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2023
Exports $166MWorld Rnk 10 / 146
Flag Rnk 608 / 1217
2023
Destination $1.23M Canada
2022 - 2023
FASTEST GROWING MARKET $1.23MHonduras
2023
PRODUCT COMPLEXITY IN Butter0.079Rnk 528 / 1025
2023
Imports $604MWorld Rnk 6 / 224
Flag Rnk 476 / 1215
2023
Origin $48.9M Ireland
2022 - 2023
FASTEST GROWING ORIGIN $48.9MNew Zealand
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $166M in Butter, making it the 10th largest exporter of Butter in the world. At the same year, Butter was the 608th most exported product in United States. The main destination of Butter exports from United States are: Canada ($116M), South Korea ($8.3M), Mexico ($5.63M), Panama ($5.51M), and Chinese Taipei ($3.88M).

The fastest growing export markets for Butter of United States between 2022 and 2023 were Honduras ($1.23M), Panama ($1.13M), and Nicaragua ($993k).

Imports In 2023, United States imported $604M in Butter, becoming the 6th largest importer of Butter in the world. At the same year, Butter was the 476th most imported product in United States. United States imports Butter primarily from: Ireland ($348M), New Zealand ($142M), Mexico ($45.1M), France ($25.9M), and India ($10.7M).

The fastest growing import markets in Butter for United States between 2022 and 2023 were New Zealand ($48.9M), Mexico ($31.1M), and Ireland ($3.38M).

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

November 2024

About

Overview In November 2024 United States' Butter exports accounted up to $24M and imports accounted up to $102M, resulting in a negative trade balance of $78.2M. Between November 2023 and November 2024 the exports of United States'   Butter have increased by $13M (119%) from $11M to $24M, while imports increased by $46.9M (84.6%) from $55.4M to $102M.

Destinations In November 2024, Butter were exported mostly to Canada ($16.4M), South Korea ($2.13M), Mexico ($1.51M), Nicaragua ($632k), and Guatemala ($601k), and were imported mostly from Ireland ($77.4M), New Zealand ($14.1M), France ($4.21M), Australia ($1.77M), and India ($1.35M).

Growth In November 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 November 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 (November 2023 - November 2024)$13M(119%)
IMPORT GROWTH (November 2023 - November 2024)$46.9M(84.6%)
MAIN EXPORTER (November 2024)Michigan$7.35M
MAIN DESTINATION (November 2024)Canada$16.4M

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 (2023)$166M
IMPORTS (2023)$604M
NET TRADE (2023)-$438M

In 2023, United States exported $166M in Butter. The main destinations of United States exports on Butter were Canada ($116M), South Korea ($8.3M), Mexico ($5.63M), Panama ($5.51M), and Chinese Taipei ($3.88M).

In 2023, United States imported $604M in Butter, mainly from Ireland ($348M), New Zealand ($142M), Mexico ($45.1M), France ($25.9M), and India ($10.7M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Butter EXPORT MARKETS FOR United States WERE (2022 - 2023):
Honduras$1.23M (567%)
Panama$1.13M (25.8%)
Nicaragua$993k (192%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Butter BY United States WERE (2022 - 2023):
Bahrain-$48.4M (-94.5%)
South Korea-$23.8M (-74.2%)
Mexico-$15M (-72.7%)
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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 Butter were:
New Zealand $2.54B
Netherlands $1.83B
Ireland $1.52B
In 2023, United States's main importing competitors in Butter were:
France $1.43B
Germany $899M
Netherlands $840M

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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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