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2023
Exports $252MWorld Rnk 1 / 76
Flag Rnk 522 / 1217
2023
Destination $1.67M Belgium
2022 - 2023
FASTEST GROWING MARKET $1.67MHong Kong
2023
PRODUCT COMPLEXITY IN Hops0.45Rnk 386 / 1025
2023
Imports $67.6MWorld Rnk 2 / 162
Flag Rnk 917 / 1215
2023
Origin $1.54M New Zealand
2022 - 2023
FASTEST GROWING ORIGIN $1.54MAustralia
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $252M in Hops, making it the 1st largest exporter of Hops in the world. At the same year, Hops was the 522nd most exported product in United States. The main destination of Hops exports from United States are: Belgium ($45M), Canada ($39.6M), Germany ($26.5M), United Kingdom ($25.6M), and Australia ($21.9M).

The fastest growing export markets for Hops of United States between 2022 and 2023 were Hong Kong ($1.67M), Canada ($1.45M), and Chile ($1.42M).

Imports In 2023, United States imported $67.6M in Hops, becoming the 2nd largest importer of Hops in the world. At the same year, Hops was the 917th most imported product in United States. United States imports Hops primarily from: New Zealand ($25.8M), Australia ($18.6M), Germany ($17.9M), Czechia ($1.65M), and Canada ($1.04M).

The fastest growing import markets in Hops for United States between 2022 and 2023 were Australia ($1.54M), Canada ($654k), and New Zealand ($627k).

COMPANIES In 2023, leading companies such as Amazon (26), CrimsonLogic (5), and Walmart (3) were at the forefront of shipping Hops to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Hops exports accounted up to $20.6M and imports accounted up to $975k, resulting in a positive trade balance of $19.6M. Between November 2023 and November 2024 the exports of United States'   Hops have increased by $5.61M (37.4%) from $15M to $20.6M, while imports decreased by $-494k (-33.7%) from $1.47M to $975k.

Destinations In November 2024, Hops were exported mostly to Belgium ($6.93M), Canada ($3.23M), Germany ($3.2M), Brazil ($1.89M), and Argentina ($1.37M), and were imported mostly from Germany ($497k), New Zealand ($444k), United Kingdom ($26.7k), Czechia ($3.79k), and Canada ($2.78k).

Growth In November 2024, the increase in Hops's year-by-year exports was explained primarily by an increase in exports to Germany ($5.47M or 185%), Australia ($4.63M or 270%), and Belgium ($2.76M or 31%). In November 2024, the decrease in Hops's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$5.61M(37.4%)
IMPORT GROWTH (November 2023 - November 2024)$-494k(-33.7%)
MAIN EXPORTER (November 2024)Washington$28.8M
MAIN DESTINATION (November 2024)Belgium$6.93M

This section shows Hops'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 Hops over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$252M
IMPORTS (2023)$67.6M
NET TRADE (2023)$184M

In 2023, United States exported $252M in Hops. The main destinations of United States exports on Hops were Belgium ($45M), Canada ($39.6M), Germany ($26.5M), United Kingdom ($25.6M), and Australia ($21.9M).

In 2023, United States imported $67.6M in Hops, mainly from New Zealand ($25.8M), Australia ($18.6M), Germany ($17.9M), Czechia ($1.65M), and Canada ($1.04M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hops EXPORT MARKETS FOR United States WERE (2022 - 2023):
Hong Kong$1.67M (224%)
Canada$1.45M (3.79%)
Chile$1.42M (102%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hops BY United States WERE (2022 - 2023):
Germany-$18.4M (-41%)
Brazil-$4.85M (-27%)
Australia-$3.77M (-14.7%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Hops were:
Germany $238M
Czechia $53.5M
In 2023, United States's main importing competitors in Hops were:
Germany $74.2M
Belgium $60.2M

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Trade Value of Hops by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.81M
TOP IMPORT POTENTIALCzechia+ $830k

Hops’s highest export potential is China. With an export gap of $1.81M.   Hops’s highest import potential is Czechia with an import gap of $830k.

See methodology.

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