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2022
Exports $30.8MWorld Rnk 10 / 153
Flag Rnk 927 / 1217
2022
Destination $1.09M India
2021 - 2022
FASTEST GROWING MARKET $1.09MCosta Rica
2022
PRODUCT COMPLEXITY IN Insect Resins-2.5Rnk 1019 / 1025
2022
Imports $157MWorld Rnk 2 / 197
Flag Rnk 795 / 1216
2022
Origin $18.5M France
2021 - 2022
FASTEST GROWING ORIGIN $18.5MSudan
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $30.8M in Insect Resins, making it the 10th largest exporter of Insect Resins in the world. At the same year, Insect Resins was the 927th most exported product in United States. The main destination of Insect Resins exports from United States are: India ($6.03M), Canada ($4.61M), Honduras ($3.08M), Mexico ($2.24M), and Costa Rica ($1.35M).

The fastest growing export markets for Insect Resins of United States between 2021 and 2022 were Costa Rica ($1.09M), Honduras ($837k), and China ($587k).

Imports In 2022, United States imported $157M in Insect Resins, becoming the 2nd largest importer of Insect Resins in the world. At the same year, Insect Resins was the 795th most imported product in United States. United States imports Insect Resins primarily from: France ($47.6M), Sudan ($37.1M), India ($34.7M), Thailand ($7.15M), and China ($6.77M).

The fastest growing import markets in Insect Resins for United States between 2021 and 2022 were Sudan ($18.5M), France ($11.6M), and Thailand ($4.71M).

COMPANIES In 2023, leading companies such as Walmart (432), Elkem Silicones (8), and Tmall (5) were at the forefront of shipping Insect Resins to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Insect Resins exports accounted up to $3.06M and imports accounted up to $9.51M, resulting in a negative trade balance of $6.45M. Between June 2023 and June 2024 the exports of United States'   Insect Resins have increased by $827k (37%) from $2.23M to $3.06M, while imports increased by $3.09M (48.2%) from $6.42M to $9.51M.

Destinations In June 2024, Insect Resins were exported mostly to Thailand ($1.16M), Canada ($763k), Mexico ($329k), Italy ($226k), and United Kingdom ($97k), and were imported mostly from France ($5.39M), Sudan ($904k), Egypt ($603k), India ($596k), and Germany ($315k).

Growth In June 2024, the increase in Insect Resins's year-by-year exports was explained primarily by an increase in exports to South Korea ($110k or 811%), Mexico ($84.9k or 53.1%), and Trinidad and Tobago ($78.4k or 265%). In June 2024, the increase in Insect Resins's year-by-year imports was explained primarily by an increase in imports from India ($1.21M or 66.7%), United Kingdom ($357k or 480%), and Italy ($25.9k or 411%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$827k(37%)
IMPORT GROWTH (June 2023 - June 2024)$3.09M(48.2%)
MAIN EXPORTER (June 2024)New Jersey$1.29M
MAIN DESTINATION (June 2024)Thailand$1.16M

This section shows Insect Resins'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 Insect Resins over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$30.8M
IMPORTS (2022)$157M
NET TRADE (2022)-$127M

In 2022, United States exported $30.8M in Insect Resins. The main destinations of United States exports on Insect Resins were India ($6.03M), Canada ($4.61M), Honduras ($3.08M), Mexico ($2.24M), and Costa Rica ($1.35M).

In 2022, United States imported $157M in Insect Resins, mainly from France ($47.6M), Sudan ($37.1M), India ($34.7M), Thailand ($7.15M), and China ($6.77M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insect Resins EXPORT MARKETS FOR United States WERE (2021 - 2022):
Costa Rica$1.09M (421%)
Honduras$837k (37.3%)
China$587k (102%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insect Resins BY United States WERE (2021 - 2022):
United Kingdom-$365k (-26.1%)
Saudi Arabia-$353k (-100%)
Cayman Islands-$244k (-59.1%)
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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 Insect Resins were:
Sudan $194M
France $193M
Afghanistan $126M
In 2022, United States's main importing competitors in Insect Resins were:
India $260M
France $127M

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Trade Value of Insect Resins by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $1.94M
TOP IMPORT POTENTIALCanada+ $1.56M

Insect Resins’s highest export potential is India. With an export gap of $1.94M.   Insect Resins’s highest import potential is Canada with an import gap of $1.56M.

See methodology.

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