Milk in United States | The Observatory of Economic Complexity

About

Exports In 2022, United States exported $149M in Milk, making it the 20th largest exporter of Milk in the world. At the same year, Milk was the 656th most exported product in United States. The main destination of Milk exports from United States are: Chinese Taipei ($56.5M), Canada ($55.7M), Mexico ($18.8M), Dominican Republic ($4.01M), and Bahamas ($2.2M).

The fastest growing export markets for Milk of United States between 2021 and 2022 were Canada ($4.01M), Mexico ($3.23M), and Chinese Taipei ($3.11M).

Imports In 2022, United States imported $48.1M in Milk, becoming the 38th largest importer of Milk in the world. At the same year, Milk was the 980th most imported product in United States. United States imports Milk primarily from: Mexico ($18.3M), Canada ($17.9M), United Kingdom ($2.62M), Brazil ($1.87M), and Italy ($1.53M).

The fastest growing import markets in Milk for United States between 2021 and 2022 were Bahrain ($1.43M), Poland ($536k), and Brazil ($442k).

COMPANIES In 2023, leading companies such as IKEA Group (916), MISA Imports (35), and Goya Foods (24) were at the forefront of shipping Milk to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Milk exports accounted up to $12M and imports accounted up to $5.17M, resulting in a positive trade balance of $6.8M. Between August 2023 and August 2024 the exports of United States' Milk have increased by $269k (2.3%) from $11.7M to $12M, while imports increased by $100k (1.97%) from $5.07M to $5.17M.

Destinations In August 2024, Milk were exported mostly to Canada ($5.76M), Mexico ($2.75M), Chinese Taipei ($2.58M), Bahamas ($218k), and Cayman Islands ($125k), and were imported mostly from Mexico ($2.44M), Canada ($828k), France ($552k), Bahrain ($372k), and Ireland ($371k).

Growth In August 2024, the increase in Milk's year-by-year exports was explained primarily by an increase in exports to Chinese Taipei ($3.62M or 131%), Canada ($1.27M or 38.1%), and Cayman Islands ($78.2k or 531%). In August 2024, the increase in Milk's year-by-year imports was explained primarily by an increase in imports from Pakistan ($14.7k or 83.5%) and France ($13.8k or 510%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2023 - August 2024)$269k(2.3%)

IMPORT GROWTH (August 2023 - August 2024)$100k(1.97%)

MAIN EXPORTER (August 2024)California$4.86M

MAIN DESTINATION (August 2024)Canada$5.76M

This section shows Milk'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 Milk over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$149M

IMPORTS (2022)$48.1M

NET TRADE (2022)$101M

In 2022, United States exported $149M in Milk. The main destinations of United States exports on Milk were Chinese Taipei ($56.5M), Canada ($55.7M), Mexico ($18.8M), Dominican Republic ($4.01M), and Bahamas ($2.2M).

In 2022, United States imported $48.1M in Milk, mainly from Mexico ($18.3M), Canada ($17.9M), United Kingdom ($2.62M), Brazil ($1.87M), and Italy ($1.53M).

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