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2022
Exports $55.1BWorld Rnk 1 / 226
Flag Rnk 10 / 21
2022
Destination $1.88B Canada
2021 - 2022
FASTEST GROWING MARKET $1.88BCanada
2022
PRODUCT COMPLEXITY IN Foodstuffs0.45Rnk 385 / 1025
2022
Imports $97.3BWorld Rnk 1 / 226
Flag Rnk 10 / 21
2022
Origin $3.14B Mexico
2021 - 2022
FASTEST GROWING ORIGIN $3.14BMexico
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $55.1B in Foodstuffs, making it the 1st largest exporter of Foodstuffs in the world. At the same year, Foodstuffs was the 10th most exported product in United States. The main destination of Foodstuffs exports from United States are: Canada ($16.1B), Mexico ($6.62B), South Korea ($2.69B), Japan ($2.36B), and China ($2.11B).

The fastest growing export markets for Foodstuffs of United States between 2021 and 2022 were Canada ($1.88B), Mexico ($483M), and Philippines ($309M).

Imports In 2022, United States imported $97.3B 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 ($18.4B), Canada ($18.4B), France ($6.36B), Italy ($5.31B), and Singapore ($4.14B).

The fastest growing import markets in Foodstuffs for United States between 2021 and 2022 were Mexico ($3.14B), Canada ($2.27B), and Thailand ($626M).

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

August 2024

About

Overview In August 2024 United States' Foodstuffs exports accounted up to $4.94B and imports accounted up to $8.81B, resulting in a negative trade balance of $3.87B. Between August 2023 and August 2024 the exports of United States'   Foodstuffs have increased by $296M (6.37%) from $4.65B to $4.94B, while imports increased by $458M (5.48%) from $8.35B to $8.81B.

Destinations In August 2024, Foodstuffs were exported mostly to Canada ($1.66B), Mexico ($705M), South Korea ($181M), China ($175M), and Japan ($170M), and were imported mostly from Mexico ($1.98B), Canada ($1.71B), France ($542M), Italy ($508M), and Brazil ($335M).

Growth In August 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 August 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 (August 2023 - August 2024)$296M(6.37%)
IMPORT GROWTH (August 2023 - August 2024)$458M(5.48%)
MAIN EXPORTER (August 2024)California$661M
MAIN DESTINATION (August 2024)Canada$1.66B

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 (2022)$55.1B
IMPORTS (2022)$97.3B
NET TRADE (2022)-$42.2B

In 2022, United States exported $55.1B in Foodstuffs. The main destinations of United States exports on Foodstuffs were Canada ($16.1B), Mexico ($6.62B), South Korea ($2.69B), Japan ($2.36B), and China ($2.11B).

In 2022, United States imported $97.3B in Foodstuffs, mainly from Mexico ($18.4B), Canada ($18.4B), France ($6.36B), Italy ($5.31B), and Singapore ($4.14B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Foodstuffs EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$1.88B (13.2%)
Mexico$483M (7.87%)
Philippines$309M (32.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Foodstuffs BY United States WERE (2021 - 2022):
India-$201M (-35%)
Russia-$139M (-63.1%)
Hong Kong-$129M (-19.2%)
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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 Foodstuffs were:
Germany $50.4B
Netherlands $44.5B
In 2022, United States's main importing competitors in Foodstuffs were:
Germany $45.3B
United Kingdom $36.3B

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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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