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2022
Exports $86.1MWorld Rnk 11 / 154
Flag Rnk 768 / 1217
2022
Destination $8.74M Canada
2021 - 2022
FASTEST GROWING MARKET $8.74MCanada
2022
PRODUCT COMPLEXITY IN Coconut Oil-1.71Rnk 972 / 1025
2022
Imports $1.51BWorld Rnk 1 / 212
Flag Rnk 313 / 1216
2022
Origin $266M Indonesia
2021 - 2022
FASTEST GROWING ORIGIN $266MIndonesia
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $86.1M in Coconut Oil, making it the 11th largest exporter of Coconut Oil in the world. At the same year, Coconut Oil was the 768th most exported product in United States. The main destination of Coconut Oil exports from United States are: Canada ($63.5M), Mexico ($10.4M), United Arab Emirates ($993k), Costa Rica ($987k), and Saudi Arabia ($975k).

The fastest growing export markets for Coconut Oil of United States between 2021 and 2022 were Canada ($8.74M), United Arab Emirates ($576k), and Saudi Arabia ($559k).

Imports In 2022, United States imported $1.51B in Coconut Oil, becoming the 1st largest importer of Coconut Oil in the world. At the same year, Coconut Oil was the 313th most imported product in United States. United States imports Coconut Oil primarily from: Indonesia ($860M), Philippines ($426M), Malaysia ($119M), Sri Lanka ($26.1M), and Canada ($20.3M).

The fastest growing import markets in Coconut Oil for United States between 2021 and 2022 were Indonesia ($266M), Philippines ($83.6M), and Malaysia ($19.6M).

COMPANIES In 2023, leading companies such as Barry Callebaut (23), Walmart (3), and Del Monte Foods (1) were at the forefront of shipping Coconut Oil to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Coconut Oil exports accounted up to $6.68M and imports accounted up to $117M, resulting in a negative trade balance of $110M. Between August 2023 and August 2024 the exports of United States'   Coconut Oil have increased by $554k (9.04%) from $6.13M to $6.68M, while imports increased by $42.4M (56.9%) from $74.4M to $117M.

Destinations In August 2024, Coconut Oil were exported mostly to Canada ($5M), Mexico ($893k), Colombia ($168k), Panama ($100k), and United Arab Emirates ($96.7k), and were imported mostly from Philippines ($63.5M), Indonesia ($38.1M), Malaysia ($7.55M), Sri Lanka ($3.39M), and Vietnam ($2.41M).

Growth In August 2024, the increase in Coconut Oil's year-by-year exports was explained primarily by an increase in exports to Canada ($806k or 15%), Honduras ($96.3k or 427%), and Dominican Republic ($67.6k or 45.5%). In August 2024, the increase in Coconut Oil's year-by-year imports was explained primarily by an increase in imports from Malaysia ($7.41M or 59%), Vietnam ($398k or 33.4%), and India ($30.4k or 7.24%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$554k(9.04%)
IMPORT GROWTH (August 2023 - August 2024)$42.4M(56.9%)
MAIN EXPORTER (August 2024)Missouri$6.32M
MAIN DESTINATION (August 2024)Canada$5M

This section shows Coconut Oil'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 Coconut Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$86.1M
IMPORTS (2022)$1.51B
NET TRADE (2022)-$1.42B

In 2022, United States exported $86.1M in Coconut Oil. The main destinations of United States exports on Coconut Oil were Canada ($63.5M), Mexico ($10.4M), United Arab Emirates ($993k), Costa Rica ($987k), and Saudi Arabia ($975k).

In 2022, United States imported $1.51B in Coconut Oil, mainly from Indonesia ($860M), Philippines ($426M), Malaysia ($119M), Sri Lanka ($26.1M), and Canada ($20.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Coconut Oil EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$8.74M (16%)
United Arab Emirates$576k (138%)
Saudi Arabia$559k (134%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Coconut Oil BY United States WERE (2021 - 2022):
Malaysia-$1.5M (-99.9%)
Mexico-$1.4M (-11.8%)
South Korea-$1.3M (-74.9%)
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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 Coconut Oil were:
Indonesia $3.41B
Philippines $2.12B
Malaysia $1.64B
In 2022, United States's main importing competitors in Coconut Oil were:
Netherlands $1.35B
China $1.12B

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Trade Value of Coconut Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $1.94M
TOP IMPORT POTENTIALMalaysia+ $18M

Coconut Oil’s highest export potential is Mexico. With an export gap of $1.94M.   Coconut Oil’s highest import potential is Malaysia with an import gap of $18M.

See methodology.

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