin, ropes, & articles thereof’s highest export potential is Germany. With an export gap of $27.6M.   Wadding, felt, nonwovens, twin, ropes, & articles thereof’s highest import potential is China with an import gap of $119M.

See methodology.

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