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2022
Exports $298MWorld Rnk 1 / 85
Flag Rnk 504 / 1217
2022
Destination $15.2M Germany
2021 - 2022
FASTEST GROWING MARKET $15.2MUnited Kingdom
2022
PRODUCT COMPLEXITY IN Hops0.45Rnk 387 / 1025
2022
Imports $67.1MWorld Rnk 3 / 160
Flag Rnk 928 / 1216
2022
Origin $7.49M Germany
2021 - 2022
FASTEST GROWING ORIGIN $7.49MNew Zealand
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $298M in Hops, making it the 1st largest exporter of Hops in the world. At the same year, Hops was the 504th most exported product in United States. The main destination of Hops exports from United States are: Germany ($44.3M), United Kingdom ($44.2M), Belgium ($41.3M), Canada ($40.4M), and Australia ($22M).

The fastest growing export markets for Hops of United States between 2021 and 2022 were United Kingdom ($15.2M), Germany ($10.7M), and China ($6.25M).

Imports In 2022, United States imported $67.1M in Hops, becoming the 3rd largest importer of Hops in the world. At the same year, Hops was the 928th most imported product in United States. United States imports Hops primarily from: Germany ($26M), New Zealand ($23.3M), Australia ($12.7M), Czechia ($1.6M), and United Kingdom ($1.38M).

The fastest growing import markets in Hops for United States between 2021 and 2022 were New Zealand ($7.49M), United Kingdom ($943k), and Czechia ($503k).

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

August 2024

About

Overview In August 2024 United States' Hops exports accounted up to $9.65M and imports accounted up to $3.03M, resulting in a positive trade balance of $6.61M. Between August 2023 and August 2024 the exports of United States'   Hops have decreased by $-2.17M (-18.3%) from $11.8M to $9.65M, while imports decreased by $-6.85M (-69.3%) from $9.88M to $3.03M.

Destinations In August 2024, Hops were exported mostly to Canada ($1.79M), Brazil ($1.42M), Belgium ($1.22M), Australia ($1.03M), and China ($827k), and were imported mostly from Australia ($1.76M), New Zealand ($669k), Germany ($531k), Belgium ($41k), and Canada ($17.8k).

Growth In August 2024, the decrease in Hops's year-by-year exports was explained primarily by a decrease in exports to United Kingdom ($-3.33M or -69.5%), Hong Kong ($-1.28M or -79.9%), and Netherlands ($-1.1M or -70.2%). In August 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 (August 2023 - August 2024)$-2.17M(-18.3%)
IMPORT GROWTH (August 2023 - August 2024)$-6.85M(-69.3%)
MAIN EXPORTER (August 2024)Washington$28.8M
MAIN DESTINATION (August 2024)Canada$1.79M

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 (2022)$298M
IMPORTS (2022)$67.1M
NET TRADE (2022)$231M

In 2022, United States exported $298M in Hops. The main destinations of United States exports on Hops were Germany ($44.3M), United Kingdom ($44.2M), Belgium ($41.3M), Canada ($40.4M), and Australia ($22M).

In 2022, United States imported $67.1M in Hops, mainly from Germany ($26M), New Zealand ($23.3M), Australia ($12.7M), Czechia ($1.6M), and United Kingdom ($1.38M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hops EXPORT MARKETS FOR United States WERE (2021 - 2022):
United Kingdom$15.2M (52.5%)
Germany$10.7M (32%)
China$6.25M (72.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hops BY United States WERE (2021 - 2022):
Belgium-$15.7M (-27.5%)
Canada-$3.28M (-7.52%)
Chile-$1.97M (-56.5%)
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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 Hops were:
Germany $284M
Czechia $63.1M
In 2022, United States's main importing competitors in Hops were:
Germany $81.7M
United Kingdom $78.3M

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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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