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2022
Exports $1.02BWorld Rnk 2 / 140
Flag Rnk 253 / 1217
2022
Destination $28M Canada
2021 - 2022
FASTEST GROWING MARKET $28MCanada
2022
PRODUCT COMPLEXITY IN Enzymes1.11Rnk 130 / 1025
2022
Imports $1.08BWorld Rnk 1 / 200
Flag Rnk 380 / 1216
2022
Origin $21.2M Denmark
2021 - 2022
FASTEST GROWING ORIGIN $21.2MFrance
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $1.02B in Enzymes, making it the 2nd largest exporter of Enzymes in the world. At the same year, Enzymes was the 253rd most exported product in United States. The main destination of Enzymes exports from United States are: Canada ($157M), Switzerland ($109M), China ($93.1M), Netherlands ($81.8M), and Singapore ($63M).

The fastest growing export markets for Enzymes of United States between 2021 and 2022 were Canada ($28M), China ($20.2M), and Netherlands ($7.2M).

Imports In 2022, United States imported $1.08B in Enzymes, becoming the 1st largest importer of Enzymes in the world. At the same year, Enzymes was the 380th most imported product in United States. United States imports Enzymes primarily from: Denmark ($243M), Germany ($135M), Lithuania ($113M), Japan ($97.3M), and China ($80M).

The fastest growing import markets in Enzymes for United States between 2021 and 2022 were France ($21.2M), China ($13M), and Mexico ($11.5M).

Latest Trends

June 2024

About

Overview In June 2024 United States' Enzymes exports accounted up to $77M and imports accounted up to $72.3M, resulting in a positive trade balance of $4.7M. Between June 2023 and June 2024 the exports of United States'   Enzymes have decreased by $-160M (-67.6%) from $237M to $77M, while imports increased by $1.4M (1.98%) from $70.9M to $72.3M.

Destinations In June 2024, Enzymes were exported mostly to Canada ($15.4M), China ($8.12M), Singapore ($6.74M), Germany ($5.66M), and India ($4.64M), and were imported mostly from France ($10.6M), Japan ($9.93M), Denmark ($8.91M), Switzerland ($6.36M), and Germany ($4.54M).

Growth In June 2024, the decrease in Enzymes's year-by-year exports was explained primarily by a decrease in exports to Canada ($-19.4M or -66.3%), India ($-2.37M or -46.8%), and China ($-1.54M or -26.4%). In June 2024, the increase in Enzymes's year-by-year imports was explained primarily by an increase in imports from Austria ($5.06M or 1.48k%), China ($2.78M or 72.6%), and Finland ($1.54M or 26.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-160M(-67.6%)
IMPORT GROWTH (June 2023 - June 2024)$1.4M(1.98%)
MAIN EXPORTER (June 2024)North Carolina$18.8M
MAIN DESTINATION (June 2024)Canada$15.4M

This section shows Enzymes'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 Enzymes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.02B
IMPORTS (2022)$1.08B
NET TRADE (2022)-$63.5M

In 2022, United States exported $1.02B in Enzymes. The main destinations of United States exports on Enzymes were Canada ($157M), Switzerland ($109M), China ($93.1M), Netherlands ($81.8M), and Singapore ($63M).

In 2022, United States imported $1.08B in Enzymes, mainly from Denmark ($243M), Germany ($135M), Lithuania ($113M), Japan ($97.3M), and China ($80M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Enzymes EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$28M (21.7%)
China$20.2M (27.7%)
Netherlands$7.2M (9.65%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Enzymes BY United States WERE (2021 - 2022):
Denmark-$38.1M (-54%)
Singapore-$35.7M (-36.1%)
Finland-$28.4M (-67.1%)
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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 Enzymes were:
Denmark $1.54B
Netherlands $659M
In 2022, United States's main importing competitors in Enzymes were:
Germany $605M
Netherlands $556M

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Trade Value of Enzymes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $9.1M
TOP IMPORT POTENTIALChina+ $22.9M

Enzymes’s highest export potential is Mexico. With an export gap of $9.1M.   Enzymes’s highest import potential is China with an import gap of $22.9M.

See methodology.

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