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2022
Exports $69.2MWorld Rnk 9 / 84
Flag Rnk 814 / 1217
2022
Destination $15M India
2021 - 2022
FASTEST GROWING MARKET $15MIndia
2022
PRODUCT COMPLEXITY IN Scrap Vessels-1.24Rnk 890 / 1025
2022
Imports $4.08MWorld Rnk 18 / 100
Flag Rnk 1166 / 1216
2022
Origin $3.4M Singapore
2021 - 2022
FASTEST GROWING ORIGIN $3.4MSingapore
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $69.2M in Scrap Vessels, making it the 9th largest exporter of Scrap Vessels in the world. At the same year, Scrap Vessels was the 814th most exported product in United States. The main destination of Scrap Vessels exports from United States are: India ($67M), Indonesia ($1.46M), Ecuador ($282k), Azerbaijan ($260k), and Malaysia ($94.3k).

The fastest growing export markets for Scrap Vessels of United States between 2021 and 2022 were India ($15M), Indonesia ($1.46M), and Ecuador ($282k).

Imports In 2022, United States imported $4.08M in Scrap Vessels, becoming the 18th largest importer of Scrap Vessels in the world. At the same year, Scrap Vessels was the 1166th most imported product in United States. United States imports Scrap Vessels primarily from: Singapore ($4M), United Kingdom ($28k), Netherlands ($25k), Colombia ($9.26k), and Sweden ($7.12k).

The fastest growing import markets in Scrap Vessels for United States between 2021 and 2022 were Singapore ($3.4M), United Kingdom ($26.6k), and Colombia ($9.26k).

COMPANIES In 2023, leading companies such as Amazon (15), Home Depot (7), and Walmart (3) were at the forefront of shipping Scrap Vessels to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Scrap Vessels exports accounted up to $0 and imports accounted up to $65.1k, resulting in a negative trade balance of $65.1k. Between May 2023 and June 2024 the exports of United States'   Scrap Vessels have remained the same by $0 (N/A%) from $0 to $0, while imports increased by $65.1k (N/A%) from $0 to $65.1k.

Destinations In June 2024, Scrap Vessels were exported mostly to Switzerland ($0) and Mexico ($0), and were imported mostly from Netherlands ($65.1k), India ($0), South Korea ($0), and Canada ($0).

Growth In June 2024, the change in Scrap Vessels's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the increase in Scrap Vessels's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
IMPORT GROWTH (April 2023 - June 2024)$65.1k(N/A%)
MAIN EXPORTER (June 2024)Michigan$22.8k
MAIN DESTINATION (June 2024)Switzerland$0

This section shows Scrap Vessels'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 Scrap Vessels over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$69.2M
IMPORTS (2022)$4.08M
NET TRADE (2022)$65.2M

In 2022, United States exported $69.2M in Scrap Vessels. The main destinations of United States exports on Scrap Vessels were India ($67M), Indonesia ($1.46M), Ecuador ($282k), Azerbaijan ($260k), and Malaysia ($94.3k).

In 2022, United States imported $4.08M in Scrap Vessels, mainly from Singapore ($4M), United Kingdom ($28k), Netherlands ($25k), Colombia ($9.26k), and Sweden ($7.12k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Vessels EXPORT MARKETS FOR United States WERE (2021 - 2022):
India$15M (28.9%)
Indonesia$1.46M (1%)
Ecuador$282k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Vessels BY United States WERE (2021 - 2022):
Turkey-$4.2M (-100%)
Pakistan-$2.4M (-99.8%)
Denmark-$39.2k (-100%)
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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 Scrap Vessels were:
Thailand $271M
South Korea $195M
Japan $175M
In 2022, United States's main importing competitors in Scrap Vessels were:
India $713M
Thailand $257M
Pakistan $240M

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Trade Value of Scrap Vessels by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $687k
TOP IMPORT POTENTIALNetherlands+ $73.2k

Scrap Vessels’s highest export potential is Indonesia. With an export gap of $687k.   Scrap Vessels’s highest import potential is Netherlands with an import gap of $73.2k.

See methodology.

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