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2022
Exports $412MWorld Rnk 1 / 132
Flag Rnk 433 / 1217
2022
Destination $23.7M Vietnam
2021 - 2022
FASTEST GROWING MARKET $23.7MChile
2022
PRODUCT COMPLEXITY IN Oil Seed Flower-0.94Rnk 826 / 1025
2022
Imports $39.4MWorld Rnk 9 / 195
Flag Rnk 1003 / 1216
2022
Origin $8.52M Canada
2021 - 2022
FASTEST GROWING ORIGIN $8.52MCanada
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $412M in Oil Seed Flower, making it the 1st largest exporter of Oil Seed Flower in the world. At the same year, Oil Seed Flower was the 433rd most exported product in United States. The main destination of Oil Seed Flower exports from United States are: Vietnam ($131M), Japan ($79M), Canada ($35.5M), Chile ($24M), and Dominican Republic ($21.3M).

The fastest growing export markets for Oil Seed Flower of United States between 2021 and 2022 were Chile ($23.7M), Japan ($13.5M), and Panama ($8.15M).

Imports In 2022, United States imported $39.4M in Oil Seed Flower, becoming the 9th largest importer of Oil Seed Flower in the world. At the same year, Oil Seed Flower was the 1003rd most imported product in United States. United States imports Oil Seed Flower primarily from: Canada ($16.5M), Russia ($7.33M), Ethiopia ($6.46M), Turkey ($2.35M), and Chile ($1.96M).

The fastest growing import markets in Oil Seed Flower for United States between 2021 and 2022 were Canada ($8.52M), Russia ($7.33M), and Turkey ($1.66M).

COMPANIES In 2023, leading companies such as Wismettac Asian Foods (76) and Lollicup (3) were at the forefront of shipping Oil Seed Flower to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Oil Seed Flower exports accounted up to $61.3M and imports accounted up to $938k, resulting in a positive trade balance of $60.3M. Between August 2023 and August 2024 the exports of United States'   Oil Seed Flower have decreased by $-73.4M (-54.5%) from $135M to $61.3M, while imports increased by $210k (28.9%) from $727k to $938k.

Destinations In August 2024, Oil Seed Flower were exported mostly to Philippines ($42M), Canada ($16.8M), Honduras ($896k), Japan ($797k), and Mexico ($490k), and were imported mostly from Canada ($488k), Serbia ($104k), South Korea ($64.1k), Austria ($58.5k), and Peru ($57k).

Growth In August 2024, the decrease in Oil Seed Flower's year-by-year exports was explained primarily by a decrease in exports to Panama ($-2.62M or -97.9%), Canada ($-262k or -7.19%), and Indonesia ($-146k or -98.2%). In August 2024, the increase in Oil Seed Flower's year-by-year imports was explained primarily by an increase in imports from Canada ($117k or 22.8%), Peru ($114k or 90.4%), and Mexico ($107k or 229%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-73.4M(-54.5%)
IMPORT GROWTH (August 2023 - August 2024)$210k(28.9%)
MAIN EXPORTER (August 2024)Washington$117M
MAIN DESTINATION (August 2024)Philippines$42M

This section shows Oil Seed Flower'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 Oil Seed Flower over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$412M
IMPORTS (2022)$39.4M
NET TRADE (2022)$372M

In 2022, United States exported $412M in Oil Seed Flower. The main destinations of United States exports on Oil Seed Flower were Vietnam ($131M), Japan ($79M), Canada ($35.5M), Chile ($24M), and Dominican Republic ($21.3M).

In 2022, United States imported $39.4M in Oil Seed Flower, mainly from Canada ($16.5M), Russia ($7.33M), Ethiopia ($6.46M), Turkey ($2.35M), and Chile ($1.96M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Oil Seed Flower EXPORT MARKETS FOR United States WERE (2021 - 2022):
Chile$23.7M (6.69k%)
Japan$13.5M (20.6%)
Panama$8.15M (194%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Oil Seed Flower BY United States WERE (2021 - 2022):
Bangladesh-$23.6M (-100%)
Indonesia-$19.8M (-95.7%)
Vietnam-$17.2M (-11.6%)
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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 Oil Seed Flower were:
Italy $139M
China $66.2M
In 2022, United States's main importing competitors in Oil Seed Flower were:
Vietnam $132M
Japan $79.5M
South Korea $73.8M

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Trade Value of Oil Seed Flower by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $6.87M
TOP IMPORT POTENTIALChina+ $519k

Oil Seed Flower’s highest export potential is Canada. With an export gap of $6.87M.   Oil Seed Flower’s highest import potential is China with an import gap of $519k.

See methodology.

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