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2022
Exports $277MWorld Rnk 9 / 148
Flag Rnk 521 / 1217
2022
Destination $50.2M Canada
2021 - 2022
FASTEST GROWING MARKET $50.2MCanada
2022
PRODUCT COMPLEXITY IN Butter0.015Rnk 543 / 1025
2022
Imports $541MWorld Rnk 6 / 220
Flag Rnk 517 / 1216
2022
Origin $68.4M Ireland
2021 - 2022
FASTEST GROWING ORIGIN $68.4MIreland
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $277M in Butter, making it the 9th largest exporter of Butter in the world. At the same year, Butter was the 521st most exported product in United States. The main destination of Butter exports from United States are: Canada ($120M), Bahrain ($46.7M), South Korea ($30.1M), Mexico ($26.9M), and Saudi Arabia ($10.7M).

The fastest growing export markets for Butter of United States between 2021 and 2022 were Canada ($50.2M), Bahrain ($23.3M), and South Korea ($16.8M).

Imports In 2022, United States imported $541M in Butter, becoming the 6th largest importer of Butter in the world. At the same year, Butter was the 517th most imported product in United States. United States imports Butter primarily from: Ireland ($332M), New Zealand ($106M), Netherlands ($32.1M), France ($20.8M), and India ($14.4M).

The fastest growing import markets in Butter for United States between 2021 and 2022 were Ireland ($68.4M), New Zealand ($56.6M), and India ($6.69M).

COMPANIES In 2023, leading companies such as IKEA Group (139), Hall's Warehouse (137), and Lineage Cold Storage (41) were at the forefront of shipping Butter to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Butter exports accounted up to $20.3M and imports accounted up to $64.5M, resulting in a negative trade balance of $44.2M. Between August 2023 and August 2024 the exports of United States'   Butter have increased by $4.92M (32%) from $15.4M to $20.3M, while imports increased by $22.8M (54.6%) from $41.7M to $64.5M.

Destinations In August 2024, Butter were exported mostly to Canada ($13.7M), Mexico ($1.07M), South Korea ($772k), China ($549k), and Panama ($546k), and were imported mostly from Ireland ($50M), New Zealand ($3.56M), Mexico ($2.88M), France ($1.85M), and India ($1.73M).

Growth In August 2024, the increase in Butter's year-by-year exports was explained primarily by an increase in exports to Canada ($2.46M or 36.5%), Panama ($312k or 240%), and Chinese Taipei ($308k or 110%). In August 2024, the increase in Butter's year-by-year imports was explained primarily by an increase in imports from New Zealand ($12.7M or 328%), Ireland ($11.6M or 82.9%), and Mexico ($3.81M or 3.98k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$4.92M(32%)
IMPORT GROWTH (August 2023 - August 2024)$22.8M(54.6%)
MAIN EXPORTER (August 2024)Michigan$7.35M
MAIN DESTINATION (August 2024)Canada$13.7M

This section shows Butter'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 Butter over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$277M
IMPORTS (2022)$541M
NET TRADE (2022)-$264M

In 2022, United States exported $277M in Butter. The main destinations of United States exports on Butter were Canada ($120M), Bahrain ($46.7M), South Korea ($30.1M), Mexico ($26.9M), and Saudi Arabia ($10.7M).

In 2022, United States imported $541M in Butter, mainly from Ireland ($332M), New Zealand ($106M), Netherlands ($32.1M), France ($20.8M), and India ($14.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Butter EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$50.2M (71.9%)
Bahrain$23.3M (99.7%)
South Korea$16.8M (126%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Butter BY United States WERE (2021 - 2022):
Saudi Arabia-$9.46M (-47%)
China-$9.38M (-91.8%)
Australia-$5.95M (-90.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Butter were:
New Zealand $2.78B
Netherlands $2.03B
Ireland $1.46B
In 2022, United States's main importing competitors in Butter were:
France $1.53B
Netherlands $1.04B
Germany $987M

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Trade Value of Butter by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $3.52M
TOP IMPORT POTENTIALNew Zealand+ $13.8M

Butter’s highest export potential is Mexico. With an export gap of $3.52M.   Butter’s highest import potential is New Zealand with an import gap of $13.8M.

See methodology.

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