Raw Cork in United States | The Observatory of Economic Complexity

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Exports In 2022, United States exported $4.54M in Raw Cork, making it the 8th largest exporter of Raw Cork in the world. At the same year, Raw Cork was the 1117th most exported product in United States. The main destination of Raw Cork exports from United States are: Portugal ($1.86M), Mexico ($1.82M), Costa Rica ($88.7k), India ($87k), and Vietnam ($78.1k).

The fastest growing export markets for Raw Cork of United States between 2021 and 2022 were Mexico ($1.65M), Portugal ($1.35M), and India ($43.5k).

Imports In 2022, United States imported $4.7M in Raw Cork, becoming the 8th largest importer of Raw Cork in the world. At the same year, Raw Cork was the 1161st most imported product in United States. United States imports Raw Cork primarily from: Portugal ($3.95M), China ($247k), Sweden ($153k), United Kingdom ($138k), and South Korea ($79.9k).

The fastest growing import markets in Raw Cork for United States between 2021 and 2022 were Sweden ($153k), China ($149k), and United Kingdom ($102k).

COMPANIES In 2023, leading companies such as PERNOD RICARD USA (125), GLOBAL ETRADE SERVICES INC (57), and MAGICAL CRUISE COMPANY LIMITED (52) were at the forefront of shipping Raw Cork to the United States.

Latest Trends

February 2024

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Overview In February 2024 United States' Raw Cork exports accounted up to $60.5k and imports accounted up to $529k, resulting in a negative trade balance of $468k. Between February 2023 and February 2024 the exports of United States' Raw Cork have decreased by $-300k (-83.2%) from $361k to $60.5k, while imports increased by $220k (71.5%) from $308k to $529k.

Destinations In February 2024, Raw Cork were exported mostly to Vietnam ($22.1k), Pakistan ($14.4k), Indonesia ($7.17k), South Africa ($6.27k), and Brazil ($5.56k), and were imported mostly from Portugal ($458k), Paraguay ($58.4k), China ($6.29k), France ($4.11k), and Mexico ($2.18k).

Growth In February 2024, the decrease in Raw Cork's year-by-year exports was explained primarily by a decrease in exports to China ($-3.29k or -44.1%). In February 2024, the increase in Raw Cork's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-300k(-83.2%)

IMPORT GROWTH (February 2023 - February 2024)$220k(71.5%)

MAIN EXPORTER (February 2024)Michigan$41.5k

MAIN DESTINATION (February 2024)Vietnam$22.1k

This section shows Raw Cork'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 Raw Cork over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$4.54M

IMPORTS (2022)$4.7M

NET TRADE (2022)-$161k

In 2022, United States exported $4.54M in Raw Cork. The main destinations of United States exports on Raw Cork were Portugal ($1.86M), Mexico ($1.82M), Costa Rica ($88.7k), India ($87k), and Vietnam ($78.1k).

In 2022, United States imported $4.7M in Raw Cork, mainly from Portugal ($3.95M), China ($247k), Sweden ($153k), United Kingdom ($138k), and South Korea ($79.9k).

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