Corn in United States 2020 Exports | Imports : $9.72B | $323M, World Rnk 1 / 154 Rnk 24 / 1217 | World Rnk 28 / 208 Rnk 573 / 1214
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $1.13B | $35.5M, China | Argentina
2020 ECONOMIC COMPLEXITY of United States: 1.56, Rnk 9 / 127
2020 PRODUCT COMPLEXITY IN Corn: -0.95, Rnk 825 / 1029
Exports In 2020, United States exported $9.72B in Corn, making it the 1st largest exporter of Corn in the world. At the same year, Corn was the 24th most exported product in United States. The main destination of Corn exports from United States are: Mexico ($2.7B), Japan ($1.94B), China ($1.18B), Colombia ($942M), and South Korea ($588M).
The fastest growing export markets for Corn of United States between 2019 and 2020 were China ($1.13B), Colombia ($211M), and South Korea ($141M).
Imports In 2020, United States imported $323M in Corn, becoming the 28th largest importer of Corn in the world. At the same year, Corn was the 573rd most imported product in United States. United States imports Corn primarily from: Canada ($109M), Argentina ($82.1M), Chile ($63M), Mexico ($21.1M), and Brazil ($18M).
The fastest growing import markets in Corn for United States between 2019 and 2020 were Argentina ($35.5M), Canada ($27.5M), and Chile ($16.3M).
Tariffs In 2017, the average tariff for United States in Corn was 0.3%. 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%).
October 2022
Overview In October 2022 United States' Corn exports accounted up to $720M and imports accounted up to $13.1M, resulting in a positive trade balance of $707M. Between October 2021 and October 2022 the exports of United States' Corn have decreased by $-348M (-32.6%) from $1.07B to $720M, while imports decreased by $-5.86M (-30.9%) from $18.9M to $13.1M.
Destinations In October 2022, Corn were exported mostly to Mexico ($320M), China ($159M), Japan ($95.8M), Canada ($30.5M), and Honduras ($18M), and were imported mostly from Canada ($6.2M), Brazil ($5.13M), Mexico ($1.1M), Peru ($431k), and Taiwan ($81.2k).
Growth In October 2022, the decrease in Corn's year-by-year exports was explained primarily by a decrease in exports to Canada ($-2.14M or -4.03%), Barbados ($-1.16M or -99.1%), and Trinidad and Tobago ($-948k or -31.5%). In October 2022, the decrease in Corn's year-by-year imports was explained primarily by a decrease in imports from Canada ($-6.17M or -33%), Mexico ($-2.39M or -71.2%), and Argentina ($-672k or -87.4%).
EXPORT GROWTH (October 2021 - October 2022): $-348M, (-32.6%)
IMPORT GROWTH (October 2021 - October 2022): $-5.86M, (-30.9%)
MAIN EXPORTER (October 2022): Louisiana, $356M
MAIN DESTINATION (October 2022): Mexico, $320M
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 (2020): $9.72B
IMPORTS (2020): $323M
NET TRADE (2020): $9.4B
In 2020, United States exported $9.72B in Corn. The main destinations of United States exports on Corn were Mexico ($2.7B), Japan ($1.94B), China ($1.18B), Colombia ($942M), and South Korea ($588M).
In 2020, United States imported $323M in Corn, mainly from Canada ($109M), Argentina ($82.1M), Chile ($63M), Mexico ($21.1M), and Brazil ($18M).
THE FASTEST GROWING Corn EXPORT MARKETS FOR United States WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Corn BY United States WERE (2019 - 2020):
In 2020, United States's main exporting competitors in Corn were:
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