2022
Exports
$2.47BWorld Rnk 7 / 210
Flag Rnk 126 / 1217
2022
PRODUCT COMPLEXITY IN Baked Goods
-0.32Rnk 655 / 1025
2022
Imports
$9.29BWorld Rnk 1 / 226
Flag Rnk 67 / 1216
2022
ECONOMIC COMPLEXITY of United States
1.47Rnk 10 / 133

About

Exports In 2022, United States exported $2.47B in Baked Goods, making it the 7th largest exporter of Baked Goods in the world. At the same year, Baked Goods was the 126th most exported product in United States. The main destination of Baked Goods exports from United States are: Canada ($1.5B), Mexico ($257M), South Korea ($54.7M), Japan ($50.3M), and Australia ($43.8M).

The fastest growing export markets for Baked Goods of United States between 2021 and 2022 were Canada ($208M), Mexico ($31.1M), and Philippines ($11.6M).

Imports In 2022, United States imported $9.29B in Baked Goods, becoming the 1st largest importer of Baked Goods in the world. At the same year, Baked Goods was the 67th most imported product in United States. United States imports Baked Goods primarily from: Canada ($4.6B), Mexico ($2.16B), Italy ($383M), France ($251M), and Germany ($175M).

The fastest growing import markets in Baked Goods for United States between 2021 and 2022 were Canada ($938M), Mexico ($463M), and Italy ($55.5M).

COMPANIES In 2023, leading companies such as Wismettac Asian Foods (236), Costco Wholesale (208), and Goya Foods (207) were at the forefront of shipping Baked Goods to the United States.

Latest Trends

August 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$8.3M(3.51%)
IMPORT GROWTH (August 2023 - August 2024)$12.5M(1.29%)
MAIN EXPORTER (August 2024)California$39.6M
MAIN DESTINATION (August 2024)Canada$152M

This section shows Baked Goods'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 Baked Goods over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.47B
IMPORTS (2022)$9.29B
NET TRADE (2022)-$6.82B

In 2022, United States exported $2.47B in Baked Goods. The main destinations of United States exports on Baked Goods were Canada ($1.5B), Mexico ($257M), South Korea ($54.7M), Japan ($50.3M), and Australia ($43.8M).

In 2022, United States imported $9.29B in Baked Goods, mainly from Canada ($4.6B), Mexico ($2.16B), Italy ($383M), France ($251M), and Germany ($175M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Baked Goods EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$208M (16%)
Mexico$31.1M (13.8%)
Philippines$11.6M (46.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Baked Goods BY United States WERE (2021 - 2022):
United Arab Emirates-$9.9M (-27.8%)
Singapore-$2.77M (-16.1%)
China-$2.55M (-14.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Baked Goods were:
Germany $4.92B
Canada $4.75B
Italy $3.5B
In 2022, United States's main importing competitors in Baked Goods were:

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Trade Value of Baked Goods by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $31.6M
TOP IMPORT POTENTIALGermany+ $116M

Baked Goods’s highest export potential is United Kingdom. With an export gap of $31.6M.   Baked Goods’s highest import potential is Germany with an import gap of $116M.

See methodology.

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