Honey in United States | The Observatory of Economic Complexity

About

Exports In 2022, United States exported $33.1M in Honey, making it the 21st largest exporter of Honey in the world. At the same year, Honey was the 919th most exported product in United States. The main destination of Honey exports from United States are: Canada ($17.7M), South Korea ($3.12M), Japan ($2.12M), Philippines ($1.73M), and Kuwait ($1.37M).

The fastest growing export markets for Honey of United States between 2021 and 2022 were Canada ($5.9M), Philippines ($805k), and Japan ($606k).

Imports In 2022, United States imported $745M in Honey, becoming the 1st largest importer of Honey in the world. At the same year, Honey was the 456th most imported product in United States. United States imports Honey primarily from: India ($208M), Argentina ($153M), Brazil ($105M), New Zealand ($59.1M), and Mexico ($49.9M).

The fastest growing import markets in Honey for United States between 2021 and 2022 were India ($94.1M), Mexico ($33.9M), and Uruguay ($16.6M).

COMPANIES In 2023, leading companies such as SOL GROUP MARKETING COMPANY (16.5k), AYCO FARMS INC (2.45k), and IKEA SUPPLY AG (2k) were at the forefront of shipping Honey to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United States' Honey exports accounted up to $2.19M and imports accounted up to $35.6M, resulting in a negative trade balance of $33.4M. Between January 2023 and January 2024 the exports of United States' Honey have decreased by $-598k (-21.4%) from $2.79M to $2.19M, while imports decreased by $-14M (-28.3%) from $49.7M to $35.6M.

Destinations In January 2024, Honey were exported mostly to Canada ($1.93M), Bahamas ($51k), Philippines ($34.7k), Panama ($34k), and South Korea ($25.3k), and were imported mostly from India ($11.2M), Argentina ($6.75M), Brazil ($3.73M), New Zealand ($3.3M), and Canada ($1.88M).

Growth In January 2024, the decrease in Honey's year-by-year exports was explained primarily by a decrease in exports to South Korea ($-61.4k or -76.1%), Philippines ($-58.2k or -87.1%), and Aruba ($-12.5k or -70.5%). In January 2024, the decrease in Honey's year-by-year imports was explained primarily by a decrease in imports from Mexico ($-2.14M or -53.2%), New Zealand ($-1.19M or -21.6%), and Chile ($-306k or -96.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-598k(-21.4%)

IMPORT GROWTH (January 2023 - January 2024)$-14M(-28.3%)

MAIN EXPORTER (January 2024)New Jersey$817k

MAIN DESTINATION (January 2024)Canada$1.93M

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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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$33.1M

IMPORTS (2022)$745M

NET TRADE (2022)-$712M

In 2022, United States exported $33.1M in Honey. The main destinations of United States exports on Honey were Canada ($17.7M), South Korea ($3.12M), Japan ($2.12M), Philippines ($1.73M), and Kuwait ($1.37M).

In 2022, United States imported $745M in Honey, mainly from India ($208M), Argentina ($153M), Brazil ($105M), New Zealand ($59.1M), and Mexico ($49.9M).

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