Buckwheat in United States 2020 Exports | Imports : $96M | $130M, World Rnk 4 / 139 Rnk 701 / 1217 | World Rnk 2 / 206 Rnk 773 / 1214
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $1.07M | $5.42M, Burundi | Canada
2020 ECONOMIC COMPLEXITY of United States: 1.56, Rnk 9 / 127
2020 PRODUCT COMPLEXITY IN Buckwheat: -1.68, Rnk 975 / 1029
Exports In 2020, United States exported $96M in Buckwheat, making it the 4th largest exporter of Buckwheat in the world. At the same year, Buckwheat was the 701st most exported product in United States. The main destination of Buckwheat exports from United States are: Indonesia ($25.8M), Japan ($12.6M), Canada ($11.7M), United Kingdom ($4.88M), and Mexico ($3.5M).
The fastest growing export markets for Buckwheat of United States between 2019 and 2020 were Burundi ($1.07M), Hong Kong ($926k), and Mexico ($614k).
Imports In 2020, United States imported $130M in Buckwheat, becoming the 2nd largest importer of Buckwheat in the world. At the same year, Buckwheat was the 773rd most imported product in United States. United States imports Buckwheat primarily from: Bolivia ($44.8M), Peru ($44.3M), Canada ($22.3M), Spain ($4.79M), and India ($3.06M).
The fastest growing import markets in Buckwheat for United States between 2019 and 2020 were Canada ($5.42M), Bolivia ($5.3M), and Spain ($1.03M).
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%).
November 2022
Overview In November 2022 United States' Buckwheat exports accounted up to $6.77M and imports accounted up to $8.17M, resulting in a negative trade balance of $1.4M. Between November 2021 and November 2022 the exports of United States' Buckwheat have decreased by $-4.3M (-38.8%) from $11.1M to $6.77M, while imports increased by $612k (8.1%) from $7.56M to $8.17M.
Destinations In November 2022, Buckwheat were exported mostly to Japan ($2.44M), Canada ($1.14M), Mexico ($1M), South Korea ($232k), and Denmark ($230k), and were imported mostly from Peru ($3.3M), Bolivia ($2.79M), Canada ($888k), India ($311k), and Russia ($258k).
Growth In November 2022, the decrease in Buckwheat's year-by-year exports was explained primarily by a decrease in exports to Indonesia ($-1.45M or -57.6%), Canada ($-317k or -17.9%), and Malaysia ($-254k or -84.1%). In November 2022, the increase in Buckwheat's year-by-year imports was explained primarily by an increase in imports from Canada ($574k or 44.8%), Russia ($107k or 69.6%), and South Africa ($80.1k or 71.6%).
EXPORT GROWTH (November 2021 - November 2022): $-4.3M, (-38.8%)
IMPORT GROWTH (November 2021 - November 2022): $612k, (8.1%)
MAIN EXPORTER (November 2022): Washington, $2.26M
MAIN DESTINATION (November 2022): Japan, $2.44M
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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EXPORTS (2020): $96M
IMPORTS (2020): $130M
NET TRADE (2020): -$34M
In 2020, United States exported $96M in Buckwheat. The main destinations of United States exports on Buckwheat were Indonesia ($25.8M), Japan ($12.6M), Canada ($11.7M), United Kingdom ($4.88M), and Mexico ($3.5M).
In 2020, United States imported $130M in Buckwheat, mainly from Bolivia ($44.8M), Peru ($44.3M), Canada ($22.3M), Spain ($4.79M), and India ($3.06M).
THE FASTEST GROWING Buckwheat EXPORT MARKETS FOR United States WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Buckwheat BY United States WERE (2019 - 2020):
In 2020, United States's main exporting competitors in Buckwheat were:
In 2020, United States's main importing competitors in Buckwheat were:
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