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2023
Exports $477MWorld Rnk 2 / 140
Flag Rnk 380 / 1217
2023
Destination $2.92M Canada
2022 - 2023
FASTEST GROWING MARKET $2.92MIsrael
2023
PRODUCT COMPLEXITY IN Waxes0.63Rnk 314 / 1025
2023
Imports $276MWorld Rnk 2 / 208
Flag Rnk 667 / 1215
2023
Origin $4.4M Germany
2022 - 2023
FASTEST GROWING ORIGIN $4.4MCanada
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $477M in Waxes, making it the 2nd largest exporter of Waxes in the world. At the same year, Waxes was the 380th most exported product in United States. The main destination of Waxes exports from United States are: Canada ($85.8M), China ($84.3M), Mexico ($49.8M), Brazil ($21.1M), and India ($20.1M).

The fastest growing export markets for Waxes of United States between 2022 and 2023 were Israel ($2.92M), Sweden ($494k), and Kazakhstan ($478k).

Imports In 2023, United States imported $276M in Waxes, becoming the 2nd largest importer of Waxes in the world. At the same year, Waxes was the 667th most imported product in United States. United States imports Waxes primarily from: Germany ($49.2M), Canada ($46.4M), Malaysia ($27.6M), South Korea ($27.1M), and Japan ($23M).

The fastest growing import markets in Waxes for United States between 2022 and 2023 were Canada ($4.4M), Japan ($3.06M), and Ireland ($489k).

COMPANIES In 2024, leading companies such as Dow Chemical (22), Continental Tire (11), and Ford Motor Company (1) were at the forefront of shipping Waxes to the United States.

Latest Trends

January 2025

About

Overview In January 2025 United States' Waxes exports accounted up to $40.3M and imports accounted up to $26.2M, resulting in a positive trade balance of $14.1M. Between January 2024 and January 2025 the exports of United States'   Waxes have increased by $951k (2.42%) from $39.3M to $40.3M, while imports increased by $4.46M (20.5%) from $21.8M to $26.2M.

Destinations In January 2025, Waxes were exported mostly to China ($5.99M), Canada ($5.61M), Mexico ($5.33M), Belgium ($2.46M), and Austria ($2.25M), and were imported mostly from Germany ($3.95M), Canada ($3.33M), South Korea ($2.29M), Malaysia ($2.04M), and India ($1.86M).

Growth In January 2025, the increase in Waxes's year-by-year exports was explained primarily by an increase in exports to South Korea ($1.08M or 325%), China ($788k or 13.4%), and Israel ($784k or 830%). In January 2025, the increase in Waxes's year-by-year imports was explained primarily by an increase in imports from Canada ($1.02M or 33.3%), Chinese Taipei ($622k or 669%), and Spain ($302k or 65.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2024 - January 2025)$951k(2.42%)
IMPORT GROWTH (January 2024 - January 2025)$4.46M(20.5%)
MAIN EXPORTER (January 2025)Texas$12.2M
MAIN DESTINATION (January 2025)China$5.99M

This section shows Waxes'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 Waxes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$477M
IMPORTS (2023)$276M
NET TRADE (2023)$200M

In 2023, United States exported $477M in Waxes. The main destinations of United States exports on Waxes were Canada ($85.8M), China ($84.3M), Mexico ($49.8M), Brazil ($21.1M), and India ($20.1M).

In 2023, United States imported $276M in Waxes, mainly from Germany ($49.2M), Canada ($46.4M), Malaysia ($27.6M), South Korea ($27.1M), and Japan ($23M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Waxes EXPORT MARKETS FOR United States WERE (2022 - 2023):
Israel$2.92M (137%)
Sweden$494k (216%)
Kazakhstan$478k (581%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Waxes BY United States WERE (2022 - 2023):
China-$33.9M (-28.7%)
Canada-$24.5M (-22.2%)
Germany-$14.5M (-44.2%)
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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 Waxes were:
Germany $682M
China $452M
In 2023, United States's main importing competitors in Waxes were:
China $484M
India $205M

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Trade Value of Waxes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $7.74M
TOP IMPORT POTENTIALChina+ $12.5M

Waxes’s highest export potential is India. With an export gap of $7.74M.   Waxes’s highest import potential is China with an import gap of $12.5M.

See methodology.

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