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Pricing

2022
Exports $127MWorld Rnk 1 / 113
Flag Rnk 692 / 1217
2022
Destination $8.39M Germany
2021 - 2022
FASTEST GROWING MARKET $8.39MSaudi Arabia
2022
Imports $57.3MWorld Rnk 1 / 161
Flag Rnk 948 / 1216
2022
Origin $3.94M Canada
2021 - 2022
FASTEST GROWING ORIGIN $3.94MUnited Kingdom
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $127M in Parachutes, making it the 1st largest exporter of Parachutes in the world. At the same year, Parachutes was the 692nd most exported product in United States. The main destination of Parachutes exports from United States are: Germany ($12.1M), Saudi Arabia ($8.43M), France ($7.62M), Canada ($7.59M), and Philippines ($7.25M).

The fastest growing export markets for Parachutes of United States between 2021 and 2022 were Saudi Arabia ($8.39M), Philippines ($7.25M), and Germany ($4.16M).

Imports In 2022, United States imported $57.3M in Parachutes, becoming the 1st largest importer of Parachutes in the world. At the same year, Parachutes was the 948th most imported product in United States. United States imports Parachutes primarily from: Canada ($16.3M), United Kingdom ($7.38M), Mexico ($5.03M), South Africa ($4.8M), and France ($4.33M).

The fastest growing import markets in Parachutes for United States between 2021 and 2022 were United Kingdom ($3.94M), Canada ($3.38M), and South Africa ($2.97M).

Latest Trends

June 2024

About

Overview In June 2024 United States' Parachutes exports accounted up to $11.2M and imports accounted up to $6.52M, resulting in a positive trade balance of $4.68M. Between June 2023 and June 2024 the exports of United States'   Parachutes have decreased by $-9.85M (-46.8%) from $21.1M to $11.2M, while imports increased by $22.3k (0.34%) from $6.5M to $6.52M.

Destinations In June 2024, Parachutes were exported mostly to Singapore ($3.07M), Turkey ($1.89M), South Korea ($784k), United Arab Emirates ($753k), and Mexico ($667k), and were imported mostly from Canada ($3.07M), United Kingdom ($1.63M), Mexico ($353k), Vietnam ($275k), and Spain ($185k).

Growth In June 2024, the decrease in Parachutes's year-by-year exports was explained primarily by a decrease in exports to Malaysia ($-969k or -94.7%), Israel ($-827k or -91.1%), and Saudi Arabia ($-495k or -92.6%). In June 2024, the increase in Parachutes's year-by-year imports was explained primarily by an increase in imports from United Kingdom ($177k or 25.2%), Netherlands ($67.2k or 92.7%), and Vietnam ($32.3k or 23.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-9.85M(-46.8%)
IMPORT GROWTH (June 2023 - June 2024)$22.3k(0.34%)
MAIN EXPORTER (June 2024)California$8.2M
MAIN DESTINATION (June 2024)Singapore$3.07M

This section shows Parachutes'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 Parachutes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$127M
IMPORTS (2022)$57.3M
NET TRADE (2022)$69.9M

In 2022, United States exported $127M in Parachutes. The main destinations of United States exports on Parachutes were Germany ($12.1M), Saudi Arabia ($8.43M), France ($7.62M), Canada ($7.59M), and Philippines ($7.25M).

In 2022, United States imported $57.3M in Parachutes, mainly from Canada ($16.3M), United Kingdom ($7.38M), Mexico ($5.03M), South Africa ($4.8M), and France ($4.33M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Parachutes EXPORT MARKETS FOR United States WERE (2021 - 2022):
Saudi Arabia$8.39M (24.4k%)
Philippines$7.25M (1%)
Germany$4.16M (52.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Parachutes BY United States WERE (2021 - 2022):
Norway-$3.46M (-35.7%)
Colombia-$2.29M (-52.7%)
China-$661k (-39.3%)
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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 Parachutes were:
Vietnam $37.5M
United Kingdom $29.9M
In 2022, United States's main importing competitors in Parachutes were:
France $43.1M
Germany $39.7M

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Trade Value of Parachutes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $1.32M
TOP IMPORT POTENTIALVietnam+ $946k

Parachutes’s highest export potential is Canada. With an export gap of $1.32M.   Parachutes’s highest import potential is Vietnam with an import gap of $946k.

See methodology.

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