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2023
Exports $1.63BWorld Rnk 1 / 121
Flag Rnk 181 / 1217
2023
Destination $105M Japan
2022 - 2023
FASTEST GROWING MARKET $105MSaudi Arabia
2023
PRODUCT COMPLEXITY IN Forage Crops-0.83Rnk 791 / 1025
2023
Imports $178MWorld Rnk 6 / 178
Flag Rnk 761 / 1215
2023
Origin $21.3M Canada
2022 - 2023
FASTEST GROWING ORIGIN $21.3MCanada
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $1.63B in Forage Crops, making it the 1st largest exporter of Forage Crops in the world. At the same year, Forage Crops was the 181st most exported product in United States. The main destination of Forage Crops exports from United States are: Japan ($477M), China ($452M), South Korea ($258M), Saudi Arabia ($240M), and Chinese Taipei ($63.9M).

The fastest growing export markets for Forage Crops of United States between 2022 and 2023 were Saudi Arabia ($105M), United Arab Emirates ($27.5M), and Canada ($14.6M).

Imports In 2023, United States imported $178M in Forage Crops, becoming the 6th largest importer of Forage Crops in the world. At the same year, Forage Crops was the 761st most imported product in United States. United States imports Forage Crops primarily from: Canada ($141M), Mexico ($30.2M), France ($3.7M), China ($851k), and Germany ($518k).

The fastest growing import markets in Forage Crops for United States between 2022 and 2023 were Canada ($21.3M), France ($3.6M), and China ($332k).

COMPANIES In 2023, leading companies such as Bass Pro Shops (5), Design Within Reach (4), and Costco Wholesale (2) were at the forefront of shipping Forage Crops to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Forage Crops exports accounted up to $108M and imports accounted up to $12M, resulting in a positive trade balance of $96M. Between November 2023 and November 2024 the exports of United States'   Forage Crops have decreased by $-25.5M (-19.1%) from $134M to $108M, while imports decreased by $-869k (-6.76%) from $12.9M to $12M.

Destinations In November 2024, Forage Crops were exported mostly to Japan ($31.3M), China ($29.5M), South Korea ($25.4M), Saudi Arabia ($11.2M), and Chinese Taipei ($3.36M), and were imported mostly from Canada ($11M), Mexico ($615k), China ($248k), Netherlands ($58.1k), and Spain ($28.6k).

Growth In November 2024, the decrease in Forage Crops's year-by-year exports was explained primarily by a decrease in exports to Japan ($-17.5M or -34.5%), South Korea ($-7.41M or -32.1%), and China ($-1.06M or -2.31%). In November 2024, the decrease in Forage Crops's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-25.5M(-19.1%)
IMPORT GROWTH (November 2023 - November 2024)$-869k(-6.76%)
MAIN EXPORTER (November 2024)Washington$54.8M
MAIN DESTINATION (November 2024)Japan$31.3M

This section shows Forage Crops'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 Forage Crops over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.63B
IMPORTS (2023)$178M
NET TRADE (2023)$1.46B

In 2023, United States exported $1.63B in Forage Crops. The main destinations of United States exports on Forage Crops were Japan ($477M), China ($452M), South Korea ($258M), Saudi Arabia ($240M), and Chinese Taipei ($63.9M).

In 2023, United States imported $178M in Forage Crops, mainly from Canada ($141M), Mexico ($30.2M), France ($3.7M), China ($851k), and Germany ($518k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Forage Crops EXPORT MARKETS FOR United States WERE (2022 - 2023):
Saudi Arabia$105M (77.4%)
United Arab Emirates$27.5M (84.4%)
Canada$14.6M (74.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forage Crops BY United States WERE (2022 - 2023):
China-$318M (-41.3%)
Japan-$156M (-24.7%)
South Korea-$70M (-21.3%)
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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 Forage Crops were:
Australia $545M
Canada $242M
In 2023, United States's main importing competitors in Forage Crops were:
Japan $770M
China $521M
South Korea $453M

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Trade Value of Forage Crops by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $8.91M
TOP IMPORT POTENTIALCanada+ $2.57M

Forage Crops’s highest export potential is Canada. With an export gap of $8.91M.   Forage Crops’s highest import potential is Canada with an import gap of $2.57M.

See methodology.

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