Corn in United States2018 - 2019 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $17.5M | $40.1M, Canada | Brazil
2019 ECONOMIC COMPLEXITY of United States: 1.59, Rnk 9 / 147
2019 PRODUCT COMPLEXITY IN Corn: -1.08, Rnk 855 / 1029
Exports In 2019, United States exported $8.31B in Corn, making it the 1st largest exporter of Corn in the world. At the same year, Corn was the 31st most exported product in United States. The main destination of Corn exports from United States are: Mexico ($2.72B), Japan ($2.13B), Colombia ($730M), Canada ($491M), and South Korea ($444M).
The fastest growing export markets for Corn of United States between 2018 and 2019 were Canada ($17.5M), New Zealand ($17.2M), and Honduras ($14M).
The fastest growing import markets in Corn for United States between 2018 and 2019 were Brazil ($40.1M), Paraguay ($29.8M), and Peru ($708k).
Tariffs In 2017, the average tariff for United States in Corn was 0.21%. The countries with the highest import tariffs for Corn were Equatorial Guinea (Most Favoured Nation duty rate treatement, 0.45%), Libya (Most Favoured Nation duty rate treatement, 0.45%), Mayotte (Most Favoured Nation duty rate treatement, 0.45%), Reunion (Most Favoured Nation duty rate treatement, 0.45%), and Sudan (Most Favoured Nation duty rate treatement, 0.45%).
July 2021
Overview In July 2021 United States' Corn exports accounted up to $1.65B and imports accounted up to $19.6M, resulting in a positive trade balance of $1.63B. Between July 2020 and July 2021 the exports of United States' Corn have increased by $923M (127%) from $729M to $1.65B, while imports increased by $7.49M (61.8%) from $12.1M to $19.6M.
Destinations In July 2021, Corn were exported mostly to N/A, and were imported mostly from Argentina ($10.1M), Canada ($7.62M), Chile ($914k), Mexico ($461k), and Peru ($333k).
Growth In July 2021, the increase in Corn's year-by-year exports was explained primarily by an increase in exports to N/A. In July 2021, the increase in Corn's year-by-year imports was explained primarily by an increase in imports from Argentina ($6.04M or 148%), Canada ($3.07M or 67.4%), and Chile ($485k or 113%).
EXPORT GROWTH (July 2020 - July 2021): $923M, (127%)
IMPORT GROWTH (July 2020 - July 2021): $7.49M, (61.8%)
MAIN EXPORTER (July 2021): Louisiana, $861M
This section shows Corn'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 Corn over time.
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EXPORTS (2019): $8.31B
In 2019, United States exported $8.31B in Corn. The main destinations of United States exports on Corn were Mexico ($2.72B), Japan ($2.13B), Colombia ($730M), Canada ($491M), and South Korea ($444M).
In N/A, United States imported N/A in Corn, mainly from Canada ($82M), Brazil ($72.7M), Chile ($46.6M), Argentina ($46.5M), and Paraguay ($29.8M).
IN 2019, United States HAD A POSITIVE NET TRADE IN Corn WITH:
IN N/A, United States HAD A NEGATIVE NET TRADE IN Corn WITH:
THE FASTEST GROWING Corn EXPORT MARKETS FOR United States WERE (2018 - 2019):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Corn BY United States WERE (2018 - 2019):
In 2019, United States's main exporting competitors in Corn were:
In 2019, United States's main importing competitors in Corn were:
In 2017, the average tariff for United States in Corn was 0.21%.
The countries with the highest tariffs for Corn in United States were Equatorial Guinea (Most Favoured Nation duty rate treatement, 0.45%), Libya (Most Favoured Nation duty rate treatement, 0.45%), Mayotte (Most Favoured Nation duty rate treatement, 0.45%), Reunion (Most Favoured Nation duty rate treatement, 0.45%), and Sudan (Most Favoured Nation duty rate treatement, 0.45%).