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2022
Exports $5.35BWorld Rnk 9 / 210
Flag Rnk 18 / 21
2022
Destination $286M Canada
2021 - 2022
FASTEST GROWING MARKET $286MCanada
2022
PRODUCT COMPLEXITY IN Animal and Vegetable Bi-Products0.8Rnk 244 / 1025
2022
Imports $15.2BWorld Rnk 3 / 224
Flag Rnk 19 / 21
2022
Origin $1.52B Canada
2021 - 2022
FASTEST GROWING ORIGIN $1.52BCanada
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $5.35B in Animal and Vegetable Bi-Products, making it the 9th largest exporter of Animal and Vegetable Bi-Products in the world. At the same year, Animal and Vegetable Bi-Products was the 18th most exported product in United States. The main destination of Animal and Vegetable Bi-Products exports from United States are: Canada ($1.1B), Mexico ($779M), Singapore ($618M), Kuwait ($330M), and Netherlands ($262M).

The fastest growing export markets for Animal and Vegetable Bi-Products of United States between 2021 and 2022 were Canada ($286M), Kuwait ($199M), and India ($128M).

Imports In 2022, United States imported $15.2B in Animal and Vegetable Bi-Products, becoming the 3rd largest importer of Animal and Vegetable Bi-Products in the world. At the same year, Animal and Vegetable Bi-Products was the 19th most imported product in United States. United States imports Animal and Vegetable Bi-Products primarily from: Canada ($5.26B), Indonesia ($3.59B), Spain ($915M), Malaysia ($695M), and Italy ($692M).

The fastest growing import markets in Animal and Vegetable Bi-Products for United States between 2021 and 2022 were Canada ($1.52B), Indonesia ($1.02B), and Australia ($238M).

COMPANIES In 2023, leading companies such as Certified Origins (1.52k), Filippo Berio (661), and Chevron (344) were at the forefront of shipping Animal and Vegetable Bi-Products to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Animal and Vegetable Bi-Products exports accounted up to $202M and imports accounted up to $1.34B, resulting in a negative trade balance of $1.13B. Between August 2023 and August 2024 the exports of United States'   Animal and Vegetable Bi-Products have decreased by $-15.8M (-7.26%) from $217M to $202M, while imports increased by $112M (9.19%) from $1.22B to $1.34B.

Destinations In August 2024, Animal and Vegetable Bi-Products were exported mostly to Canada ($86.7M), Mexico ($37.5M), Chile ($9.89M), Venezuela ($7.33M), and Belgium ($6.43M), and were imported mostly from Canada ($381M), China ($140M), Indonesia ($134M), Spain ($99.5M), and Italy ($99.3M).

Growth In August 2024, the decrease in Animal and Vegetable Bi-Products's year-by-year exports was explained primarily by a decrease in exports to Singapore ($-71.3M or -68.2%), India ($-50.5M or -97.3%), and Mexico ($-34.4M or -38.2%). In August 2024, the increase in Animal and Vegetable Bi-Products's year-by-year imports was explained primarily by an increase in imports from Canada ($202M or 63.9%), China ($43.5M or 652%), and Turkey ($35.5M or 299%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-15.8M(-7.26%)
IMPORT GROWTH (August 2023 - August 2024)$112M(9.19%)
MAIN EXPORTER (August 2024)Louisiana$67.5M
MAIN DESTINATION (August 2024)Canada$86.7M

This section shows Animal and Vegetable Bi-Products'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 Animal and Vegetable Bi-Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.35B
IMPORTS (2022)$15.2B
NET TRADE (2022)-$9.89B

In 2022, United States exported $5.35B in Animal and Vegetable Bi-Products. The main destinations of United States exports on Animal and Vegetable Bi-Products were Canada ($1.1B), Mexico ($779M), Singapore ($618M), Kuwait ($330M), and Netherlands ($262M).

In 2022, United States imported $15.2B in Animal and Vegetable Bi-Products, mainly from Canada ($5.26B), Indonesia ($3.59B), Spain ($915M), Malaysia ($695M), and Italy ($692M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Animal and Vegetable Bi-Products EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$286M (35.1%)
Kuwait$199M (152%)
India$128M (106%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal and Vegetable Bi-Products BY United States WERE (2021 - 2022):
Singapore-$249M (-28.7%)
United Kingdom-$77.6M (-60.8%)
South Korea-$53.6M (-19.4%)
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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 Animal and Vegetable Bi-Products were:
Indonesia $44.7B
Malaysia $27.9B
Netherlands $9.75B
In 2022, United States's main importing competitors in Animal and Vegetable Bi-Products were:
India $22.3B
China $16.6B

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Trade Value of Animal and Vegetable Bi-Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $57.9M
TOP IMPORT POTENTIALMalaysia+ $129M

Animal and Vegetable Bi-Products’s highest export potential is India. With an export gap of $57.9M.   Animal and Vegetable Bi-Products’s highest import potential is Malaysia with an import gap of $129M.

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