Honey in United States 2020 Exports | Imports : $25.9M | $419M, World Rnk 21 / 170 Rnk 922 / 1217 | World Rnk 1 / 211 Rnk 504 / 1214
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $1.86M | $16.9M, South Korea | Brazil
2020 ECONOMIC COMPLEXITY of United States: 1.56, Rnk 9 / 127
2020 PRODUCT COMPLEXITY IN Honey: -0.97, Rnk 829 / 1029
Exports In 2020, United States exported $25.9M in Honey, making it the 21st largest exporter of Honey in the world. At the same year, Honey was the 922nd most exported product in United States. The main destination of Honey exports from United States are: Canada ($10.8M), South Korea ($4.59M), Philippines ($1.86M), Chinese Taipei ($1.33M), and Kuwait ($1.19M).
The fastest growing export markets for Honey of United States between 2019 and 2020 were South Korea ($1.86M), Philippines ($431k), and Bahamas ($268k).
Imports In 2020, United States imported $419M in Honey, becoming the 1st largest importer of Honey in the world. At the same year, Honey was the 504th most imported product in United States. United States imports Honey primarily from: Argentina ($89.4M), Brazil ($71.3M), Vietnam ($64.7M), India ($58.3M), and New Zealand ($47.5M).
The fastest growing import markets in Honey for United States between 2019 and 2020 were Brazil ($16.9M), Vietnam ($15.4M), and New Zealand ($12.1M).
Tariffs In 2019, the average tariff for United States in Honey was 0.37%. The countries with the highest import tariffs for Honey were Algeria (Most Favoured Nation duty rate treatement, 0.57%), Egypt (Most Favoured Nation duty rate treatement, 0.57%), Eritrea (Most Favoured Nation duty rate treatement, 0.57%), Western Sahara (Most Favoured Nation duty rate treatement, 0.57%), and Equatorial Guinea (Most Favoured Nation duty rate treatement, 0.57%).
December 2022
Overview In December 2022 United States' Honey exports accounted up to $2.65M and imports accounted up to $46.4M, resulting in a negative trade balance of $43.8M. Between December 2021 and December 2022 the exports of United States' Honey have decreased by $-1.25M (-32%) from $3.9M to $2.65M, while imports increased by $22.3M (92.5%) from $24.1M to $46.4M.
Destinations In December 2022, Honey were exported mostly to Canada ($1.17M), South Korea ($477k), Japan ($392k), Philippines ($176k), and Hong Kong ($103k), and were imported mostly from India ($11.9M), Brazil ($8.98M), Argentina ($8.94M), New Zealand ($3.31M), and Vietnam ($2.98M).
Growth In December 2022, the decrease in Honey's year-by-year exports was explained primarily by a decrease in exports to Japan ($-400k or -97.3%), Panama ($-140k or -82.9%), and Taiwan ($-131k or -91.2%). In December 2022, the increase in Honey's year-by-year imports was explained primarily by an increase in imports from Mexico ($3.87M or 2.57k%), Canada ($768k or 94.4%), and Turkey ($403k or 105%).
EXPORT GROWTH (December 2021 - December 2022): $-1.25M, (-32%)
IMPORT GROWTH (December 2021 - December 2022): $22.3M, (92.5%)
MAIN EXPORTER (December 2022): California, $986k
MAIN DESTINATION (December 2022): Canada, $1.17M
This section shows Honey'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 Honey over time.
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EXPORTS (2020): $25.9M
IMPORTS (2020): $419M
NET TRADE (2020): -$393M
In 2020, United States exported $25.9M in Honey. The main destinations of United States exports on Honey were Canada ($10.8M), South Korea ($4.59M), Philippines ($1.86M), Chinese Taipei ($1.33M), and Kuwait ($1.19M).
In 2020, United States imported $419M in Honey, mainly from Argentina ($89.4M), Brazil ($71.3M), Vietnam ($64.7M), India ($58.3M), and New Zealand ($47.5M).
THE FASTEST GROWING Honey EXPORT MARKETS FOR United States WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Honey BY United States WERE (2019 - 2020):
In 2020, United States's main exporting competitors in Honey were:
In 2020, United States's main importing competitors in Honey were:
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