Rice in United States

EXPORTS (2018): $1.7B, World Rnk 5 / 153
Flag Rnk 158 / 1222

TOP DESTINATION (2018): $270M, Mexico

FASTEST GROWING MARKET (2017 - 2018): $128M, Canada

IMPORTS (2018): $896M, World Rnk 6 / 213
Flag Rnk 370 / 1217

TOP ORIGIN (2018): $539M, Thailand

FASTEST GROWING ORIGIN (2017 - 2018): $150M, Thailand

ECONOMIC COMPLEXITY of United States (2018): 1.57, Rnk 9 / 137

PRODUCT COMPLEXITY  IN Rice (2018): -1.61, Rnk 956 / 1018

Exports: In 2018, United States exported $1.7B in Rice, making it the 5th largest exporter of Rice in the world. At the same year, Rice was the 158th most exported product in United States. The main destination of Rice exports from United States are: Mexico ($270M), Japan ($244M), Haiti ($206M), Canada ($174M), and Iraq ($88.7M).

The fastest growing export markets for Rice of United States between 2017 and 2018 were Canada ($128M), Iraq ($69.4M), and Japan ($51.5M).

Imports: In 2018, United States imported $896M in Rice, becoming the 6th largest importer of Rice in the world. At the same year, Rice was the 370th most imported product in United States. United States imports Rice primarily from: Thailand ($539M), India ($202M), Pakistan ($28.9M), China ($26.3M), and Brazil ($20.6M).

The fastest growing import markets in Rice for United States between 2017 and 2018 were Thailand ($150M), India ($18.5M), and China ($17.8M).

Tariffs: In 2018, the average tariff for United States in Rice was 5.49%. The countries with the highest import tariffs for Rice were Equatorial Guinea (11.2%), Libya (11.2%), Mayotte (11.2%), Reunion (11.2%), and Sudan (11.2%).

Overview: In October 2020 United States' Rice exports accounted up to $144M and imports accounted up to $91.8M, resulting in a positive trade balance of $52.7M. Between October 2019 and October 2020 the exports of United States'   Rice have decreased by $-6.7M (-4.43%) from $151M to $144M, while imports increased by $7.38M (8.74%) from $84.4M to $91.8M.

Destinations: In October 2020 Rice exported mostly to Haiti ($19.8M), Canada ($19.2M), Mexico ($17.9M), Saudi Arabia ($11.6M), and Japan ($11.2M), and imported mostly from Thailand ($48.7M), India ($30.5M), Pakistan ($3.73M), Brazil ($2M), and Italy ($963k).

Growth: In October 2020, the decrease in Rice's year-by-year exports was explained primarily by a decrease in exports to Mexico ($-11.7M or -39.5%), Venezuela ($-3M or -95.1%), and Honduras ($-1.98M or -17.7%). In October 2020, the increase in Rice's year-by-year imports was explained primarily by an increase in imports from India ($10.7M or 53.7%), Uruguay ($380k or 462%), and Pakistan ($279k or 8.09%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (October 2019 - October 2020): $-6.7M, (-4.43%)

IMPORT GROWTH (October 2019 - October 2020): $7.38M, (8.74%)

MAIN EXPORTER (October 2020): Louisiana, $52.9M

MAIN DESTINATION (October 2020): Haiti, $19.8M

This section shows Rice'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 Rice over time.

Value

EXPORTS (2018): $1.7B

IMPORTS (2018): $896M

NET TRADE (2018): $807M

In 2018, United States exported $1.7B in Rice. The main destinations of United States exports on Rice were Mexico ($270M), Japan ($244M), Haiti ($206M), Canada ($174M), and Iraq ($88.7M).

In 2018, United States imported $896M in Rice, mainly from Thailand ($539M), India ($202M), Pakistan ($28.9M), China ($26.3M), and Brazil ($20.6M).

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IN 2018, United States HAD A POSITIVE NET TRADE IN Rice WITH:

IN 2018, United States HAD A NEGATIVE NET TRADE IN Rice WITH:

Flow

THE FASTEST GROWING Rice EXPORT MARKETS FOR United States WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rice BY United States WERE (2017 - 2018):

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Market Concentration

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Type

In 2018, United States's main exporting competitors in Rice were:

In 2018, United States's main importing competitors in Rice were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Rice in United States. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2018, the average tariff for United States in Rice was 5.49%.

The countries with the highest tariffs for Rice in United States were Equatorial Guinea (11.2%), Libya (11.2%), Mayotte (11.2%), Reunion (11.2%), and Sudan (11.2%).

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