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2022
Exports $168MWorld Rnk 3 / 158
Flag Rnk 630 / 1217
2022
Destination $18M Mexico
2021 - 2022
FASTEST GROWING MARKET $18MCanada
2022
PRODUCT COMPLEXITY IN Processed Cereals-0.77Rnk 775 / 1025
2022
Imports $597MWorld Rnk 1 / 218
Flag Rnk 495 / 1216
2022
Origin $173M Canada
2021 - 2022
FASTEST GROWING ORIGIN $173MCanada
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $168M in Processed Cereals, making it the 3rd largest exporter of Processed Cereals in the world. At the same year, Processed Cereals was the 630th most exported product in United States. The main destination of Processed Cereals exports from United States are: Mexico ($87.3M), Canada ($41.5M), Japan ($5.53M), Nigeria ($5.44M), and Israel ($4.94M).

The fastest growing export markets for Processed Cereals of United States between 2021 and 2022 were Canada ($18M), Mexico ($17.1M), and Nigeria ($4.11M).

Imports In 2022, United States imported $597M in Processed Cereals, becoming the 1st largest importer of Processed Cereals in the world. At the same year, Processed Cereals was the 495th most imported product in United States. United States imports Processed Cereals primarily from: Canada ($472M), Turkey ($83.7M), Ireland ($8.84M), Chile ($5.68M), and Mexico ($3.53M).

The fastest growing import markets in Processed Cereals for United States between 2021 and 2022 were Canada ($173M), Ireland ($5.56M), and Turkey ($3.75M).

COMPANIES In 2023, leading companies such as Walmart (6), Riviana Foods (5), and Loblaws Supermarkets (5) were at the forefront of shipping Processed Cereals to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Processed Cereals exports accounted up to $26M and imports accounted up to $35.9M, resulting in a negative trade balance of $9.95M. Between June 2023 and June 2024 the exports of United States'   Processed Cereals have increased by $16.5M (173%) from $9.5M to $26M, while imports decreased by $-3.37M (-8.57%) from $39.3M to $35.9M.

Destinations In June 2024, Processed Cereals were exported mostly to Mexico ($21.2M), Canada ($2.58M), Israel ($659k), Chinese Taipei ($308k), and South Korea ($267k), and were imported mostly from Canada ($29.4M), Turkey ($4.34M), Ireland ($655k), Chile ($346k), and Italy ($240k).

Growth In June 2024, the increase in Processed Cereals's year-by-year exports was explained primarily by an increase in exports to Canada ($330k or 13.3%), Israel ($321k or 164%), and Trinidad and Tobago ($100k or 58.2%). In June 2024, the decrease in Processed Cereals's year-by-year imports was explained primarily by a decrease in imports from Chile ($-358k or -69.4%), China ($-111k or -59.3%), and South Korea ($-47k or -75.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$16.5M(173%)
IMPORT GROWTH (June 2023 - June 2024)$-3.37M(-8.57%)
MAIN EXPORTER (June 2024)Texas$13.1M
MAIN DESTINATION (June 2024)Mexico$21.2M

This section shows Processed Cereals'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 Processed Cereals over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$168M
IMPORTS (2022)$597M
NET TRADE (2022)-$429M

In 2022, United States exported $168M in Processed Cereals. The main destinations of United States exports on Processed Cereals were Mexico ($87.3M), Canada ($41.5M), Japan ($5.53M), Nigeria ($5.44M), and Israel ($4.94M).

In 2022, United States imported $597M in Processed Cereals, mainly from Canada ($472M), Turkey ($83.7M), Ireland ($8.84M), Chile ($5.68M), and Mexico ($3.53M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Processed Cereals EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$18M (76.7%)
Mexico$17.1M (24.4%)
Nigeria$4.11M (311%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Cereals BY United States WERE (2021 - 2022):
Saudi Arabia-$1.99M (-94.7%)
Japan-$814k (-12.8%)
Philippines-$686k (-61.4%)
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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 Processed Cereals were:
Canada $502M
Germany $183M
In 2022, United States's main importing competitors in Processed Cereals were:
Germany $131M
China $127M

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Trade Value of Processed Cereals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $1.53M
TOP IMPORT POTENTIALChile+ $4.47M

Processed Cereals’s highest export potential is Japan. With an export gap of $1.53M.   Processed Cereals’s highest import potential is Chile with an import gap of $4.47M.

See methodology.

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