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2022
Exports $4.86MWorld Rnk 15 / 104
Flag Rnk 1110 / 1217
2022
Destination $202k Mexico
2021 - 2022
FASTEST GROWING MARKET $202kSweden
2022
Imports $24.8MWorld Rnk 4 / 163
Flag Rnk 1057 / 1216
2022
Origin $1.57M Argentina
2021 - 2022
FASTEST GROWING ORIGIN $1.57MArgentina
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $4.86M in Vegetable Tanning Extracts, making it the 15th largest exporter of Vegetable Tanning Extracts in the world. At the same year, Vegetable Tanning Extracts was the 1110th most exported product in United States. The main destination of Vegetable Tanning Extracts exports from United States are: Mexico ($561k), Canada ($515k), Republic of the Congo ($461k), Colombia ($394k), and Germany ($393k).

The fastest growing export markets for Vegetable Tanning Extracts of United States between 2021 and 2022 were Sweden ($202k), Germany ($198k), and Mexico ($158k).

Imports In 2022, United States imported $24.8M in Vegetable Tanning Extracts, becoming the 4th largest importer of Vegetable Tanning Extracts in the world. At the same year, Vegetable Tanning Extracts was the 1057th most imported product in United States. United States imports Vegetable Tanning Extracts primarily from: Argentina ($8.15M), France ($2.99M), Belgium ($2.93M), Italy ($2.82M), and Brazil ($2.77M).

The fastest growing import markets in Vegetable Tanning Extracts for United States between 2021 and 2022 were Argentina ($1.57M), Brazil ($633k), and Canada ($398k).

Latest Trends

June 2024

About

Overview In June 2024 United States' Vegetable Tanning Extracts exports accounted up to $7.43M and imports accounted up to $2.75M, resulting in a positive trade balance of $4.68M. Between June 2023 and June 2024 the exports of United States'   Vegetable Tanning Extracts have increased by $5.09M (218%) from $2.34M to $7.43M, while imports increased by $1.15M (71.2%) from $1.61M to $2.75M.

Destinations In June 2024, Vegetable Tanning Extracts were exported mostly to Malaysia ($4.62M), Singapore ($2.44M), Canada ($135k), Mexico ($119k), and Indonesia ($50.5k), and were imported mostly from Italy ($729k), Argentina ($670k), South Africa ($476k), Belgium ($371k), and France ($280k).

Growth In June 2024, the increase in Vegetable Tanning Extracts's year-by-year exports was explained primarily by an increase in exports to Australia ($132k or 1.25k%), Mexico ($50.6k or 171%), and Colombia ($24k or 153%). In June 2024, the increase in Vegetable Tanning Extracts's year-by-year imports was explained primarily by an increase in imports from Belgium ($269k or 133%), Brazil ($86.3k or 192%), and South Africa ($75.3k or 149%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$5.09M(218%)
IMPORT GROWTH (June 2023 - June 2024)$1.15M(71.2%)
MAIN EXPORTER (June 2024)Iowa$6.36M
MAIN DESTINATION (June 2024)Malaysia$4.62M

This section shows Vegetable Tanning Extracts'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 Vegetable Tanning Extracts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$4.86M
IMPORTS (2022)$24.8M
NET TRADE (2022)-$20M

In 2022, United States exported $4.86M in Vegetable Tanning Extracts. The main destinations of United States exports on Vegetable Tanning Extracts were Mexico ($561k), Canada ($515k), Republic of the Congo ($461k), Colombia ($394k), and Germany ($393k).

In 2022, United States imported $24.8M in Vegetable Tanning Extracts, mainly from Argentina ($8.15M), France ($2.99M), Belgium ($2.93M), Italy ($2.82M), and Brazil ($2.77M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Vegetable Tanning Extracts EXPORT MARKETS FOR United States WERE (2021 - 2022):
Sweden$202k (43.3k%)
Germany$198k (101%)
Mexico$158k (39.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vegetable Tanning Extracts BY United States WERE (2021 - 2022):
Spain-$281k (-49.4%)
South Africa-$267k (-80.9%)
France-$206k (-81%)
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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 Vegetable Tanning Extracts were:
Argentina $72.9M
South Africa $60M
Indonesia $54.6M
In 2022, United States's main importing competitors in Vegetable Tanning Extracts were:
India $85.5M
Italy $44.7M
China $29.6M

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Trade Value of Vegetable Tanning Extracts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $189k
TOP IMPORT POTENTIALSouth Africa+ $839k

Vegetable Tanning Extracts’s highest export potential is Mexico. With an export gap of $189k.   Vegetable Tanning Extracts’s highest import potential is South Africa with an import gap of $839k.

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