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2022
Exports $178MWorld Rnk 5 / 192
Flag Rnk 619 / 1217
2022
Destination $18M Mexico
2021 - 2022
FASTEST GROWING MARKET $18MMexico
2022
PRODUCT COMPLEXITY IN Packing Bags-1.76Rnk 978 / 1025
2022
Imports $894MWorld Rnk 1 / 223
Flag Rnk 420 / 1216
2022
Origin $26.2M India
2021 - 2022
FASTEST GROWING ORIGIN $26.2MIndia
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $178M in Packing Bags, making it the 5th largest exporter of Packing Bags in the world. At the same year, Packing Bags was the 619th most exported product in United States. The main destination of Packing Bags exports from United States are: Mexico ($101M), Canada ($18.4M), Dominican Republic ($12.5M), Ethiopia ($5.46M), and Ireland ($4.22M).

The fastest growing export markets for Packing Bags of United States between 2021 and 2022 were Mexico ($18M), Ethiopia ($3.44M), and Dominican Republic ($2.81M).

Imports In 2022, United States imported $894M in Packing Bags, becoming the 1st largest importer of Packing Bags in the world. At the same year, Packing Bags was the 420th most imported product in United States. United States imports Packing Bags primarily from: India ($357M), China ($196M), Mexico ($115M), Vietnam ($36.4M), and Thailand ($32.7M).

The fastest growing import markets in Packing Bags for United States between 2021 and 2022 were India ($26.2M), Mexico ($18.1M), and Honduras ($16.7M).

COMPANIES In 2023, leading companies such as Amazon (259), Giti Tire (90), and Samsung (83) were at the forefront of shipping Packing Bags to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Packing Bags exports accounted up to $13.5M and imports accounted up to $54.9M, resulting in a negative trade balance of $41.5M. Between June 2023 and June 2024 the exports of United States'   Packing Bags have decreased by $-2.87M (-17.6%) from $16.3M to $13.5M, while imports increased by $2.55M (4.87%) from $52.4M to $54.9M.

Destinations In June 2024, Packing Bags were exported mostly to Mexico ($6.66M), Canada ($3.1M), Dominican Republic ($898k), Costa Rica ($654k), and Vietnam ($290k), and were imported mostly from India ($21.1M), Mexico ($8.75M), China ($8.74M), Vietnam ($2.32M), and Thailand ($2.17M).

Growth In June 2024, the decrease in Packing Bags's year-by-year exports was explained primarily by a decrease in exports to Trinidad and Tobago ($-209k or -84.5%), Vietnam ($-146k or -52.3%), and New Zealand ($-109k or -89.9%). In June 2024, the increase in Packing Bags's year-by-year imports was explained primarily by an increase in imports from Honduras ($762k or 80.8%), Colombia ($474k or 142%), and Guatemala ($302k or 353%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-2.87M(-17.6%)
IMPORT GROWTH (June 2023 - June 2024)$2.55M(4.87%)
MAIN EXPORTER (June 2024)Texas$6.82M
MAIN DESTINATION (June 2024)Mexico$6.66M

This section shows Packing Bags'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 Packing Bags over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$178M
IMPORTS (2022)$894M
NET TRADE (2022)-$716M

In 2022, United States exported $178M in Packing Bags. The main destinations of United States exports on Packing Bags were Mexico ($101M), Canada ($18.4M), Dominican Republic ($12.5M), Ethiopia ($5.46M), and Ireland ($4.22M).

In 2022, United States imported $894M in Packing Bags, mainly from India ($357M), China ($196M), Mexico ($115M), Vietnam ($36.4M), and Thailand ($32.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packing Bags EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$18M (21.8%)
Ethiopia$3.44M (171%)
Dominican Republic$2.81M (28.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packing Bags BY United States WERE (2021 - 2022):
Costa Rica-$1.15M (-28%)
Colombia-$559k (-75.7%)
Vietnam-$304k (-6.8%)
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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 Packing Bags were:
China $1.74B
India $1.39B
Vietnam $639M
In 2022, United States's main importing competitors in Packing Bags were:
Japan $472M
Germany $351M

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Trade Value of Packing Bags by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $6.5M
TOP IMPORT POTENTIALChina+ $27.8M

Packing Bags’s highest export potential is Canada. With an export gap of $6.5M.   Packing Bags’s highest import potential is China with an import gap of $27.8M.

See methodology.

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