HS Icon Buckwheat in  Flag United States

2019
Exports | Imports
: $112M | $125M, World Rnk 2 / 142
Flag Rnk 693 / 1217 | World Rnk 1 / 207
Flag Rnk 791 / 1215

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $11.5M | $5.24M, Indonesia |  Spain

2019
ECONOMIC COMPLEXITY of United States
: 1.59, Rnk 9 / 147

2019
PRODUCT COMPLEXITY  IN Buckwheat
: -1.42, Rnk 939 / 1029

Exports: In 2019, United States exported $112M in Buckwheat, making it the 2nd largest exporter of Buckwheat in the world. At the same year, Buckwheat was the 693rd most exported product in United States. The main destination of Buckwheat exports from United States are: Indonesia ($31.4M), Japan ($15.6M), Canada ($14.9M), United Kingdom ($4.75M), and Mexico ($2.88M).

The fastest growing export markets for Buckwheat of United States between 2018 and 2019 were Indonesia ($11.5M), Canada ($1.82M), and Mexico ($1.43M).

Imports: In 2019, United States imported $125M in Buckwheat, becoming the 1st largest importer of Buckwheat in the world. At the same year, Buckwheat was the 791st most imported product in United States. United States imports Buckwheat primarily from: Peru ($50.4M), Bolivia ($37.7M), Canada ($16.9M), Spain ($8.74M), and India ($4.02M).

The fastest growing import markets in Buckwheat for United States between 2018 and 2019 were Spain ($5.24M), Peru ($5.16M), and India ($1.11M).

Tariffs: In 2018, the average tariff for United States in Buckwheat was 0.57%. The countries with the highest import tariffs for Buckwheat were Algeria (Most Favoured Nation duty rate treatement, 0.88%), Egypt (Most Favoured Nation duty rate treatement, 0.88%), Eritrea (Most Favoured Nation duty rate treatement, 0.88%), Western Sahara (Most Favoured Nation duty rate treatement, 0.88%), and Equatorial Guinea (Most Favoured Nation duty rate treatement, 0.88%).

Latest Trends (May 2021)

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Overview: In May 2021 United States' Buckwheat exports accounted up to $7.16M and imports accounted up to $7.47M, resulting in a negative trade balance of $308k. Between May 2020 and May 2021 the exports of United States'   Buckwheat have decreased by $-2.85M (-28.5%) from $10M to $7.16M, while imports decreased by $-4.34M (-36.8%) from $11.8M to $7.47M.

Destinations: In May 2021, Buckwheat were exported mostly to Japan ($1.43M), Indonesia ($1.33M), Canada ($1.16M), Belgium ($420k), and Philippines ($411k), and were imported mostly from Peru ($2.31M), Canada ($1.62M), Ukraine ($921k), Bolivia ($829k), and Spain ($683k).

Growth: In May 2021, the decrease in Buckwheat's year-by-year exports was explained primarily by a decrease in exports to Indonesia ($-3M or -69.3%), United Kingdom ($-579k or -89.6%), and Canada ($-524k or -31.2%). In May 2021, the decrease in Buckwheat's year-by-year imports was explained primarily by a decrease in imports from Bolivia ($-4.82M or -85.3%), Peru ($-945k or -29.1%), and China ($-120k or -64.9%).

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (May 2020 - May 2021): $-2.85M, (-28.5%)

IMPORT GROWTH (May 2020 - May 2021): $-4.34M, (-36.8%)

MAIN EXPORTER (May 2021): Washington, $1.92M

MAIN DESTINATION (May 2021): Japan, $1.43M

This section shows Buckwheat'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 Buckwheat over time.

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Historical Data

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Value

EXPORTS (2019): $112M

IMPORTS (2019): $125M

NET TRADE (2019): -$12.3M

In 2019, United States exported $112M in Buckwheat. The main destinations of United States exports on Buckwheat were Indonesia ($31.4M), Japan ($15.6M), Canada ($14.9M), United Kingdom ($4.75M), and Mexico ($2.88M).

In 2019, United States imported $125M in Buckwheat, mainly from Peru ($50.4M), Bolivia ($37.7M), Canada ($16.9M), Spain ($8.74M), and India ($4.02M).

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IN 2019, United States HAD A POSITIVE NET TRADE IN Buckwheat WITH:

IN 2019, United States HAD A NEGATIVE NET TRADE IN Buckwheat WITH:

Flow

THE FASTEST GROWING Buckwheat EXPORT MARKETS FOR United States WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Buckwheat BY United States WERE (2018 - 2019):

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Market Concentration

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Flow
Type

In 2018, United States's main exporting competitors in Buckwheat were:

In 2018, United States's main importing competitors in Buckwheat were:

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Tariffs by Country

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In 2018, the average tariff for United States in Buckwheat was 0.57%.

The countries with the highest tariffs for Buckwheat in United States were Algeria (Most Favoured Nation duty rate treatement, 0.88%), Egypt (Most Favoured Nation duty rate treatement, 0.88%), Eritrea (Most Favoured Nation duty rate treatement, 0.88%), Western Sahara (Most Favoured Nation duty rate treatement, 0.88%), and Equatorial Guinea (Most Favoured Nation duty rate treatement, 0.88%).