The experts of reputed import export data provider of the country, states that the us chemical industry will mark an export rise of 5.9% and an import rise of 2.4% in the present year.

Imports and exports or international trade are some of the important factors to increase the economy revenue and strengthen the relationship between the countries. Different countries in the world have their own popular products in imports and exports. When we talk about the United States of America, they are the major exporters for chemistry-based products. The chemical industry makes the keystone of the domestic economy of the country. The chemical industry is one of the oldest industries in the US and now it is the second-largest trading sector with 14% of global chemical shipments next to China.

US Trade overview of Chemical products

The negative effects of hurricanes have affected the trade of the country and the imports of chemical showed a slight fall in the year 2016. But the country has started to recover from hurricane and the industry started to grow from the year 2017. As per the latest reports, the chemical industry has turned out to be one of the important sources of strength with a steady growth of 2.5 % in 2019 and 3.0 % in 2020. The experts of reputed import export data provider of the country, states that the US chemical industry will mark an export rise of 5.9% and an import rise of 2.4% in the present year.

Export Import Data

Everyone including Importers, Exporters, Buyers, and Suppliers need accurate data of the US imports and exports of chemical products and other products. Export-Import data from trusted sources provided complete information on the US trade balance of chemical products, US chemical trade by product, US chemical imports by the country, and US chemical exports by the country.

US Trade Balance of Chemicals

Chemicals are mainly classified under two categories named Organic Chemicals and Inorganic Chemicals. Chemicals are classified under different codes in international trade. Organics Chemicals come under HS Code 29 and Inorganic Chemicals come under HS Code 28. US trade balance of organic chemicals in the year 2012 was -8458 and by 2016 it was -15833 and for inorganic chemicals, the figure in 2012 was -3106 and by 2016 it is marked at -426.

US Chemical Import partners of Country

The top 5 chemical import partners of the US for organic chemicals in terms of value are Ireland, China, Switzerland, UK and Singapore and for inorganic chemicals Canada, China, Russia, Germany, and the Netherlands.

US Chemical Export partners of the Country

The top 5 chemical export partners for organic chemicals in terms of value are Mexico, Belgium, Canada, China, and Japan and for inorganic chemicals Japan, Canada, Mexico, China, and Brazil.

Import Export data also provide detailed reports on the product-wise analysis of the chemical industry. This information is used by several entities including Consignee, Shipper, Manufacturers, Brokers, Research Companies, and Logistics and Shipping companies to grow their business.

Import Globals is one of the reputed Market Research Companies in the country to provide updated and accurate Custom Import Export Data and it covers all the important information along with the list of all of the popular chemical companies in the USA.

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