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2022
Exports $11.2BWorld Rnk 1 / 221
Flag Rnk 25 / 96
2022
Destination $263M Canada
2021 - 2022
FASTEST GROWING MARKET $263MCanada
2022
PRODUCT COMPLEXITY IN Miscellaneous edible preparations0.054Rnk 531 / 1025
2022
Imports $12.8BWorld Rnk 1 / 226
Flag Rnk 37 / 96
2022
Origin $567M Singapore
2021 - 2022
FASTEST GROWING ORIGIN $567MSingapore
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $11.2B in Miscellaneous edible preparations, making it the 1st largest exporter of Miscellaneous edible preparations in the world. At the same year, Miscellaneous edible preparations was the 25th most exported product in United States. The main destination of Miscellaneous edible preparations exports from United States are: Canada ($2.87B), Mexico ($1.52B), South Korea ($871M), China ($425M), and Netherlands ($314M).

The fastest growing export markets for Miscellaneous edible preparations of United States between 2021 and 2022 were Canada ($263M), Mexico ($161M), and Kuwait ($49.4M).

Imports In 2022, United States imported $12.8B in Miscellaneous edible preparations, becoming the 1st largest importer of Miscellaneous edible preparations in the world. At the same year, Miscellaneous edible preparations was the 37th most imported product in United States. United States imports Miscellaneous edible preparations primarily from: Singapore ($4.06B), Canada ($2.14B), Mexico ($932M), China ($743M), and Italy ($648M).

The fastest growing import markets in Miscellaneous edible preparations for United States between 2021 and 2022 were Singapore ($567M), Mexico ($243M), and Canada ($238M).

COMPANIES In 2023, leading companies such as IKEA Group (1.27k), Walmart (856), and Hall's Warehouse (595) were at the forefront of shipping Miscellaneous edible preparations to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Miscellaneous edible preparations exports accounted up to $935M and imports accounted up to $997M, resulting in a negative trade balance of $62.3M. Between June 2023 and June 2024 the exports of United States'   Miscellaneous edible preparations have increased by $88.5M (10.5%) from $846M to $935M, while imports decreased by $-22.7M (-2.23%) from $1.02B to $997M.

Destinations In June 2024, Miscellaneous edible preparations were exported mostly to Canada ($289M), Mexico ($151M), South Korea ($50.8M), China ($36.6M), and Netherlands ($27.5M), and were imported mostly from Singapore ($194M), Canada ($187M), Mexico ($117M), China ($71.4M), and Italy ($64.9M).

Growth In June 2024, the increase in Miscellaneous edible preparations's year-by-year exports was explained primarily by an increase in exports to Canada ($46.4M or 23.1%), Mexico ($23.6M or 23.9%), and China ($7.41M or 30.5%). In June 2024, the decrease in Miscellaneous edible preparations's year-by-year imports was explained primarily by a decrease in imports from Singapore ($-37M or -7.77%), China ($-22M or -32.7%), and Japan ($-9.1M or -43.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$88.5M(10.5%)
IMPORT GROWTH (June 2023 - June 2024)$-22.7M(-2.23%)
MAIN EXPORTER (June 2024)California$237M
MAIN DESTINATION (June 2024)Canada$289M

This section shows Miscellaneous edible preparations'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 Miscellaneous edible preparations over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$11.2B
IMPORTS (2022)$12.8B
NET TRADE (2022)-$1.59B

In 2022, United States exported $11.2B in Miscellaneous edible preparations. The main destinations of United States exports on Miscellaneous edible preparations were Canada ($2.87B), Mexico ($1.52B), South Korea ($871M), China ($425M), and Netherlands ($314M).

In 2022, United States imported $12.8B in Miscellaneous edible preparations, mainly from Singapore ($4.06B), Canada ($2.14B), Mexico ($932M), China ($743M), and Italy ($648M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Miscellaneous edible preparations EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$263M (10.1%)
Mexico$161M (11.9%)
Kuwait$49.4M (124%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Miscellaneous edible preparations BY United States WERE (2021 - 2022):
Netherlands-$73.9M (-19.1%)
Malaysia-$71.1M (-29%)
Thailand-$57.6M (-26.6%)
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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 Miscellaneous edible preparations were:
Germany $7.99B
Singapore $6.98B
In 2022, United States's main importing competitors in Miscellaneous edible preparations were:
Germany $4.98B
United Kingdom $4.04B

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Trade Value of Miscellaneous edible preparations by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $136M
TOP IMPORT POTENTIALCanada+ $332M

Miscellaneous edible preparations’s highest export potential is China. With an export gap of $136M.   Miscellaneous edible preparations’s highest import potential is Canada with an import gap of $332M.

See methodology.

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