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2022
Exports $2.4BWorld Rnk 7 / 201
Flag Rnk 59 / 96
2022
Destination $114M Mexico
2021 - 2022
FASTEST GROWING MARKET $114MMexico
2022
PRODUCT COMPLEXITY IN Sugars & confectioneries-0.11Rnk 587 / 1025
2022
Imports $6.03BWorld Rnk 1 / 224
Flag Rnk 50 / 96
2022
Origin $362M Mexico
2021 - 2022
FASTEST GROWING ORIGIN $362MMexico
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $2.4B in Sugars & confectioneries, making it the 7th largest exporter of Sugars & confectioneries in the world. At the same year, Sugars & confectioneries was the 59th most exported product in United States. The main destination of Sugars & confectioneries exports from United States are: Mexico ($739M), Canada ($612M), China ($158M), Japan ($117M), and New Zealand ($88.9M).

The fastest growing export markets for Sugars & confectioneries of United States between 2021 and 2022 were Mexico ($114M), Canada ($91.7M), and China ($39.8M).

Imports In 2018, United States imported $6.03B in Sugars & confectioneries, becoming the 1st largest importer of Sugars & confectioneries in the world. At the same year, Sugars & confectioneries was the 50th most imported product in United States. United States imports Sugars & confectioneries primarily from: Mexico ($1.82B), Canada ($1.04B), Germany ($336M), China ($260M), and Brazil ($253M).

The fastest growing import markets in Sugars & confectioneries for United States between 2021 and 2022 were Mexico ($362M), Canada ($142M), and China ($72.7M).

COMPANIES In 2023, leading companies such as IKEA Group (7.27k), Storck (3.4k), and Walmart (209) were at the forefront of shipping Sugars & confectioneries to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Sugars & confectioneries exports accounted up to $246M and imports accounted up to $542M, resulting in a negative trade balance of $296M. Between June 2023 and June 2024 the exports of United States'   Sugars & confectioneries have increased by $16.5M (7.19%) from $229M to $246M, while imports decreased by $-16.3M (-2.92%) from $559M to $542M.

Destinations In June 2024, Sugars & confectioneries were exported mostly to Mexico ($115M), Canada ($56.7M), China ($9.12M), Japan ($7.99M), and United Kingdom ($4.74M), and were imported mostly from Mexico ($145M), Canada ($85.4M), Honduras ($32.4M), Brazil ($31.6M), and Dominican Republic ($31.2M).

Growth In June 2024, the increase in Sugars & confectioneries's year-by-year exports was explained primarily by an increase in exports to Canada ($16.9M or 40.9%), Japan ($6.23M or 95.8%), and Mexico ($2.77M or 4.51%). In June 2024, the decrease in Sugars & confectioneries's year-by-year imports was explained primarily by a decrease in imports from Nicaragua ($-29.1M or -85.1%), Paraguay ($-14.9M or -98.1%), and El Salvador ($-4.95M or -60.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$16.5M(7.19%)
IMPORT GROWTH (June 2023 - June 2024)$-16.3M(-2.92%)
MAIN EXPORTER (June 2024)Iowa$48.6M
MAIN DESTINATION (June 2024)Mexico$115M

This section shows Sugars & confectioneries'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 Sugars & confectioneries over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.4B
IMPORTS (2022)$6.03B
NET TRADE (2022)-$3.64B

In 2022, United States exported $2.4B in Sugars & confectioneries. The main destinations of United States exports on Sugars & confectioneries were Mexico ($739M), Canada ($612M), China ($158M), Japan ($117M), and New Zealand ($88.9M).

In 2022, United States imported $6.03B in Sugars & confectioneries, mainly from Mexico ($1.82B), Canada ($1.04B), Germany ($336M), China ($260M), and Brazil ($253M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Sugars & confectioneries EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$114M (18.3%)
Canada$91.7M (17.6%)
China$39.8M (33.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sugars & confectioneries BY United States WERE (2021 - 2022):
South Korea-$6.55M (-13.5%)
Vietnam-$5.24M (-17.1%)
Austria-$4.09M (-87.2%)
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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 Sugars & confectioneries were:
Brazil $11.7B
India $6.72B
Thailand $3.94B
In 2022, United States's main importing competitors in Sugars & confectioneries were:
China $3.19B
Indonesia $2.8B

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Trade Value of Sugars & confectioneries by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $33.8M
TOP IMPORT POTENTIALBrazil+ $159M

Sugars & confectioneries’s highest export potential is China. With an export gap of $33.8M.   Sugars & confectioneries’s highest import potential is Brazil with an import gap of $159M.

See methodology.

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