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2022
Exports $8.41MWorld Rnk 8 / 74
Flag Rnk 1080 / 1217
2022
Destination $557k Canada
2021 - 2022
FASTEST GROWING MARKET $557kChina
2022
Imports $35.1MWorld Rnk 2 / 156
Flag Rnk 1020 / 1216
2022
Origin $4.08M Japan
2021 - 2022
FASTEST GROWING ORIGIN $4.08MUnited Kingdom
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $8.41M in Wool Grease, making it the 8th largest exporter of Wool Grease in the world. At the same year, Wool Grease was the 1080th most exported product in United States. The main destination of Wool Grease exports from United States are: Canada ($2.85M), China ($1.32M), United Kingdom ($1.05M), Germany ($744k), and France ($416k).

The fastest growing export markets for Wool Grease of United States between 2021 and 2022 were China ($557k), France ($399k), and Turkey ($150k).

Imports In 2022, United States imported $35.1M in Wool Grease, becoming the 2nd largest importer of Wool Grease in the world. At the same year, Wool Grease was the 1020th most imported product in United States. United States imports Wool Grease primarily from: Japan ($8.41M), United Kingdom ($8.29M), China ($3.53M), Germany ($3.05M), and India ($2.79M).

The fastest growing import markets in Wool Grease for United States between 2021 and 2022 were United Kingdom ($4.08M), Italy ($1.61M), and New Zealand ($953k).

COMPANIES In 2023, leading companies such as GE RENEWABLES NORTH AMERICA LLC (24), Disney Cruise Line (11), and Costco Wholesale (7) were at the forefront of shipping Wool Grease to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Wool Grease exports accounted up to $800k and imports accounted up to $1.61M, resulting in a negative trade balance of $812k. Between June 2023 and June 2024 the exports of United States'   Wool Grease have increased by $203k (34.1%) from $596k to $800k, while imports decreased by $-949k (-37%) from $2.56M to $1.61M.

Destinations In June 2024, Wool Grease were exported mostly to United Kingdom ($250k), China ($140k), Canada ($96k), Germany ($82.9k), and France ($79k), and were imported mostly from United Kingdom ($594k), Germany ($369k), China ($276k), Uruguay ($141k), and Japan ($114k).

Growth In June 2024, the increase in Wool Grease's year-by-year exports was explained primarily by an increase in exports to Canada ($133k or 37.3%), China ($91.8k or 161%), and Germany ($82.8k or 177%). In June 2024, the decrease in Wool Grease's year-by-year imports was explained primarily by a decrease in imports from Japan ($-548k or -44.7%), United Kingdom ($-462k or -76.8%), and India ($-233k or -80.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$203k(34.1%)
IMPORT GROWTH (June 2023 - June 2024)$-949k(-37%)
MAIN EXPORTER (June 2024)Pennsylvania$656k
MAIN DESTINATION (June 2024)United Kingdom$250k

This section shows Wool Grease'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 Wool Grease over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$8.41M
IMPORTS (2022)$35.1M
NET TRADE (2022)-$26.6M

In 2022, United States exported $8.41M in Wool Grease. The main destinations of United States exports on Wool Grease were Canada ($2.85M), China ($1.32M), United Kingdom ($1.05M), Germany ($744k), and France ($416k).

In 2022, United States imported $35.1M in Wool Grease, mainly from Japan ($8.41M), United Kingdom ($8.29M), China ($3.53M), Germany ($3.05M), and India ($2.79M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wool Grease EXPORT MARKETS FOR United States WERE (2021 - 2022):
China$557k (73.2%)
France$399k (2.41k%)
Turkey$150k (59.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wool Grease BY United States WERE (2021 - 2022):
Canada-$362k (-11.3%)
United Kingdom-$271k (-20.5%)
Singapore-$87.9k (-41.4%)
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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 Wool Grease were:
China $76M
United Kingdom $50.3M
Japan $25.8M
In 2022, United States's main importing competitors in Wool Grease were:
Germany $47.9M
United Kingdom $29.8M

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Trade Value of Wool Grease by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $224k
TOP IMPORT POTENTIALChina+ $1.42M

Wool Grease’s highest export potential is Germany. With an export gap of $224k.   Wool Grease’s highest import potential is China with an import gap of $1.42M.

See methodology.

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