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210410 (Harmonized System 1992 for 6-digit)

2023
World Trade $3.81BRnk 933 / 4644
2023
Top Exporter | Top Importer $783M | $526MUnited States | United States
2023
Product Complexity -0.66Rnk 3438 / 4656
2022 - 2023
Export Growth (CAGR) 14.9%Rnk 445 / 4644
2023
Share of World Trade 0.017%Rnk 933 / 4644

About

Overview This page contains the latest trade data of Soups and broths and preparations thereof. In 2023, Soups and broths and preparations thereof were the world's 933rd most traded product, with a total trade of $3.81B. Between 2022 and 2023 the exports of Soups and broths and preparations thereof grew by 14.9%, from $3.32B to $3.81B. Trade in Soups and broths and preparations thereof represent 0.017% of total world trade.

Soups and broths and preparations thereof are a part of Soups and Broths.

Exports In 2023 the top exporters of Soups and broths and preparations thereof  were United States ($783M), Spain ($203M), Canada ($200M), Germany ($186M), and China ($162M).

Imports In 2023 the top importers of Soups and broths and preparations thereof were United States ($526M), Mexico ($446M), Canada ($310M), Germany ($176M), and Netherlands ($158M).

Ranking Soups and broths and preparations thereof ranks 3438th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Soups and broths and preparations thereof. 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$783M
Top Destination (2023)United States$526M

In 2023 Soups and broths and preparations thereof were the world's 933rd most traded product (out of 4,644).

In 2023, the top exporters of Soups and broths and preparations thereof were United States ($783M), Spain ($203M), Canada ($200M), Germany ($186M), and China ($162M).

In 2023, the top importers of Soups and broths and preparations thereof were United States ($526M), Mexico ($446M), Canada ($310M), Germany ($176M), and Netherlands ($158M).

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Exporters of Soups and broths and preparations thereof (2023)
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Importers of Soups and broths and preparations thereof (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United States$179M
Top Destination Growth (2022 -  2023)Mexico$171M

Between 2022 and 2023, the exports of Soups and broths and preparations thereof grew the fastest in United States ($179M), Spain ($51.7M), Germany ($39.3M), United Arab Emirates ($39.3M), and Romania ($27.7M).

Between 2022 and 2023, the fastest growing importers of Soups and broths and preparations thereof were Mexico ($171M), United States ($70.7M), Netherlands ($35.6M), Saudi Arabia ($33.9M), and South Korea ($23.5M).

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Exporters of Soups and broths and preparations thereof (2022 - 2023)

Importers of Soups and broths and preparations thereof (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Soups and broths and preparations thereof.

In 2023, market concentration measured using Shannon Entropy, was 4.94. This means that most of the exports of Soups and broths and preparations thereof are explained by 30 countries.

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Value of Exports in Soups and broths and preparations thereof

Net Trade

TOP NET EXPORTER (2023)United States$257M
TOP NET IMPORTER (2023)Mexico$331M

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

In 2023, the countries that had a largest trade value in exports than in imports of Soups and broths and preparations thereof were United States ($257M), Spain ($161M), China ($157M), Senegal ($136M), and United Arab Emirates ($84.5M).

In 2023, the countries that had a largest trade value in imports than in exports of Soups and broths and preparations thereof were Mexico ($331M), Canada ($111M), United Kingdom ($91.1M), Mali ($89.4M), and France ($79.4M).

Net Trade (2023)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Soups and broths and preparations thereof by percentage of total exports

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)

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