Butter in United States | The Observatory of Economic Complexity

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 SUPPLY AG (10.3k), HALL S WAREHOUSE CORPORATION (959), and AMERICAN OMNI TRADING (94) were at the forefront of shipping Butter to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United States' Butter exports accounted up to $15.3M and imports accounted up to $50.4M, resulting in a negative trade balance of $35.1M. Between January 2023 and January 2024 the exports of United States' Butter have increased by $1.02M (7.12%) from $14.3M to $15.3M, while imports decreased by $-1.38M (-2.66%) from $51.8M to $50.4M.

Destinations In January 2024, Butter were exported mostly to Canada ($10.7M), South Korea ($1.6M), Mexico ($1.18M), Panama ($256k), and Bahamas ($197k), and were imported mostly from Ireland ($27.4M), New Zealand ($12.9M), France ($3.12M), Mexico ($3.04M), and Germany ($1.06M).

Growth In January 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 Taiwan ($308k or 110%). In January 2024, the decrease in Butter's year-by-year imports was explained primarily by a decrease in imports from Chile ($-719k or -84.9%), United Kingdom ($-556k or -95.8%), and Germany ($-303k or -34.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$1.02M(7.12%)

IMPORT GROWTH (January 2023 - January 2024)$-1.38M(-2.66%)

MAIN EXPORTER (January 2024)Michigan$4.5M

MAIN DESTINATION (January 2024)Canada$10.7M

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

Trade Value

Growth

Growth (%)

Year

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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