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2022
Exports $7.48BWorld Rnk 1 / 218
Flag Rnk 42 / 1217
2022
Destination $146M Canada
2021 - 2022
FASTEST GROWING MARKET $146MCanada
2022
PRODUCT COMPLEXITY IN Other Edible Preparations0.054Rnk 531 / 1025
2022
Imports $8.4BWorld Rnk 1 / 226
Flag Rnk 75 / 1216
2022
Origin $568M Singapore
2021 - 2022
FASTEST GROWING ORIGIN $568MSingapore
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $7.48B in Other Edible Preparations, making it the 1st largest exporter of Other Edible Preparations in the world. At the same year, Other Edible Preparations was the 42nd most exported product in United States. The main destination of Other Edible Preparations exports from United States are: Canada ($1.62B), South Korea ($780M), Mexico ($649M), China ($395M), and Chinese Taipei ($269M).

The fastest growing export markets for Other Edible Preparations of United States between 2021 and 2022 were Canada ($146M), Kuwait ($36.6M), and Aruba ($20.7M).

Imports In 2022, United States imported $8.4B in Other Edible Preparations, becoming the 1st largest importer of Other Edible Preparations in the world. At the same year, Other Edible Preparations was the 75th most imported product in United States. United States imports Other Edible Preparations primarily from: Singapore ($4.06B), Canada ($1.17B), China ($516M), Thailand ($224M), and Mexico ($206M).

The fastest growing import markets in Other Edible Preparations for United States between 2021 and 2022 were Singapore ($568M), Canada ($78.7M), and Mexico ($59.7M).

COMPANIES In 2023, leading companies such as IKEA Group (1.08k), Walmart (780), and Hall's Warehouse (587) were at the forefront of shipping Other Edible Preparations to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Other Edible Preparations exports accounted up to $628M and imports accounted up to $498M, resulting in a positive trade balance of $130M. Between August 2023 and August 2024 the exports of United States'   Other Edible Preparations have increased by $70.3M (12.6%) from $558M to $628M, while imports decreased by $-71.5M (-12.6%) from $569M to $498M.

Destinations In August 2024, Other Edible Preparations were exported mostly to Canada ($163M), Mexico ($66M), South Korea ($61M), China ($35.1M), and Netherlands ($23.2M), and were imported mostly from Singapore ($143M), Canada ($91.5M), China ($50.1M), Mexico ($22.1M), and Germany ($18.2M).

Growth In August 2024, the increase in Other Edible Preparations's year-by-year exports was explained primarily by an increase in exports to Canada ($22.6M or 20.2%), China ($7.46M or 33.7%), and Mexico ($6.86M or 17%). In August 2024, the decrease in Other Edible Preparations's year-by-year imports was explained primarily by a decrease in imports from Singapore ($-37.1M or -7.79%), China ($-21.2M or -48.9%), and Japan ($-4.14M or -48.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$70.3M(12.6%)
IMPORT GROWTH (August 2023 - August 2024)$-71.5M(-12.6%)
MAIN EXPORTER (August 2024)California$138M
MAIN DESTINATION (August 2024)Canada$163M

This section shows Other Edible Preparations'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 Other Edible Preparations over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$7.48B
IMPORTS (2022)$8.4B
NET TRADE (2022)-$913M

In 2022, United States exported $7.48B in Other Edible Preparations. The main destinations of United States exports on Other Edible Preparations were Canada ($1.62B), South Korea ($780M), Mexico ($649M), China ($395M), and Chinese Taipei ($269M).

In 2022, United States imported $8.4B in Other Edible Preparations, mainly from Singapore ($4.06B), Canada ($1.17B), China ($516M), Thailand ($224M), and Mexico ($206M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Edible Preparations EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$146M (9.94%)
Kuwait$36.6M (205%)
Aruba$20.7M (137%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Edible Preparations BY United States WERE (2021 - 2022):
Netherlands-$94.4M (-27.4%)
Malaysia-$64.7M (-29.9%)
Thailand-$54.9M (-28.2%)
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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 Other Edible Preparations were:
Singapore $6.77B
Germany $4.94B
In 2022, United States's main importing competitors in Other Edible Preparations were:
China $2.83B
Germany $2.64B

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Trade Value of Other Edible Preparations by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $114M
TOP IMPORT POTENTIALCanada+ $252M

Other Edible Preparations’s highest export potential is China. With an export gap of $114M.   Other Edible Preparations’s highest import potential is Canada with an import gap of $252M.

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