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2022
Exports $420MWorld Rnk 10 / 186
Flag Rnk 430 / 1217
2022
Destination $21.9M Canada
2021 - 2022
FASTEST GROWING MARKET $21.9MNetherlands
2022
PRODUCT COMPLEXITY IN Coffee and Tea Extracts-0.5Rnk 703 / 1025
2022
Imports $945MWorld Rnk 1 / 221
Flag Rnk 409 / 1216
2022
Origin $76.2M Colombia
2021 - 2022
FASTEST GROWING ORIGIN $76.2MColombia
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $420M 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 430th most exported product in United States. The main destination of Coffee and Tea Extracts exports from United States are: Canada ($152M), Mexico ($72.1M), Netherlands ($44.8M), South Korea ($19.3M), and Thailand ($12.4M).

The fastest growing export markets for Coffee and Tea Extracts of United States between 2021 and 2022 were Netherlands ($21.9M), Canada ($19.2M), and Mexico ($16.2M).

Imports In 2022, United States imported $945M 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 409th most imported product in United States. United States imports Coffee and Tea Extracts primarily from: Colombia ($186M), Brazil ($158M), Mexico ($157M), India ($75.2M), and Canada ($69.9M).

The fastest growing import markets in Coffee and Tea Extracts for United States between 2021 and 2022 were Colombia ($76.2M), Brazil ($61.6M), and Mexico ($52.9M).

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

September 2024

About

Overview In September 2024 United States' Coffee and Tea Extracts exports accounted up to $36.2M and imports accounted up to $116M, resulting in a negative trade balance of $80.3M. Between September 2023 and September 2024 the exports of United States'   Coffee and Tea Extracts have increased by $1.45M (4.18%) from $34.8M to $36.2M, while imports increased by $27.5M (30.8%) from $89M to $116M.

Destinations In September 2024, Coffee and Tea Extracts were exported mostly to Canada ($16M), Mexico ($6.63M), Thailand ($1.8M), Netherlands ($1.3M), and Vietnam ($1.27M), and were imported mostly from Mexico ($43.4M), Brazil ($14M), India ($10.2M), Colombia ($9.51M), and Canada ($5.98M).

Growth In September 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 September 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 (September 2023 - September 2024)$1.45M(4.18%)
IMPORT GROWTH (September 2023 - September 2024)$27.5M(30.8%)
MAIN EXPORTER (September 2024)North Carolina$11.3M
MAIN DESTINATION (September 2024)Canada$16M

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 (2022)$420M
IMPORTS (2022)$945M
NET TRADE (2022)-$525M

In 2022, United States exported $420M in Coffee and Tea Extracts. The main destinations of United States exports on Coffee and Tea Extracts were Canada ($152M), Mexico ($72.1M), Netherlands ($44.8M), South Korea ($19.3M), and Thailand ($12.4M).

In 2022, United States imported $945M in Coffee and Tea Extracts, mainly from Colombia ($186M), Brazil ($158M), Mexico ($157M), India ($75.2M), and Canada ($69.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Coffee and Tea Extracts EXPORT MARKETS FOR United States WERE (2021 - 2022):
Netherlands$21.9M (96%)
Canada$19.2M (14.4%)
Mexico$16.2M (29%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Coffee and Tea Extracts BY United States WERE (2021 - 2022):
Spain-$11.6M (-86.8%)
Vietnam-$9.32M (-69.5%)
Malaysia-$9.06M (-57.2%)
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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 Coffee and Tea Extracts were:
Germany $992M
Brazil $722M
Spain $609M
In 2022, United States's main importing competitors in Coffee and Tea Extracts were:
Germany $594M
Philippines $539M

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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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