The shale gas revolution has elevated the U.S. chemicals industry to one of the world’s leading, low-cost suppliers of chemicals. Duty-free trade and access to key export markets are critical to helping our industry capitalize on its competitive advantage and maximize growth.
U.S. Chemicals Trade by the Numbers
$179
Billion of total U.S. exports in 2022, accounting for 10.3% of all U.S. goods exports.
138K+
Americans employed by chemistry are in export-dependent jobs
50%+
Of all U.S. chemical exports are petrochemicals & derivatives (including plastic resins)
39%
Of all U.S. chemical exports and 55% of all U.S. chemical imports are between companies and their subsidiaries
$200+
Billion in announced U.S. chemical industry investment in American shale gas, much of which is directed toward U.S. export markets
32%
Of U.S. chemical exports come from Texas, the top chemicals exporting state
$24
Billion plus U.S. industrial chemicals trade surplus in 2022.
2
Largest national markets for U.S. chemical exports in 2022 were Canada ($31 billion) and Mexico ($31 billion)
