Forage Crops in United States

2019
Exports | Imports
: $1.54B | $92.1M, World Rnk 1 / 109
Flag Rnk 178 / 1217 | World Rnk 7 / 176
Flag Rnk 849 / 1215

2019
Destination | Origin
: $573M | $76.3M, Japan | Canada

2018 - 2019
FASTEST GROWING MARKET |  FASTEST GROWING ORIGIN
: $59.3M | $9.05M, Japan |  Canada

2019
ECONOMIC COMPLEXITY of United States
: 1.64, Rnk 9 / 157

2019
PRODUCT COMPLEXITY  IN Forage Crops
: -1.49, Rnk 947 / 1029

Exports: In 2019, United States exported $1.54B in Forage Crops, making it the 1st largest exporter of Forage Crops in the world. At the same year, Forage Crops was the 178th most exported product in United States. The main destination of Forage Crops exports from United States are: Japan ($573M), China ($339M), South Korea ($257M), Saudi Arabia ($145M), and United Arab Emirates ($114M).

The fastest growing export markets for Forage Crops of United States between 2018 and 2019 were Japan ($59.3M), United Arab Emirates ($26.5M), and China ($18.5M).

Imports: In 2019, United States imported $92.1M in Forage Crops, becoming the 7th largest importer of Forage Crops in the world. At the same year, Forage Crops was the 849th most imported product in United States. United States imports Forage Crops primarily from: Canada ($76.3M), Mexico ($12.6M), France ($2.07M), China ($270k), and Germany ($239k).

The fastest growing import markets in Forage Crops for United States between 2018 and 2019 were Canada ($9.05M), France ($1.99M), and Mexico ($857k).

Tariffs: In 2018, the average tariff for United States in Forage Crops was 0.45%. The countries with the highest import tariffs for Forage Crops were Algeria (0.7%), Egypt (0.7%), Eritrea (0.7%), Western Sahara (0.7%), and Equatorial Guinea (0.7%).

Overview: In January 2021 United States' Forage Crops exports accounted up to $112M and imports accounted up to $9.84M, resulting in a positive trade balance of $102M. Between January 2020 and January 2021 the exports of United States'   Forage Crops have increased by $2.3M (2.1%) from $109M to $112M, while imports increased by $1.15M (13.2%) from $8.7M to $9.84M.

Destinations: In January 2021 Forage Crops exported mostly to Japan ($49.2M), China ($24.5M), South Korea ($18.9M), Saudi Arabia ($5.99M), and Taiwan ($5.44M), and imported mostly from Canada ($9.38M), Mexico ($396k), China ($29.8k), Netherlands ($20.9k), and Poland ($5.8k).

Growth: In January 2021, the increase in Forage Crops's year-by-year exports was explained primarily by an increase in exports to China ($4.45M or 22.2%), Japan ($3.33M or 7.25%), and Qatar ($287k or 41.8%). In January 2021, the increase in Forage Crops's year-by-year imports was explained primarily by an increase in imports from Canada ($1.3M or 16.1%) and China ($2.77k or 10.2%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (January 2020 - January 2021): $2.3M, (2.1%)

IMPORT GROWTH (January 2020 - January 2021): $1.15M, (13.2%)

MAIN EXPORTER (January 2021): California, $46.2M

MAIN DESTINATION (January 2021): Japan, $49.2M

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.

Value

EXPORTS (2019): $1.54B

IMPORTS (2019): $92.1M

NET TRADE (2019): $1.45B

In 2019, United States exported $1.54B in Forage Crops. The main destinations of United States exports on Forage Crops were Japan ($573M), China ($339M), South Korea ($257M), Saudi Arabia ($145M), and United Arab Emirates ($114M).

In 2019, United States imported $92.1M in Forage Crops, mainly from Canada ($76.3M), Mexico ($12.6M), France ($2.07M), China ($270k), and Germany ($239k).

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IN 2019, United States HAD A POSITIVE NET TRADE IN Forage Crops WITH:

IN 2019, United States HAD A NEGATIVE NET TRADE IN Forage Crops WITH:

Flow

THE FASTEST GROWING Forage Crops EXPORT MARKETS FOR United States WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forage Crops BY United States WERE (2018 - 2019):

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Market Concentration

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Type

In 2018, United States's main exporting competitors in Forage Crops were:

In 2018, United States's main importing competitors in Forage Crops were:

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Tariffs by Country

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In 2018, the average tariff for United States in Forage Crops was 0.45%.

The countries with the highest tariffs for Forage Crops in United States were Algeria (0.7%), Egypt (0.7%), Eritrea (0.7%), Western Sahara (0.7%), and Equatorial Guinea (0.7%).

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