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2022
Exports $1.27BWorld Rnk 6 / 180
Flag Rnk 228 / 1217
2022
Destination $101M Canada
2021 - 2022
FASTEST GROWING MARKET $101MCanada
2022
PRODUCT COMPLEXITY IN Malt Extract0.015Rnk 542 / 1025
2022
Imports $1.39BWorld Rnk 2 / 224
Flag Rnk 330 / 1216
2022
Origin $147M Canada
2021 - 2022
FASTEST GROWING ORIGIN $147MIreland
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $1.27B in Malt Extract, making it the 6th largest exporter of Malt Extract in the world. At the same year, Malt Extract was the 228th most exported product in United States. The main destination of Malt Extract exports from United States are: Canada ($661M), Mexico ($169M), Ethiopia ($37.2M), South Korea ($28.5M), and Japan ($21.5M).

The fastest growing export markets for Malt Extract of United States between 2021 and 2022 were Canada ($101M), Kenya ($16.4M), and Mexico ($16.1M).

Imports In 2022, United States imported $1.39B in Malt Extract, becoming the 2nd largest importer of Malt Extract in the world. At the same year, Malt Extract was the 330th most imported product in United States. United States imports Malt Extract primarily from: Canada ($713M), Ireland ($169M), Mexico ($116M), South Korea ($46.4M), and France ($37.2M).

The fastest growing import markets in Malt Extract for United States between 2021 and 2022 were Ireland ($147M), Canada ($83.3M), and Mexico ($36.7M).

COMPANIES In 2023, leading companies such as Dole Fresh Fruit (16.1k), IKEA Group (1.21k), and American Omni Trading Company (643) were at the forefront of shipping Malt Extract to the United States.

Latest Trends

September 2024

About

Overview In September 2024 United States' Malt Extract exports accounted up to $111M and imports accounted up to $134M, resulting in a negative trade balance of $22.6M. Between September 2023 and September 2024 the exports of United States'   Malt Extract have increased by $8.4M (8.15%) from $103M to $111M, while imports increased by $7.86M (6.23%) from $126M to $134M.

Destinations In September 2024, Malt Extract were exported mostly to Canada ($62.3M), Mexico ($20.4M), China ($2.35M), Togo ($1.84M), and Japan ($1.39M), and were imported mostly from Canada ($69.7M), United Kingdom ($11.2M), Ireland ($8.03M), Singapore ($5.39M), and Mexico ($5.27M).

Growth In September 2024, the increase in Malt Extract's year-by-year exports was explained primarily by an increase in exports to Canada ($8.89M or 20.5%), Mexico ($4.71M or 50.1%), and Australia ($1.48M or 236%). In September 2024, the increase in Malt Extract's year-by-year imports was explained primarily by an increase in imports from Canada ($14.2M or 28.4%), United Kingdom ($6.43M or 467%), and Ireland ($3.35M or 108%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$8.4M(8.15%)
IMPORT GROWTH (September 2023 - September 2024)$7.86M(6.23%)
MAIN EXPORTER (September 2024)Indiana$23.4M
MAIN DESTINATION (September 2024)Canada$62.3M

This section shows Malt Extract'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 Malt Extract over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.27B
IMPORTS (2022)$1.39B
NET TRADE (2022)-$127M

In 2022, United States exported $1.27B in Malt Extract. The main destinations of United States exports on Malt Extract were Canada ($661M), Mexico ($169M), Ethiopia ($37.2M), South Korea ($28.5M), and Japan ($21.5M).

In 2022, United States imported $1.39B in Malt Extract, mainly from Canada ($713M), Ireland ($169M), Mexico ($116M), South Korea ($46.4M), and France ($37.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Malt Extract EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$101M (18%)
Kenya$16.4M (178k%)
Mexico$16.1M (10.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Malt Extract BY United States WERE (2021 - 2022):
Burkina Faso-$23.8M (-96.9%)
Djibouti-$10.6M (-77.1%)
Japan-$4.94M (-18.7%)
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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 Malt Extract were:
Netherlands $3.83B
Germany $2.29B
France $2.23B
In 2022, United States's main importing competitors in Malt Extract were:
China $4.66B
Germany $876M

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Trade Value of Malt Extract by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $26.7M
TOP IMPORT POTENTIALMexico+ $41.6M

Malt Extract’s highest export potential is China. With an export gap of $26.7M.   Malt Extract’s highest import potential is Mexico with an import gap of $41.6M.

See methodology.

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