Oil Seed Flower in United States 2020 Exports | Imports : $318M | $22.9M, World Rnk 1 / 125 Rnk 432 / 1217 | World Rnk 14 / 195 Rnk 1024 / 1214
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $38.7M | $2.19M, Bangladesh | India
2020 ECONOMIC COMPLEXITY of United States: 1.56, Rnk 9 / 127
2020 PRODUCT COMPLEXITY IN Oil Seed Flower: -0.83, Rnk 790 / 1029
Exports In 2020, United States exported $318M in Oil Seed Flower, making it the 1st largest exporter of Oil Seed Flower in the world. At the same year, Oil Seed Flower was the 432nd most exported product in United States. The main destination of Oil Seed Flower exports from United States are: Indonesia ($41.4M), Bangladesh ($39.1M), Japan ($33.9M), Vietnam ($27.3M), and Venezuela ($25.8M).
The fastest growing export markets for Oil Seed Flower of United States between 2019 and 2020 were Bangladesh ($38.7M), Indonesia ($37.3M), and Venezuela ($22.1M).
Imports In 2020, United States imported $22.9M in Oil Seed Flower, becoming the 14th largest importer of Oil Seed Flower in the world. At the same year, Oil Seed Flower was the 1024th most imported product in United States. United States imports Oil Seed Flower primarily from: Canada ($10.9M), India ($3.47M), Egypt ($1.84M), China ($1.23M), and Turkey ($907k).
The fastest growing import markets in Oil Seed Flower for United States between 2019 and 2020 were India ($2.19M), Egypt ($1.42M), and Turkey ($906k).
Tariffs In 2018, the average tariff for United States in Oil Seed Flower was 1.06%. The countries with the highest import tariffs for Oil Seed Flower were Algeria (Most Favoured Nation duty rate treatement, 1.65%), Egypt (Most Favoured Nation duty rate treatement, 1.65%), Eritrea (Most Favoured Nation duty rate treatement, 1.65%), Western Sahara (Most Favoured Nation duty rate treatement, 1.65%), and Equatorial Guinea (Most Favoured Nation duty rate treatement, 1.65%).
December 2022
Overview In December 2022 United States' Oil Seed Flower exports accounted up to $118M and imports accounted up to $2.6M, resulting in a positive trade balance of $115M. Between December 2021 and December 2022 the exports of United States' Oil Seed Flower have increased by $30.8M (35.4%) from $87M to $118M, while imports increased by $1.02M (64.3%) from $1.58M to $2.6M.
Destinations In December 2022, Oil Seed Flower were exported mostly to Philippines ($43M), Vietnam ($26.2M), Chile ($24M), Japan ($15.1M), and Canada ($3.49M), and were imported mostly from Canada ($1.99M), Chile ($228k), Mexico ($219k), Bulgaria ($56.3k), and Netherlands ($49.8k).
Growth In December 2022, the increase in Oil Seed Flower's year-by-year exports was explained primarily by an increase in exports to Thailand ($20.5M or 85.7k%), Philippines ($12.2M or 26.8%), and Trinidad and Tobago ($1.12M or 319%). In December 2022, the increase in Oil Seed Flower's year-by-year imports was explained primarily by an increase in imports from China ($133k or 475%), Peru ($25k or 24.8%), and South Korea ($15.7k or 45.8%).
EXPORT GROWTH (December 2021 - December 2022): $30.8M, (35.4%)
IMPORT GROWTH (December 2021 - December 2022): $1.02M, (64.3%)
MAIN EXPORTER (December 2022): Washington, $105M
MAIN DESTINATION (December 2022): Philippines, $43M
This section shows Oil Seed Flower'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 Oil Seed Flower over time.
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EXPORTS (2020): $318M
IMPORTS (2020): $22.9M
NET TRADE (2020): $295M
In 2020, United States exported $318M in Oil Seed Flower. The main destinations of United States exports on Oil Seed Flower were Indonesia ($41.4M), Bangladesh ($39.1M), Japan ($33.9M), Vietnam ($27.3M), and Venezuela ($25.8M).
In 2020, United States imported $22.9M in Oil Seed Flower, mainly from Canada ($10.9M), India ($3.47M), Egypt ($1.84M), China ($1.23M), and Turkey ($907k).
THE FASTEST GROWING Oil Seed Flower EXPORT MARKETS FOR United States WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Oil Seed Flower BY United States WERE (2019 - 2020):
In 2020, United States's main exporting competitors in Oil Seed Flower were:
In 2020, United States's main importing competitors in Oil Seed Flower were:
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