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2022
Exports $613MWorld Rnk 2 / 144
Flag Rnk 345 / 1217
2022
Destination $53.2M Canada
2021 - 2022
FASTEST GROWING MARKET $53.2MCanada
2022
PRODUCT COMPLEXITY IN Waxes0.46Rnk 381 / 1025
2022
Imports $324MWorld Rnk 2 / 203
Flag Rnk 662 / 1216
2022
Origin $15.3M Germany
2021 - 2022
FASTEST GROWING ORIGIN $15.3MGermany
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $613M in Waxes, making it the 2nd largest exporter of Waxes in the world. At the same year, Waxes was the 345th most exported product in United States. The main destination of Waxes exports from United States are: Canada ($112M), China ($91.6M), Mexico ($65.2M), Japan ($33.3M), and Belgium ($29.1M).

The fastest growing export markets for Waxes of United States between 2021 and 2022 were Canada ($53.2M), Mexico ($12M), and Japan ($8.76M).

Imports In 2022, United States imported $324M in Waxes, becoming the 2nd largest importer of Waxes in the world. At the same year, Waxes was the 662nd most imported product in United States. United States imports Waxes primarily from: Germany ($70M), Canada ($43.4M), South Korea ($29.4M), China ($18M), and Japan ($14.9M).

The fastest growing import markets in Waxes for United States between 2021 and 2022 were Germany ($15.3M), South Korea ($14.9M), and Netherlands ($7.79M).

COMPANIES In 2023, leading companies such as Continental Tire (11), Teknor Apex (3), and Dow Chemical (2) were at the forefront of shipping Waxes to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Waxes exports accounted up to $48.2M and imports accounted up to $28M, resulting in a positive trade balance of $20.2M. Between August 2023 and August 2024 the exports of United States'   Waxes have increased by $8.71M (22.1%) from $39.5M to $48.2M, while imports increased by $4.74M (20.4%) from $23.2M to $28M.

Destinations In August 2024, Waxes were exported mostly to Canada ($10.1M), China ($6.13M), Mexico ($5.77M), Brazil ($2.9M), and Austria ($2.55M), and were imported mostly from Canada ($5.61M), Germany ($5.36M), South Korea ($2.8M), India ($2.61M), and Malaysia ($2.48M).

Growth In August 2024, the increase in Waxes's year-by-year exports was explained primarily by an increase in exports to Argentina ($381k or 695%), Hong Kong ($190k or 432%), and Colombia ($126k or 24.5%). In August 2024, the increase in Waxes's year-by-year imports was explained primarily by an increase in imports from Germany ($2.22M or 54%), South Africa ($1.69M or 241%), and South Korea ($915k or 70%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$8.71M(22.1%)
IMPORT GROWTH (August 2023 - August 2024)$4.74M(20.4%)
MAIN EXPORTER (August 2024)Texas$13.6M
MAIN DESTINATION (August 2024)Canada$10.1M

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 (2022)$613M
IMPORTS (2022)$324M
NET TRADE (2022)$289M

In 2022, United States exported $613M in Waxes. The main destinations of United States exports on Waxes were Canada ($112M), China ($91.6M), Mexico ($65.2M), Japan ($33.3M), and Belgium ($29.1M).

In 2022, United States imported $324M in Waxes, mainly from Germany ($70M), Canada ($43.4M), South Korea ($29.4M), China ($18M), and Japan ($14.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Waxes EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$53.2M (90.5%)
Mexico$12M (22.6%)
Japan$8.76M (35.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Waxes BY United States WERE (2021 - 2022):
China-$6.59M (-6.72%)
Russia-$6.17M (-86.9%)
Belgium-$3.41M (-10.5%)
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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 Waxes were:
Germany $806M
China $485M
In 2022, United States's main importing competitors in Waxes were:
China $461M
Germany $251M

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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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