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2022
Exports $41.9MWorld Rnk 10 / 136
Flag Rnk 891 / 1217
2022
Destination $3.71M Canada
2021 - 2022
FASTEST GROWING MARKET $3.71MUnited Kingdom
2022
PRODUCT COMPLEXITY IN Molasses-1.56Rnk 955 / 1025
2022
Imports $180MWorld Rnk 1 / 193
Flag Rnk 774 / 1216
2022
Origin $14.2M Guatemala
2021 - 2022
FASTEST GROWING ORIGIN $14.2MHonduras
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $41.9M in Molasses, making it the 10th largest exporter of Molasses in the world. At the same year, Molasses was the 891st most exported product in United States. The main destination of Molasses exports from United States are: Canada ($17.9M), United Kingdom ($8.74M), Mexico ($3.93M), Ireland ($3.01M), and Denmark ($2.08M).

The fastest growing export markets for Molasses of United States between 2021 and 2022 were United Kingdom ($3.71M), Mexico ($2.99M), and Ireland ($2.42M).

Imports In 2022, United States imported $180M in Molasses, becoming the 1st largest importer of Molasses in the world. At the same year, Molasses was the 774th most imported product in United States. United States imports Molasses primarily from: Guatemala ($42.3M), El Salvador ($31.8M), Honduras ($24.1M), Dominican Republic ($18M), and Nicaragua ($16.3M).

The fastest growing import markets in Molasses for United States between 2021 and 2022 were Honduras ($14.2M), El Salvador ($11.9M), and Nicaragua ($10.2M).

COMPANIES In 2023, leading companies such as Trumpf (49), Goya Foods (6), and Walgreens (3) were at the forefront of shipping Molasses to the United States.

Latest Trends

September 2024

About

Overview In September 2024 United States' Molasses exports accounted up to $7.07M and imports accounted up to $12.6M, resulting in a negative trade balance of $5.49M. Between September 2023 and September 2024 the exports of United States'   Molasses have increased by $4.81M (214%) from $2.25M to $7.07M, while imports decreased by $-8.74M (-41.1%) from $21.3M to $12.6M.

Destinations In September 2024, Molasses were exported mostly to Italy ($3.22M), Turkey ($2.5M), Canada ($1.02M), United Kingdom ($101k), and Portugal ($81.7k), and were imported mostly from Guatemala ($7.21M), El Salvador ($2.39M), Brazil ($1.92M), Nicaragua ($597k), and Lebanon ($191k).

Growth In September 2024, the increase in Molasses's year-by-year exports was explained primarily by an increase in exports to Canada ($1.9M or 117%). In September 2024, the decrease in Molasses's year-by-year imports was explained primarily by a decrease in imports from El Salvador ($-6.49M or -97.7%), Guatemala ($-758k or -12.8%), and Colombia ($-186k or -90.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$4.81M(214%)
IMPORT GROWTH (September 2023 - September 2024)$-8.74M(-41.1%)
MAIN EXPORTER (September 2024)Florida$5.72M
MAIN DESTINATION (September 2024)Italy$3.22M

This section shows Molasses'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 Molasses over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$41.9M
IMPORTS (2022)$180M
NET TRADE (2022)-$138M

In 2022, United States exported $41.9M in Molasses. The main destinations of United States exports on Molasses were Canada ($17.9M), United Kingdom ($8.74M), Mexico ($3.93M), Ireland ($3.01M), and Denmark ($2.08M).

In 2022, United States imported $180M in Molasses, mainly from Guatemala ($42.3M), El Salvador ($31.8M), Honduras ($24.1M), Dominican Republic ($18M), and Nicaragua ($16.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Molasses EXPORT MARKETS FOR United States WERE (2021 - 2022):
United Kingdom$3.71M (73.9%)
Mexico$2.99M (317%)
Ireland$2.42M (411%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Molasses BY United States WERE (2021 - 2022):
France-$163k (-87.7%)
Trinidad and Tobago-$107k (-93.8%)
Qatar-$94.9k (-91.2%)
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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 Molasses were:
India $348M
Indonesia $117M
Russia $80.8M
In 2022, United States's main importing competitors in Molasses were:
United Kingdom $135M
Netherlands $112M

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Trade Value of Molasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSouth Korea+ $434k
TOP IMPORT POTENTIALIndia+ $4.57M

Molasses’s highest export potential is South Korea. With an export gap of $434k.   Molasses’s highest import potential is India with an import gap of $4.57M.

See methodology.

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