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2023
Exports $57.7BWorld Rnk 1 / 226
Flag Rnk 9 / 21
2023
Destination $1.02B Canada
2022 - 2023
FASTEST GROWING MARKET $1.02BMexico
2023
PRODUCT COMPLEXITY IN Foodstuffs0.5Rnk 372 / 1025
2023
Imports $98.4BWorld Rnk 1 / 226
Flag Rnk 10 / 21
2023
Origin $1.54B Mexico
2022 - 2023
FASTEST GROWING ORIGIN $1.54BCanada
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $57.7B in Foodstuffs, making it the 1st largest exporter of Foodstuffs in the world. At the same year, Foodstuffs was the 9th most exported product in United States. The main destination of Foodstuffs exports from United States are: Canada ($16.1B), Mexico ($6.84B), China ($3.05B), Japan ($2.48B), and South Korea ($1.87B).

The fastest growing export markets for Foodstuffs of United States between 2022 and 2023 were Mexico ($1.02B), Canada ($637M), and China ($435M).

Imports In 2023, United States imported $98.4B in Foodstuffs, becoming the 1st largest importer of Foodstuffs in the world. At the same year, Foodstuffs was the 10th most imported product in United States. United States imports Foodstuffs primarily from: Mexico ($20.8B), Canada ($19.7B), France ($5.86B), Italy ($5.37B), and Singapore ($3.16B).

The fastest growing import markets in Foodstuffs for United States between 2022 and 2023 were Canada ($1.54B), Mexico ($835M), and Brazil ($433M).

COMPANIES In 2023, leading companies such as IKEA Group (19.6k), Dole Fresh Fruit (16.5k), and Diageo Beverages (7.36k) were at the forefront of shipping Foodstuffs to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Foodstuffs exports accounted up to $4.89B and imports accounted up to $9.16B, resulting in a negative trade balance of $4.27B. Between November 2023 and November 2024 the exports of United States'   Foodstuffs have increased by $229M (4.91%) from $4.66B to $4.89B, while imports increased by $1.29B (16.4%) from $7.87B to $9.16B.

Destinations In November 2024, Foodstuffs were exported mostly to Canada ($1.43B), Mexico ($734M), China ($222M), Colombia ($167M), and Japan ($159M), and were imported mostly from Mexico ($1.81B), Canada ($1.81B), Italy ($569M), France ($558M), and Brazil ($314M).

Growth In November 2024, the increase in Foodstuffs's year-by-year exports was explained primarily by an increase in exports to Canada ($185M or 16.3%), Mexico ($88.9M or 18.1%), and China ($73.6M or 76.9%). In November 2024, the increase in Foodstuffs's year-by-year imports was explained primarily by an increase in imports from Canada ($279M or 22%), Mexico ($221M or 16.8%), and United Kingdom ($53.1M or 37.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$229M(4.91%)
IMPORT GROWTH (November 2023 - November 2024)$1.29B(16.4%)
MAIN EXPORTER (November 2024)California$661M
MAIN DESTINATION (November 2024)Canada$1.43B

This section shows Foodstuffs'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 Foodstuffs over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$57.7B
IMPORTS (2023)$98.4B
NET TRADE (2023)-$40.7B

In 2023, United States exported $57.7B in Foodstuffs. The main destinations of United States exports on Foodstuffs were Canada ($16.1B), Mexico ($6.84B), China ($3.05B), Japan ($2.48B), and South Korea ($1.87B).

In 2023, United States imported $98.4B in Foodstuffs, mainly from Mexico ($20.8B), Canada ($19.7B), France ($5.86B), Italy ($5.37B), and Singapore ($3.16B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Foodstuffs EXPORT MARKETS FOR United States WERE (2022 - 2023):
Mexico$1.02B (17.5%)
Canada$637M (4.11%)
China$435M (16.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Foodstuffs BY United States WERE (2022 - 2023):
South Korea-$1.09B (-36.8%)
Japan-$173M (-6.53%)
Philippines-$162M (-8.02%)
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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 Foodstuffs were:
Germany $54.7B
France $48.2B
In 2023, United States's main importing competitors in Foodstuffs were:
Germany $49.9B
United Kingdom $42.6B

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Trade Value of Foodstuffs by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $404M
TOP IMPORT POTENTIALCanada+ $1.29B

Foodstuffs’s highest export potential is China. With an export gap of $404M.   Foodstuffs’s highest import potential is Canada with an import gap of $1.29B.

See methodology.

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