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Swedes, mangolds, fodder roots, hay, lucerne (alfalfa), clover, sainfoin, forage kale, lupines, vetches and similar forage products, whether or not in the form of pellets

1214 (Harmonized System 1992 for 4-digit)

2023
World Trade $3.65BRnk 622 / 1217
2023
Top Exporter | Top Importer $1.63B | $770MUnited States | Japan
2023
Product Complexity -0.63Rnk 755 / 1044
2022 - 2023
Export Growth (CAGR) -16.1%Rnk 938 / 1217
2023
Share of World Trade 0.016%Rnk 622 / 1217

About

Overview This page contains the latest trade data of Forage Crops. In 2023, Forage Crops were the world's 622nd most traded product, with a total trade of $3.65B. Between 2022 and 2023 the exports of Forage Crops decreased by -16.1%, from $4.36B to $3.65B. Trade in Forage Crops represent 0.016% of total world trade.

Forage Crops are a part of Oils seeds, oleaginous fruits, grains, straw & fodder. They include Other fodder and forage products, roots, etc. and Lucerne (alfalfa) meal and pellets.

Exports In 2023 the top exporters of Forage Crops  were United States ($1.63B), Australia ($545M), Canada ($242M), Spain ($217M), and Italy ($181M).

Imports In 2023 the top importers of Forage Crops were Japan ($770M), China ($521M), South Korea ($453M), United Arab Emirates ($412M), and Saudi Arabia ($403M).

Ranking Forage Crops ranks 755th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Forage Crops. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)United States$1.63B
Top Destination (2023)Japan$770M

In 2023 Forage Crops were the world's 622nd most traded product (out of 1,217).

In 2023, the top exporters of Forage Crops were United States ($1.63B), Australia ($545M), Canada ($242M), Spain ($217M), and Italy ($181M).

In 2023, the top importers of Forage Crops were Japan ($770M), China ($521M), South Korea ($453M), United Arab Emirates ($412M), and Saudi Arabia ($403M).

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Exporters of Forage Crops (2023)
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Importers of Forage Crops (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Egypt$37.8M
Top Destination Growth (2022 -  2023)Saudi Arabia$95.5M

Between 2022 and 2023, the exports of Forage Crops grew the fastest in Egypt ($37.8M), China ($24.2M), Iraq ($18.3M), Belgium ($12.6M), and South Sudan ($12.5M).

Between 2022 and 2023, the fastest growing importers of Forage Crops were Saudi Arabia ($95.5M), Vietnam ($37.5M), Hong Kong ($24.2M), Canada ($14.5M), and Kuwait ($14.5M).

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Exporters of Forage Crops (2022 - 2023)

Importers of Forage Crops (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Forage Crops.

In 2023, market concentration measured using Shannon Entropy, was 3.14. This means that most of the exports of Forage Crops are explained by 8 countries.

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Value of Exports in Forage Crops

Net Trade

TOP NET EXPORTER (2023)United States$1.46B
TOP NET IMPORTER (2023)Japan$770M

This map shows which countries export or import more of Forage Crops. Each country is colored based on the difference in exports and imports of Forage Crops during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Forage Crops were United States ($1.46B), Australia ($545M), Canada ($207M), Spain ($197M), and Italy ($167M).

In 2023, the countries that had a largest trade value in imports than in exports of Forage Crops were Japan ($770M), China ($491M), South Korea ($453M), United Arab Emirates ($409M), and Saudi Arabia ($402M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Forage Crops, disaggragated by their HS6 level were Other fodder and forage products, roots,... ($3.17B) and Lucerne (alfalfa) meal and pellets ($483M)

HS6 Disaggregation for Forage Crops (2023)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Forage Crops.
It is possible to select the main countries that export or import Forage Crops in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Forage Crops by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALCanada+ $8.91M
TOP IMPORT POTENTIALCanada+ $2.57M

Forage Crops’s highest export potential is Canada. With an export gap of $8.91M.  Forage Crops’s highest import potential is Canada with an import gap of $2.57M.

See methodology.

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Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Forage Crops.

Country by Relatedness

The following visualization shows the relatedness of Forage Crops to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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