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2022
Exports $393MWorld Rnk 3 / 93
Flag Rnk 450 / 1217
2022
Destination $21.8M Mexico
2021 - 2022
FASTEST GROWING MARKET $21.8MCanada
2022
PRODUCT COMPLEXITY IN Bovine, Sheep, and Goat Fat-0.5Rnk 698 / 1025
2022
Imports $1.04BWorld Rnk 1 / 156
Flag Rnk 386 / 1216
2022
Origin $199M Canada
2021 - 2022
FASTEST GROWING ORIGIN $199MAustralia
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $393M in Bovine, Sheep, and Goat Fat, making it the 3rd largest exporter of Bovine, Sheep, and Goat Fat in the world. At the same year, Bovine, Sheep, and Goat Fat was the 450th most exported product in United States. The main destination of Bovine, Sheep, and Goat Fat exports from United States are: Mexico ($150M), Singapore ($112M), Canada ($106M), Malaysia ($16.8M), and Guatemala ($3.96M).

The fastest growing export markets for Bovine, Sheep, and Goat Fat of United States between 2021 and 2022 were Canada ($21.8M), Malaysia ($16.8M), and Haiti ($641k).

Imports In 2022, United States imported $1.04B in Bovine, Sheep, and Goat Fat, becoming the 1st largest importer of Bovine, Sheep, and Goat Fat in the world. At the same year, Bovine, Sheep, and Goat Fat was the 386th most imported product in United States. United States imports Bovine, Sheep, and Goat Fat primarily from: Canada ($437M), Australia ($315M), New Zealand ($124M), Brazil ($92M), and Uruguay ($55.1M).

The fastest growing import markets in Bovine, Sheep, and Goat Fat for United States between 2021 and 2022 were Australia ($199M), Canada ($157M), and Brazil ($78.7M).

COMPANIES In 2023, leading companies such as Gildan Activewear (1) were at the forefront of shipping Bovine, Sheep, and Goat Fat to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Bovine, Sheep, and Goat Fat exports accounted up to $29.9M and imports accounted up to $37.9M, resulting in a negative trade balance of $8.05M. Between June 2023 and June 2024 the exports of United States'   Bovine, Sheep, and Goat Fat have increased by $19.3M (181%) from $10.6M to $29.9M, while imports decreased by $-45.2M (-54.4%) from $83.2M to $37.9M.

Destinations In June 2024, Bovine, Sheep, and Goat Fat were exported mostly to Canada ($19.6M), Mexico ($5.28M), Singapore ($4.83M), China ($200k), and Hong Kong ($0), and were imported mostly from Canada ($17.8M), Brazil ($16M), Mexico ($1.77M), Australia ($1.51M), and New Zealand ($772k).

Growth In June 2024, the increase in Bovine, Sheep, and Goat Fat's year-by-year exports was explained primarily by an increase in exports to Canada ($1.39M or 18.9%). In June 2024, the decrease in Bovine, Sheep, and Goat Fat's year-by-year imports was explained primarily by a decrease in imports from New Zealand ($-2.19M or -99.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$19.3M(181%)
IMPORT GROWTH (June 2023 - June 2024)$-45.2M(-54.4%)
MAIN EXPORTER (June 2024)Texas$23.9M
MAIN DESTINATION (June 2024)Canada$19.6M

This section shows Bovine, Sheep, and Goat Fat'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 Bovine, Sheep, and Goat Fat over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$393M
IMPORTS (2022)$1.04B
NET TRADE (2022)-$650M

In 2022, United States exported $393M in Bovine, Sheep, and Goat Fat. The main destinations of United States exports on Bovine, Sheep, and Goat Fat were Mexico ($150M), Singapore ($112M), Canada ($106M), Malaysia ($16.8M), and Guatemala ($3.96M).

In 2022, United States imported $1.04B in Bovine, Sheep, and Goat Fat, mainly from Canada ($437M), Australia ($315M), New Zealand ($124M), Brazil ($92M), and Uruguay ($55.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Bovine, Sheep, and Goat Fat EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$21.8M (26%)
Malaysia$16.8M (1%)
Haiti$641k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bovine, Sheep, and Goat Fat BY United States WERE (2021 - 2022):
Singapore-$112M (-50%)
Mexico-$104M (-40.9%)
Honduras-$11.5M (-86.8%)
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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 Bovine, Sheep, and Goat Fat were:
Australia $683M
Canada $450M
In 2022, United States's main importing competitors in Bovine, Sheep, and Goat Fat were:
Singapore $575M
Netherlands $225M

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Trade Value of Bovine, Sheep, and Goat Fat by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.12M
TOP IMPORT POTENTIALArgentina+ $4.97M

Bovine, Sheep, and Goat Fat’s highest export potential is China. With an export gap of $2.12M.   Bovine, Sheep, and Goat Fat’s highest import potential is Argentina with an import gap of $4.97M.

See methodology.

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