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2022
Exports $10.4BWorld Rnk 5 / 217
Flag Rnk 29 / 96
2022
Destination $515M Canada
2021 - 2022
FASTEST GROWING MARKET $515MCanada
2022
PRODUCT COMPLEXITY IN Beverages, spirits, & vinegar0.2Rnk 488 / 1025
2022
Imports $30BWorld Rnk 1 / 225
Flag Rnk 20 / 96
2022
Origin $1.47B Mexico
2021 - 2022
FASTEST GROWING ORIGIN $1.47BMexico
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $10.4B in Beverages, spirits, & vinegar, making it the 5th largest exporter of Beverages, spirits, & vinegar in the world. At the same year, Beverages, spirits, & vinegar was the 29th most exported product in United States. The main destination of Beverages, spirits, & vinegar exports from United States are: Canada ($3.16B), United Kingdom ($689M), South Korea ($612M), Netherlands ($487M), and Mexico ($479M).

The fastest growing export markets for Beverages, spirits, & vinegar of United States between 2021 and 2022 were Canada ($515M), United Kingdom ($205M), and Netherlands ($181M).

Imports In 2022, United States imported $30B in Beverages, spirits, & vinegar, becoming the 1st largest importer of Beverages, spirits, & vinegar in the world. At the same year, Beverages, spirits, & vinegar was the 20th most imported product in United States. United States imports Beverages, spirits, & vinegar primarily from: Mexico ($10.4B), France ($5.43B), Italy ($2.87B), United Kingdom ($2.01B), and Canada ($1.36B).

The fastest growing import markets in Beverages, spirits, & vinegar for United States between 2021 and 2022 were Mexico ($1.47B), Switzerland ($364M), and United Kingdom ($305M).

COMPANIES In 2023, leading companies such as Diageo Beverages (7.29k), Heineken (2.24k), and Palm Bay International (2.03k) were at the forefront of shipping Beverages, spirits, & vinegar to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Beverages, spirits, & vinegar exports accounted up to $926M and imports accounted up to $2.62B, resulting in a negative trade balance of $1.69B. Between June 2023 and June 2024 the exports of United States'   Beverages, spirits, & vinegar have increased by $92.3M (11.1%) from $834M to $926M, while imports increased by $148M (5.98%) from $2.47B to $2.62B.

Destinations In June 2024, Beverages, spirits, & vinegar were exported mostly to Canada ($254M), United Kingdom ($103M), Netherlands ($91.4M), Mexico ($54.3M), and India ($35.6M), and were imported mostly from Mexico ($1.14B), France ($384M), Italy ($281M), United Kingdom ($154M), and Canada ($128M).

Growth In June 2024, the increase in Beverages, spirits, & vinegar's year-by-year exports was explained primarily by an increase in exports to Netherlands ($45.6M or 180%), Canada ($36.6M or 16.2%), and United Kingdom ($31.5M or 97.7%). In June 2024, the increase in Beverages, spirits, & vinegar's year-by-year imports was explained primarily by an increase in imports from Mexico ($69.9M or 9.37%), United Kingdom ($47.9M or 39.9%), and Canada ($24.2M or 28.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$92.3M(11.1%)
IMPORT GROWTH (June 2023 - June 2024)$148M(5.98%)
MAIN EXPORTER (June 2024)Texas$353M
MAIN DESTINATION (June 2024)Canada$254M

This section shows Beverages, spirits, & vinegar'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 Beverages, spirits, & vinegar over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$10.4B
IMPORTS (2022)$30B
NET TRADE (2022)-$19.6B

In 2022, United States exported $10.4B in Beverages, spirits, & vinegar. The main destinations of United States exports on Beverages, spirits, & vinegar were Canada ($3.16B), United Kingdom ($689M), South Korea ($612M), Netherlands ($487M), and Mexico ($479M).

In 2022, United States imported $30B in Beverages, spirits, & vinegar, mainly from Mexico ($10.4B), France ($5.43B), Italy ($2.87B), United Kingdom ($2.01B), and Canada ($1.36B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Beverages, spirits, & vinegar EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$515M (19.4%)
United Kingdom$205M (42.5%)
Netherlands$181M (59%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Beverages, spirits, & vinegar BY United States WERE (2021 - 2022):
China-$249M (-73.9%)
India-$195M (-45.1%)
Russia-$42M (-95.5%)
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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 Beverages, spirits, & vinegar were:
France $22.4B
Italy $12.6B
Mexico $11.8B
In 2022, United States's main importing competitors in Beverages, spirits, & vinegar were:
United Kingdom $9.32B
Germany $9.29B

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Trade Value of Beverages, spirits, & vinegar by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $88.6M
TOP IMPORT POTENTIALCanada+ $402M

Beverages, spirits, & vinegar’s highest export potential is China. With an export gap of $88.6M.   Beverages, spirits, & vinegar’s highest import potential is Canada with an import gap of $402M.

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