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2023
Exports $424MWorld Rnk 10 / 186
Flag Rnk 404 / 1217
2023
Destination $13.6M Canada
2022 - 2023
FASTEST GROWING MARKET $13.6MCanada
2023
PRODUCT COMPLEXITY IN Coffee and Tea Extracts-0.47Rnk 687 / 1025
2023
Imports $1.04BWorld Rnk 1 / 223
Flag Rnk 365 / 1215
2023
Origin $65.3M Mexico
2022 - 2023
FASTEST GROWING ORIGIN $65.3MMexico
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $424M in Coffee and Tea Extracts, making it the 10th largest exporter of Coffee and Tea Extracts in the world. At the same year, Coffee and Tea Extracts was the 404th most exported product in United States. The main destination of Coffee and Tea Extracts exports from United States are: Canada ($160M), Mexico ($61.6M), Netherlands ($28.2M), South Korea ($15.2M), and Vietnam ($11.4M).

The fastest growing export markets for Coffee and Tea Extracts of United States between 2022 and 2023 were Canada ($13.6M), Vietnam ($5.82M), and Chile ($3.96M).

Imports In 2023, United States imported $1.04B in Coffee and Tea Extracts, becoming the 1st largest importer of Coffee and Tea Extracts in the world. At the same year, Coffee and Tea Extracts was the 365th most imported product in United States. United States imports Coffee and Tea Extracts primarily from: Mexico ($223M), Colombia ($167M), Brazil ($156M), India ($74.4M), and Canada ($73.6M).

The fastest growing import markets in Coffee and Tea Extracts for United States between 2022 and 2023 were Mexico ($65.3M), Canada ($4.82M), and South Korea ($3.34M).

COMPANIES In 2023, leading companies such as IKEA Group (81), Sucafina (42), and Nissan (36) were at the forefront of shipping Coffee and Tea Extracts to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Coffee and Tea Extracts exports accounted up to $29.3M and imports accounted up to $128M, resulting in a negative trade balance of $98.6M. Between November 2023 and November 2024 the exports of United States'   Coffee and Tea Extracts have increased by $662k (2.31%) from $28.6M to $29.3M, while imports increased by $48.6M (61.4%) from $79.2M to $128M.

Destinations In November 2024, Coffee and Tea Extracts were exported mostly to Canada ($10.7M), Mexico ($4.34M), Netherlands ($2.18M), Kuwait ($1.08M), and Vietnam ($983k), and were imported mostly from Mexico ($44M), Brazil ($25.4M), Colombia ($13.7M), Netherlands ($6.08M), and India ($5.61M).

Growth In November 2024, the increase in Coffee and Tea Extracts's year-by-year exports was explained primarily by an increase in exports to Canada ($3.72M or 46.4%), Netherlands ($628k or 26.5%), and Thailand ($591k or 60.9%). In November 2024, the increase in Coffee and Tea Extracts's year-by-year imports was explained primarily by an increase in imports from Brazil ($5.33M or 45.2%), Colombia ($3.52M or 36.4%), and Mexico ($3.18M or 38.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$662k(2.31%)
IMPORT GROWTH (November 2023 - November 2024)$48.6M(61.4%)
MAIN EXPORTER (November 2024)North Carolina$11.3M
MAIN DESTINATION (November 2024)Canada$10.7M

This section shows Coffee and Tea Extracts'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 Coffee and Tea Extracts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$424M
IMPORTS (2023)$1.04B
NET TRADE (2023)-$612M

In 2023, United States exported $424M in Coffee and Tea Extracts. The main destinations of United States exports on Coffee and Tea Extracts were Canada ($160M), Mexico ($61.6M), Netherlands ($28.2M), South Korea ($15.2M), and Vietnam ($11.4M).

In 2023, United States imported $1.04B in Coffee and Tea Extracts, mainly from Mexico ($223M), Colombia ($167M), Brazil ($156M), India ($74.4M), and Canada ($73.6M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Coffee and Tea Extracts EXPORT MARKETS FOR United States WERE (2022 - 2023):
Canada$13.6M (9.27%)
Vietnam$5.82M (104%)
Chile$3.96M (187%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Coffee and Tea Extracts BY United States WERE (2022 - 2023):
Netherlands-$11.6M (-29.2%)
South Korea-$8.01M (-34.6%)
Mexico-$7.95M (-11.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Coffee and Tea Extracts were:
Germany $1.05B
Brazil $776M
Spain $700M
In 2023, United States's main importing competitors in Coffee and Tea Extracts were:
Germany $636M
United Kingdom $554M

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Trade Value of Coffee and Tea Extracts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $5.78M
TOP IMPORT POTENTIALIndia+ $31.3M

Coffee and Tea Extracts’s highest export potential is Germany. With an export gap of $5.78M.   Coffee and Tea Extracts’s highest import potential is India with an import gap of $31.3M.

See methodology.

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