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2022
Exports $2.03BWorld Rnk 1 / 112
Flag Rnk 154 / 1217
2022
Destination $150M China
2021 - 2022
FASTEST GROWING MARKET $150MChina
2022
PRODUCT COMPLEXITY IN Forage Crops-0.89Rnk 805 / 1025
2022
Imports $147MWorld Rnk 6 / 171
Flag Rnk 808 / 1216
2022
Origin $10.1M Canada
2021 - 2022
FASTEST GROWING ORIGIN $10.1MCanada
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $2.03B in Forage Crops, making it the 1st largest exporter of Forage Crops in the world. At the same year, Forage Crops was the 154th most exported product in United States. The main destination of Forage Crops exports from United States are: China ($786M), Japan ($599M), South Korea ($328M), Saudi Arabia ($141M), and Chinese Taipei ($67.9M).

The fastest growing export markets for Forage Crops of United States between 2021 and 2022 were China ($150M), Saudi Arabia ($66.3M), and South Korea ($56.7M).

Imports In 2022, United States imported $147M in Forage Crops, becoming the 6th largest importer of Forage Crops in the world. At the same year, Forage Crops was the 808th most imported product in United States. United States imports Forage Crops primarily from: Canada ($120M), Mexico ($24.5M), Netherlands ($792k), China ($529k), and Germany ($444k).

The fastest growing import markets in Forage Crops for United States between 2021 and 2022 were Canada ($10.1M), Mexico ($9.76M), and Netherlands ($638k).

COMPANIES In 2023, leading companies such as Bass Pro Shops (5), Design Within Reach (4), and Costco Wholesale (2) were at the forefront of shipping Forage Crops to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Forage Crops exports accounted up to $105M and imports accounted up to $10.3M, resulting in a positive trade balance of $95M. Between August 2023 and August 2024 the exports of United States'   Forage Crops have decreased by $-26.7M (-20.2%) from $132M to $105M, while imports decreased by $-354k (-3.33%) from $10.6M to $10.3M.

Destinations In August 2024, Forage Crops were exported mostly to Japan ($32.3M), South Korea ($22.7M), China ($21.4M), Saudi Arabia ($13.5M), and Chinese Taipei ($5.29M), and were imported mostly from Canada ($8.3M), Mexico ($1.71M), Spain ($73.5k), Bulgaria ($53.7k), and Ecuador ($45.9k).

Growth In August 2024, the decrease in Forage Crops's year-by-year exports was explained primarily by a decrease in exports to Japan ($-17.5M or -34.5%), South Korea ($-7.41M or -32.1%), and China ($-1.06M or -2.31%). In August 2024, the decrease in Forage Crops's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-26.7M(-20.2%)
IMPORT GROWTH (August 2023 - August 2024)$-354k(-3.33%)
MAIN EXPORTER (August 2024)Washington$54.8M
MAIN DESTINATION (August 2024)Japan$32.3M

This section shows Forage Crops'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 Forage Crops over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.03B
IMPORTS (2022)$147M
NET TRADE (2022)$1.89B

In 2022, United States exported $2.03B in Forage Crops. The main destinations of United States exports on Forage Crops were China ($786M), Japan ($599M), South Korea ($328M), Saudi Arabia ($141M), and Chinese Taipei ($67.9M).

In 2022, United States imported $147M in Forage Crops, mainly from Canada ($120M), Mexico ($24.5M), Netherlands ($792k), China ($529k), and Germany ($444k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Forage Crops EXPORT MARKETS FOR United States WERE (2021 - 2022):
China$150M (23.6%)
Saudi Arabia$66.3M (89.2%)
South Korea$56.7M (20.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forage Crops BY United States WERE (2021 - 2022):
United Arab Emirates-$11.7M (-26%)
Chinese Taipei-$1.74M (-2.49%)
Vietnam-$1.41M (-39.8%)
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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 Forage Crops were:
Australia $555M
Spain $452M
In 2022, United States's main importing competitors in Forage Crops were:
China $993M
Japan $926M
United Arab Emirates $482M

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Trade Value of Forage Crops by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $8.91M
TOP IMPORT POTENTIALCanada+ $2.57M

Forage Crops’s highest export potential is Canada. With an export gap of $8.91M.   Forage Crops’s highest import potential is Canada with an import gap of $2.57M.

See methodology.

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