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2022
Exports $2.36BWorld Rnk 4 / 203
Flag Rnk 133 / 1217
2022
Destination $78.8M Canada
2021 - 2022
FASTEST GROWING MARKET $78.8MPanama
2022
PRODUCT COMPLEXITY IN Hard Liquor-0.52Rnk 708 / 1025
2022
Imports $10.9BWorld Rnk 1 / 224
Flag Rnk 60 / 1216
2022
Origin $928M Mexico
2021 - 2022
FASTEST GROWING ORIGIN $928MMexico
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $2.36B in Hard Liquor, making it the 4th largest exporter of Hard Liquor in the world. At the same year, Hard Liquor was the 133rd most exported product in United States. The main destination of Hard Liquor exports from United States are: Canada ($320M), United Kingdom ($184M), Netherlands ($177M), Australia ($164M), and Spain ($147M).

The fastest growing export markets for Hard Liquor of United States between 2021 and 2022 were Panama ($78.8M), United Kingdom ($71.4M), and Spain ($53.4M).

Imports In 2022, United States imported $10.9B in Hard Liquor, becoming the 1st largest importer of Hard Liquor in the world. At the same year, Hard Liquor was the 60th most imported product in United States. United States imports Hard Liquor primarily from: Mexico ($4.17B), France ($2.67B), United Kingdom ($1.76B), Canada ($493M), and Ireland ($485M).

The fastest growing import markets in Hard Liquor for United States between 2021 and 2022 were Mexico ($928M), United Kingdom ($338M), and Netherlands ($92M).

COMPANIES In 2023, leading companies such as Busa Distribution Center (1.52k), Diageo Beverages (1.17k), and Pernod Ricard (777) were at the forefront of shipping Hard Liquor to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Hard Liquor exports accounted up to $271M and imports accounted up to $1.02B, resulting in a negative trade balance of $748M. Between August 2023 and August 2024 the exports of United States'   Hard Liquor have increased by $56M (26.1%) from $215M to $271M, while imports increased by $56.8M (5.91%) from $962M to $1.02B.

Destinations In August 2024, Hard Liquor were exported mostly to Netherlands ($44.2M), Canada ($31.5M), France ($19.9M), Ireland ($19.8M), and Australia ($17.3M), and were imported mostly from Mexico ($485M), France ($178M), United Kingdom ($157M), Canada ($37.8M), and Ireland ($30.5M).

Growth In August 2024, the increase in Hard Liquor's year-by-year exports was explained primarily by an increase in exports to Netherlands ($40.9M or 472%), Australia ($7.99M or 156%), and Brazil ($3.32M or 123%). In August 2024, the increase in Hard Liquor's year-by-year imports was explained primarily by an increase in imports from Mexico ($81.1M or 26.7%), United Kingdom ($47.2M or 41.9%), and Italy ($5.38M or 39%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$56M(26.1%)
IMPORT GROWTH (August 2023 - August 2024)$56.8M(5.91%)
MAIN EXPORTER (August 2024)Texas$118M
MAIN DESTINATION (August 2024)Netherlands$44.2M

This section shows Hard Liquor'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 Hard Liquor over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.36B
IMPORTS (2022)$10.9B
NET TRADE (2022)-$8.51B

In 2022, United States exported $2.36B in Hard Liquor. The main destinations of United States exports on Hard Liquor were Canada ($320M), United Kingdom ($184M), Netherlands ($177M), Australia ($164M), and Spain ($147M).

In 2022, United States imported $10.9B in Hard Liquor, mainly from Mexico ($4.17B), France ($2.67B), United Kingdom ($1.76B), Canada ($493M), and Ireland ($485M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hard Liquor EXPORT MARKETS FOR United States WERE (2021 - 2022):
Panama$78.8M (160%)
United Kingdom$71.4M (63.2%)
Spain$53.4M (57.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hard Liquor BY United States WERE (2021 - 2022):
Russia-$32.6M (-98.8%)
Latvia-$9.18M (-48.2%)
Israel-$7.46M (-42.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Hard Liquor were:
United Kingdom $9.58B
France $6.3B
Mexico $4.86B
In 2022, United States's main importing competitors in Hard Liquor were:
China $2.58B
Germany $1.89B

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Trade Value of Hard Liquor by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $61.4M
TOP IMPORT POTENTIALCanada+ $193M

Hard Liquor’s highest export potential is Canada. With an export gap of $61.4M.   Hard Liquor’s highest import potential is Canada with an import gap of $193M.

See methodology.

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