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2023
Exports $55.9MWorld Rnk 5 / 77
Flag Rnk 813 / 1217
2023
Destination $16.4M Mexico
2022 - 2023
FASTEST GROWING MARKET $16.4MJapan
2023
PRODUCT COMPLEXITY IN Animal Fat0.44Rnk 389 / 1025
2023
Imports $16MWorld Rnk 19 / 162
Flag Rnk 1085 / 1215
2023
Origin $1.24M Canada
2022 - 2023
FASTEST GROWING ORIGIN $1.24MPhilippines
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $55.9M in Animal Fat, making it the 5th largest exporter of Animal Fat in the world. At the same year, Animal Fat was the 813th most exported product in United States. The main destination of Animal Fat exports from United States are: Mexico ($19.1M), Japan ($17.9M), Dominican Republic ($5.19M), Chile ($2.91M), and Honduras ($2.3M).

The fastest growing export markets for Animal Fat of United States between 2022 and 2023 were Japan ($16.4M), Chile ($2.61M), and Honduras ($1.83M).

Imports In 2023, United States imported $16M in Animal Fat, becoming the 19th largest importer of Animal Fat in the world. At the same year, Animal Fat was the 1085th most imported product in United States. United States imports Animal Fat primarily from: Canada ($14.4M), Philippines ($1.24M), Spain ($333k), Chile ($14.3k), and Thailand ($357).

The fastest growing import markets in Animal Fat for United States between 2022 and 2023 were Philippines ($1.24M), Canada ($1.55k), and Thailand ($357).

COMPANIES In 2023, leading companies such as Lineage Cold Storage (1), Goya Foods (1), and Prime Line Coffee (1) were at the forefront of shipping Animal Fat to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Animal Fat exports accounted up to $3.87M and imports accounted up to $1.09M, resulting in a positive trade balance of $2.78M. Between November 2023 and November 2024 the exports of United States'   Animal Fat have increased by $1.33M (52.4%) from $2.54M to $3.87M, while imports increased by $76.9k (7.58%) from $1.01M to $1.09M.

Destinations In November 2024, Animal Fat were exported mostly to Mexico ($1.66M), Dominican Republic ($1.6M), Guatemala ($300k), Nicaragua ($150k), and Panama ($69.4k), and were imported mostly from Canada ($998k) and Spain ($92.9k).

Growth In November 2024, the increase in Animal Fat's year-by-year exports was explained primarily by an increase in exports to Mexico ($643k or 49.7%), Honduras ($33.7k or 139%), and Guatemala ($500 or 1.55%). In November 2024, the increase in Animal Fat's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$1.33M(52.4%)
IMPORT GROWTH (November 2023 - November 2024)$76.9k(7.58%)
MAIN EXPORTER (November 2024)Illinois$1.85M
MAIN DESTINATION (November 2024)Mexico$1.66M

This section shows Animal 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 Animal Fat over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$55.9M
IMPORTS (2023)$16M
NET TRADE (2023)$39.9M

In 2023, United States exported $55.9M in Animal Fat. The main destinations of United States exports on Animal Fat were Mexico ($19.1M), Japan ($17.9M), Dominican Republic ($5.19M), Chile ($2.91M), and Honduras ($2.3M).

In 2023, United States imported $16M in Animal Fat, mainly from Canada ($14.4M), Philippines ($1.24M), Spain ($333k), Chile ($14.3k), and Thailand ($357).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Animal Fat EXPORT MARKETS FOR United States WERE (2022 - 2023):
Japan$16.4M (1.09k%)
Chile$2.61M (870%)
Honduras$1.83M (384%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal Fat BY United States WERE (2022 - 2023):
South Korea-$13.9M (-92.1%)
Guatemala-$1.25M (-56.3%)
El Salvador-$695k (-69.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Animal Fat were:
Spain $186M
Germany $121M
Canada $79.1M
In 2023, United States's main importing competitors in Animal Fat were:
Philippines $86.9M
Japan $78.5M
Belgium $58.1M

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Trade Value of Animal Fat by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $645k
TOP IMPORT POTENTIALCanada+ $1.59M

Animal Fat’s highest export potential is Japan. With an export gap of $645k.   Animal Fat’s highest import potential is Canada with an import gap of $1.59M.

See methodology.

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