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2022
Exports $318MWorld Rnk 2 / 104
Flag Rnk 487 / 1217
2022
Destination $27.9M United Kingdom
2021 - 2022
FASTEST GROWING MARKET $27.9MUnited Kingdom
2022
PRODUCT COMPLEXITY IN Wood Barrels0.13Rnk 510 / 1025
2022
Imports $278MWorld Rnk 1 / 188
Flag Rnk 690 / 1216
2022
Origin $80.6M France
2021 - 2022
FASTEST GROWING ORIGIN $80.6MFrance
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $318M in Wood Barrels, making it the 2nd largest exporter of Wood Barrels in the world. At the same year, Wood Barrels was the 487th most exported product in United States. The main destination of Wood Barrels exports from United States are: United Kingdom ($83.8M), Mexico ($48.4M), Ireland ($37.5M), Canada ($28.1M), and Japan ($27.3M).

The fastest growing export markets for Wood Barrels of United States between 2021 and 2022 were United Kingdom ($27.9M), Mexico ($17.4M), and Ireland ($17.1M).

Imports In 2022, United States imported $278M in Wood Barrels, becoming the 1st largest importer of Wood Barrels in the world. At the same year, Wood Barrels was the 690th most imported product in United States. United States imports Wood Barrels primarily from: France ($244M), Hungary ($5.01M), Spain ($4.19M), Vietnam ($3.63M), and Italy ($3.49M).

The fastest growing import markets in Wood Barrels for United States between 2021 and 2022 were France ($80.6M), Hungary ($2.47M), and Australia ($1.42M).

COMPANIES In 2023, leading companies such as Toyota (435), Ford Motor Company (236), and Porsche (141) were at the forefront of shipping Wood Barrels to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Wood Barrels exports accounted up to $36.5M and imports accounted up to $49.6M, resulting in a negative trade balance of $13.1M. Between June 2023 and June 2024 the exports of United States'   Wood Barrels have increased by $3.73M (11.4%) from $32.7M to $36.5M, while imports increased by $12.9M (35%) from $36.8M to $49.6M.

Destinations In June 2024, Wood Barrels were exported mostly to United Kingdom ($15.4M), Ireland ($5.09M), Spain ($3.06M), Japan ($2.73M), and Canada ($1.58M), and were imported mostly from France ($47.3M), Hungary ($790k), Austria ($386k), Spain ($362k), and Chile ($260k).

Growth In June 2024, the increase in Wood Barrels's year-by-year exports was explained primarily by an increase in exports to Ireland ($2.73M or 173%), United Kingdom ($2.63M or 92.2%), and Spain ($2.11M or 255%). In June 2024, the increase in Wood Barrels's year-by-year imports was explained primarily by an increase in imports from France ($4.35M or 144%), Mexico ($97.5k or 45.3%), and Hungary ($71.2k or 178%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$3.73M(11.4%)
IMPORT GROWTH (June 2023 - June 2024)$12.9M(35%)
MAIN EXPORTER (June 2024)Kentucky$27.6M
MAIN DESTINATION (June 2024)United Kingdom$15.4M

This section shows Wood Barrels'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 Wood Barrels over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$318M
IMPORTS (2022)$278M
NET TRADE (2022)$40.4M

In 2022, United States exported $318M in Wood Barrels. The main destinations of United States exports on Wood Barrels were United Kingdom ($83.8M), Mexico ($48.4M), Ireland ($37.5M), Canada ($28.1M), and Japan ($27.3M).

In 2022, United States imported $278M in Wood Barrels, mainly from France ($244M), Hungary ($5.01M), Spain ($4.19M), Vietnam ($3.63M), and Italy ($3.49M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Barrels EXPORT MARKETS FOR United States WERE (2021 - 2022):
United Kingdom$27.9M (49.8%)
Mexico$17.4M (55.8%)
Ireland$17.1M (84%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Barrels BY United States WERE (2021 - 2022):
Netherlands-$1.75M (-46.6%)
Thailand-$701k (-90.4%)
Slovakia-$251k (-83.1%)
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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 Wood Barrels were:
France $530M
Spain $144M
In 2022, United States's main importing competitors in Wood Barrels were:
United Kingdom $194M
Spain $90.8M

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Trade Value of Wood Barrels by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.78M
TOP IMPORT POTENTIALSpain+ $2.63M

Wood Barrels’s highest export potential is China. With an export gap of $1.78M.   Wood Barrels’s highest import potential is Spain with an import gap of $2.63M.

See methodology.

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