Molasses in United States | The Observatory of Economic Complexity

About

Exports In 2022, United States exported $41.9M in Molasses, making it the 10th largest exporter of Molasses in the world. At the same year, Molasses was the 891st most exported product in United States. The main destination of Molasses exports from United States are: Canada ($17.9M), United Kingdom ($8.74M), Mexico ($3.93M), Ireland ($3.01M), and Denmark ($2.08M).

The fastest growing export markets for Molasses of United States between 2021 and 2022 were United Kingdom ($3.71M), Mexico ($2.99M), and Ireland ($2.42M).

Imports In 2022, United States imported $180M in Molasses, becoming the 1st largest importer of Molasses in the world. At the same year, Molasses was the 774th most imported product in United States. United States imports Molasses primarily from: Guatemala ($42.3M), El Salvador ($31.8M), Honduras ($24.1M), Dominican Republic ($18M), and Nicaragua ($16.3M).

The fastest growing import markets in Molasses for United States between 2021 and 2022 were Honduras ($14.2M), El Salvador ($11.9M), and Nicaragua ($10.2M).

COMPANIES In 2023, leading companies such as AMAZON SERVICES LLC (232), TRUMPF INC (147), and WALGREEN CO. (24) were at the forefront of shipping Molasses to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United States' Molasses exports accounted up to $2.31M and imports accounted up to $27M, resulting in a negative trade balance of $24.7M. Between January 2023 and January 2024 the exports of United States' Molasses have decreased by $-1.42M (-38.1%) from $3.74M to $2.31M, while imports increased by $13.4M (98.2%) from $13.6M to $27M.

Destinations In January 2024, Molasses were exported mostly to Canada ($1.87M), United Kingdom ($135k), Mexico ($108k), Saudi Arabia ($53.3k), and Bahamas ($52k), and were imported mostly from Guatemala ($7.74M), Nicaragua ($6.31M), Honduras ($4.79M), El Salvador ($4.09M), and Brazil ($3.82M).

Growth In January 2024, the decrease in Molasses's year-by-year exports was explained primarily by a decrease in exports to Mexico ($-98.1k or -64.7%), United Kingdom ($-38k or -37.1%), and Taiwan ($-11.3k or -29.5%). In January 2024, the increase in Molasses's year-by-year imports was explained primarily by an increase in imports from Nicaragua ($369k or 8.7%), Brazil ($330k or 187%), and Mozambique ($42.1k or 162%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-1.42M(-38.1%)

IMPORT GROWTH (January 2023 - January 2024)$13.4M(98.2%)

MAIN EXPORTER (January 2024)Michigan$591k

MAIN DESTINATION (January 2024)Canada$1.87M

This section shows Molasses'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 Molasses over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$41.9M

IMPORTS (2022)$180M

NET TRADE (2022)-$138M

In 2022, United States exported $41.9M in Molasses. The main destinations of United States exports on Molasses were Canada ($17.9M), United Kingdom ($8.74M), Mexico ($3.93M), Ireland ($3.01M), and Denmark ($2.08M).

In 2022, United States imported $180M in Molasses, mainly from Guatemala ($42.3M), El Salvador ($31.8M), Honduras ($24.1M), Dominican Republic ($18M), and Nicaragua ($16.3M).

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