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2023
Exports $2.63BWorld Rnk 8 / 208
Flag Rnk 116 / 1217
2023
Destination $62.8M Canada
2022 - 2023
FASTEST GROWING MARKET $62.8MCanada
2023
PRODUCT COMPLEXITY IN Baked Goods-0.25Rnk 632 / 1025
2023
Imports $10.5BWorld Rnk 1 / 226
Flag Rnk 59 / 1215
2023
Origin $510M Canada
2022 - 2023
FASTEST GROWING ORIGIN $510MCanada
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $2.63B in Baked Goods, making it the 8th largest exporter of Baked Goods in the world. At the same year, Baked Goods was the 116th most exported product in United States. The main destination of Baked Goods exports from United States are: Canada ($1.55B), Mexico ($309M), United Arab Emirates ($54.3M), Australia ($51.8M), and Japan ($49.6M).

The fastest growing export markets for Baked Goods of United States between 2022 and 2023 were Canada ($62.8M), Mexico ($47.3M), and United Arab Emirates ($29M).

Imports In 2023, United States imported $10.5B in Baked Goods, becoming the 1st largest importer of Baked Goods in the world. At the same year, Baked Goods was the 59th most imported product in United States. United States imports Baked Goods primarily from: Canada ($5.05B), Mexico ($2.4B), Italy ($464M), France ($285M), and Germany ($193M).

The fastest growing import markets in Baked Goods for United States between 2022 and 2023 were Canada ($510M), Mexico ($256M), and Thailand ($45.3M).

COMPANIES In 2024, leading companies such as Costco Wholesale (360), Goya Foods (355), and Wismettac Asian Foods (266) were at the forefront of shipping Baked Goods to the United States.

Latest Trends

January 2025

About

Overview In January 2025 United States' Baked Goods exports accounted up to $198M and imports accounted up to $874M, resulting in a negative trade balance of $676M. Between January 2024 and January 2025 the exports of United States'   Baked Goods have decreased by $-2.45M (-1.22%) from $201M to $198M, while imports increased by $17.8M (2.08%) from $856M to $874M.

Destinations In January 2025, Baked Goods were exported mostly to Canada ($123M), Mexico ($27.4M), United Kingdom ($4.5M), Australia ($3.78M), and South Korea ($3.43M), and were imported mostly from Canada ($439M), Mexico ($188M), Italy ($50M), France ($25.2M), and Germany ($15M).

Growth In January 2025, the decrease in Baked Goods's year-by-year exports was explained primarily by a decrease in exports to Argentina ($-2.16M or -95%), South Korea ($-1.11M or -30.5%), and Saudi Arabia ($-1.02M or -49.9%). In January 2025, the increase in Baked Goods's year-by-year imports was explained primarily by an increase in imports from Canada ($30.8M or 7.83%), Mexico ($21.2M or 11.5%), and Turkey ($5.11M or 124%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2024 - January 2025)$-2.45M(-1.22%)
IMPORT GROWTH (January 2024 - January 2025)$17.8M(2.08%)
MAIN EXPORTER (January 2025)California$25.3M
MAIN DESTINATION (January 2025)Canada$123M

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 (2023)$2.63B
IMPORTS (2023)$10.5B
NET TRADE (2023)-$7.84B

In 2023, United States exported $2.63B in Baked Goods. The main destinations of United States exports on Baked Goods were Canada ($1.55B), Mexico ($309M), United Arab Emirates ($54.3M), Australia ($51.8M), and Japan ($49.6M).

In 2023, United States imported $10.5B in Baked Goods, mainly from Canada ($5.05B), Mexico ($2.4B), Italy ($464M), France ($285M), and Germany ($193M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Baked Goods EXPORT MARKETS FOR United States WERE (2022 - 2023):
Canada$62.8M (4.24%)
Mexico$47.3M (18%)
United Arab Emirates$29M (115%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Baked Goods BY United States WERE (2022 - 2023):
South Korea-$17M (-27.8%)
Philippines-$14.5M (-49.3%)
Japan-$6.39M (-11.4%)
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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 Baked Goods were:
Germany $5.89B
Canada $5.28B
Italy $4.02B
In 2023, United States's main importing competitors in Baked Goods were:
United Kingdom $4.24B
Germany $3.87B

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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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