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Exports In 2022, United States exported $20.3M in Nitric Acids, making it the 5th largest exporter of Nitric Acids in the world. At the same year, Nitric Acids was the 979th most exported product in United States. The main destination of Nitric Acids exports from United States are: Canada ($8.01M), Mexico ($5.3M), Suriname ($3.76M), Israel ($505k), and Ireland ($481k).

The fastest growing export markets for Nitric Acids of United States between 2021 and 2022 were Suriname ($2.83M), Canada ($2.71M), and Mexico ($1.85M).

Imports In 2022, United States imported $12.1M in Nitric Acids, becoming the 13th largest importer of Nitric Acids in the world. At the same year, Nitric Acids was the 1109th most imported product in United States. United States imports Nitric Acids primarily from: Canada ($7.85M), South Korea ($1.08M), China ($813k), Chinese Taipei ($756k), and France ($747k).

The fastest growing import markets in Nitric Acids for United States between 2021 and 2022 were China ($795k), Chinese Taipei ($719k), and France ($716k).

Historical Data

Trade Balance

Color
EXPORTS (2022)$20.3M
IMPORTS (2022)$12.1M
NET TRADE (2022)$8.23M

In 2022, United States exported $20.3M in Nitric Acids. The main destinations of United States exports on Nitric Acids were Canada ($8.01M), Mexico ($5.3M), Suriname ($3.76M), Israel ($505k), and Ireland ($481k).

In 2022, United States imported $12.1M in Nitric Acids, mainly from Canada ($7.85M), South Korea ($1.08M), China ($813k), Chinese Taipei ($756k), and France ($747k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nitric Acids EXPORT MARKETS FOR United States WERE (2021 - 2022):
Suriname$2.83M (301%)
Canada$2.71M (51.2%)
Mexico$1.85M (53.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nitric Acids BY United States WERE (2021 - 2022):
China-$342k (-60.8%)
Chinese Taipei-$72.8k (-18.9%)
Japan-$36.4k (-68.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, United States's main exporting competitors in Nitric Acids were:
In 2022, United States's main importing competitors in Nitric Acids were:
Germany $83.3M
France $64.3M
Japan $47.6M

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Trade Value of Nitric Acids by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $336k
TOP IMPORT POTENTIALSouth Korea+ $614k

Nitric Acids’s highest export potential is China. With an export gap of $336k.   Nitric Acids’s highest import potential is South Korea with an import gap of $614k.

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