Forage Crops in United States

EXPORTS (2018): $1.42B, World Rnk 1 / 97
Flag Rnk 186 / 1222

TOP DESTINATION (2018): $514M, Japan

FASTEST GROWING MARKET (2017 - 2018): $86.5M, United Arab Emirates

IMPORTS (2018): $85.8M, World Rnk 6 / 157
Flag Rnk 863 / 1217

TOP ORIGIN (2018): $67.4M, Canada

FASTEST GROWING ORIGIN (2017 - 2018): $11M, Canada

ECONOMIC COMPLEXITY of United States (2018): 1.57, Rnk 9 / 137

PRODUCT COMPLEXITY  IN Forage Crops (2018): -1.31, Rnk 902 / 1018

Exports: In 2018, United States exported $1.42B in Forage Crops, making it the 1st largest exporter of Forage Crops in the world. At the same year, Forage Crops was the 186th most exported product in United States. The main destination of Forage Crops exports from United States are: Japan ($514M), China ($320M), South Korea ($244M), Saudi Arabia ($161M), and United Arab Emirates ($86.9M).

The fastest growing export markets for Forage Crops of United States between 2017 and 2018 were United Arab Emirates ($86.5M), Saudi Arabia ($51.6M), and Japan ($44.5M).

Imports: In 2018, United States imported $85.8M in Forage Crops, becoming the 6th largest importer of Forage Crops in the world. At the same year, Forage Crops was the 863rd most imported product in United States. United States imports Forage Crops primarily from: Canada ($67.4M), Mexico ($16.1M), China ($809k), Australia ($479k), and Italy ($251k).

The fastest growing import markets in Forage Crops for United States between 2017 and 2018 were Canada ($11M), Mexico ($8.3M), and China ($320k).

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 October 2020 United States' Forage Crops exports accounted up to $131M and imports accounted up to $11M, resulting in a positive trade balance of $120M. Between October 2019 and October 2020 the exports of United States'   Forage Crops have decreased by $-24.2M (-15.6%) from $155M to $131M, while imports increased by $1.77M (19.2%) from $9.21M to $11M.

Destinations: In October 2020 Forage Crops exported mostly to Japan ($45.9M), China ($39.1M), South Korea ($23.8M), Saudi Arabia ($6.5M), and Taiwan ($5.19M), and imported mostly from Canada ($7.26M), France ($2.46M), Mexico ($1.11M), China ($126k), and Ecuador ($22.9k).

Growth: In October 2020, the decrease in Forage Crops's year-by-year exports was explained primarily by a decrease in exports to China ($-10.1M or -20.5%), Saudi Arabia ($-8.1M or -55.5%), and United Arab Emirates ($-4.72M or -50.3%). In October 2020, the increase in Forage Crops's year-by-year imports was explained primarily by an increase in imports from Canada ($947k or 15%), France ($446k or 22.2%), and Mexico ($282k or 34.1%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (October 2019 - October 2020): $-24.2M, (-15.6%)

IMPORT GROWTH (October 2019 - October 2020): $1.77M, (19.2%)

MAIN EXPORTER (October 2020): Washington, $45M

MAIN DESTINATION (October 2020): Japan, $45.9M

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 (2018): $1.42B

IMPORTS (2018): $85.8M

NET TRADE (2018): $1.33B

In 2018, United States exported $1.42B in Forage Crops. The main destinations of United States exports on Forage Crops were Japan ($514M), China ($320M), South Korea ($244M), Saudi Arabia ($161M), and United Arab Emirates ($86.9M).

In 2018, United States imported $85.8M in Forage Crops, mainly from Canada ($67.4M), Mexico ($16.1M), China ($809k), Australia ($479k), and Italy ($251k).

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IN 2018, United States HAD A POSITIVE NET TRADE IN Forage Crops WITH:

IN 2018, United States HAD A NEGATIVE NET TRADE IN Forage Crops WITH:

Flow

THE FASTEST GROWING Forage Crops EXPORT MARKETS FOR United States WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forage Crops BY United States WERE (2017 - 2018):

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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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Trade Forecasts

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This section shows forecasts for total exports and imports, for Forage Crops in United States. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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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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