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2023
Exports $776MWorld Rnk 8 / 196
Flag Rnk 281 / 1217
2023
Destination $52.3M Canada
2022 - 2023
FASTEST GROWING MARKET $52.3MCanada
2023
PRODUCT COMPLEXITY IN Confectionery Sugar-0.6Rnk 734 / 1025
2023
Imports $3.26BWorld Rnk 1 / 226
Flag Rnk 155 / 1215
2023
Origin $129M Mexico
2022 - 2023
FASTEST GROWING ORIGIN $129MMexico
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $776M in Confectionery Sugar, making it the 8th largest exporter of Confectionery Sugar in the world. At the same year, Confectionery Sugar was the 281st most exported product in United States. The main destination of Confectionery Sugar exports from United States are: Canada ($355M), Mexico ($98.8M), China ($40M), United Kingdom ($34.1M), and United Arab Emirates ($29.8M).

The fastest growing export markets for Confectionery Sugar of United States between 2022 and 2023 were Canada ($52.3M), Mexico ($24.5M), and China ($13.4M).

Imports In 2023, United States imported $3.26B in Confectionery Sugar, becoming the 1st largest importer of Confectionery Sugar in the world. At the same year, Confectionery Sugar was the 155th most imported product in United States. United States imports Confectionery Sugar primarily from: Mexico ($1.18B), Canada ($625M), Germany ($290M), Turkey ($216M), and Spain ($158M).

The fastest growing import markets in Confectionery Sugar for United States between 2022 and 2023 were Mexico ($129M), Canada ($57.7M), and Turkey ($39.1M).

COMPANIES In 2023, leading companies such as Storck (3.4k), LG Electronics (61), and Fetzer Vineyards (44) were at the forefront of shipping Confectionery Sugar to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Confectionery Sugar exports accounted up to $63.4M and imports accounted up to $273M, resulting in a negative trade balance of $210M. Between November 2023 and November 2024 the exports of United States'   Confectionery Sugar have increased by $3.72M (6.23%) from $59.6M to $63.4M, while imports increased by $14.7M (5.69%) from $258M to $273M.

Destinations In November 2024, Confectionery Sugar were exported mostly to Canada ($31.6M), Mexico ($10.4M), United Kingdom ($2.66M), Netherlands ($1.72M), and Australia ($1.56M), and were imported mostly from Mexico ($99.1M), Canada ($57.9M), Germany ($16.4M), Turkey ($14.2M), and China ($14M).

Growth In November 2024, the increase in Confectionery Sugar's year-by-year exports was explained primarily by an increase in exports to Canada ($10.3M or 49.9%), Mexico ($1.38M or 28.9%), and Panama ($883k or 305%). In November 2024, the increase in Confectionery Sugar's year-by-year imports was explained primarily by an increase in imports from Mexico ($17.9M or 24.1%), Germany ($12.4M or 100%), and Turkey ($10.5M or 98.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$3.72M(6.23%)
IMPORT GROWTH (November 2023 - November 2024)$14.7M(5.69%)
MAIN EXPORTER (November 2024)Pennsylvania$14.1M
MAIN DESTINATION (November 2024)Canada$31.6M

This section shows Confectionery Sugar'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 Confectionery Sugar over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$776M
IMPORTS (2023)$3.26B
NET TRADE (2023)-$2.48B

In 2023, United States exported $776M in Confectionery Sugar. The main destinations of United States exports on Confectionery Sugar were Canada ($355M), Mexico ($98.8M), China ($40M), United Kingdom ($34.1M), and United Arab Emirates ($29.8M).

In 2023, United States imported $3.26B in Confectionery Sugar, mainly from Mexico ($1.18B), Canada ($625M), Germany ($290M), Turkey ($216M), and Spain ($158M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Confectionery Sugar EXPORT MARKETS FOR United States WERE (2022 - 2023):
Canada$52.3M (17.3%)
Mexico$24.5M (33%)
China$13.4M (50.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Confectionery Sugar BY United States WERE (2022 - 2023):
Japan-$4.14M (-33.7%)
South Korea-$4.09M (-29.7%)
Switzerland-$2.01M (-75.9%)
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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 Confectionery Sugar were:
Germany $1.97B
China $1.5B
Mexico $1.36B
In 2023, United States's main importing competitors in Confectionery Sugar were:
United Kingdom $1.01B
Germany $992M

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Trade Value of Confectionery Sugar by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $8.27M
TOP IMPORT POTENTIALCanada+ $73.2M

Confectionery Sugar’s highest export potential is United Kingdom. With an export gap of $8.27M.   Confectionery Sugar’s highest import potential is Canada with an import gap of $73.2M.

See methodology.

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