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2023
Exports $448MWorld Rnk 1 / 133
Flag Rnk 394 / 1217
2023
Destination $34.8M Vietnam
2022 - 2023
FASTEST GROWING MARKET $34.8MSouth Korea
2023
PRODUCT COMPLEXITY IN Oil Seed Flower-0.97Rnk 822 / 1025
2023
Imports $30MWorld Rnk 10 / 193
Flag Rnk 1022 / 1215
2023
Origin $11.5M Nigeria
2022 - 2023
FASTEST GROWING ORIGIN $11.5MNigeria
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $448M 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 394th most exported product in United States. The main destination of Oil Seed Flower exports from United States are: Vietnam ($140M), Dominican Republic ($98.4M), Canada ($50.3M), South Korea ($34.9M), and Honduras ($19.8M).

The fastest growing export markets for Oil Seed Flower of United States between 2022 and 2023 were South Korea ($34.8M), Canada ($16M), and Burma ($13M).

Imports In 2023, United States imported $30M in Oil Seed Flower, becoming the 10th largest importer of Oil Seed Flower in the world. At the same year, Oil Seed Flower was the 1022nd most imported product in United States. United States imports Oil Seed Flower primarily from: Nigeria ($11.5M), Canada ($7.65M), Ghana ($2.39M), Brazil ($1.73M), and Mexico ($1.18M).

The fastest growing import markets in Oil Seed Flower for United States between 2022 and 2023 were Nigeria ($11.5M), Ghana ($2.39M), and Brazil ($1.69M).

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

November 2024

About

Overview In November 2024 United States' Oil Seed Flower exports accounted up to $114M and imports accounted up to $1.24M, resulting in a positive trade balance of $113M. Between November 2023 and November 2024 the exports of United States'   Oil Seed Flower have decreased by $-15.7M (-12.1%) from $130M to $114M, while imports increased by $86.7k (7.5%) from $1.16M to $1.24M.

Destinations In November 2024, Oil Seed Flower were exported mostly to Philippines ($53.8M), Vietnam ($18.7M), Australia ($15M), Canada ($13.1M), and Japan ($10.1M), and were imported mostly from Canada ($473k), Dominican Republic ($425k), Mexico ($103k), Chinese Taipei ($66.9k), and Serbia ($53.9k).

Growth In November 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 November 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 (November 2023 - November 2024)$-15.7M(-12.1%)
IMPORT GROWTH (November 2023 - November 2024)$86.7k(7.5%)
MAIN EXPORTER (November 2024)Washington$117M
MAIN DESTINATION (November 2024)Philippines$53.8M

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 (2023)$448M
IMPORTS (2023)$30M
NET TRADE (2023)$418M

In 2023, United States exported $448M in Oil Seed Flower. The main destinations of United States exports on Oil Seed Flower were Vietnam ($140M), Dominican Republic ($98.4M), Canada ($50.3M), South Korea ($34.9M), and Honduras ($19.8M).

In 2023, United States imported $30M in Oil Seed Flower, mainly from Nigeria ($11.5M), Canada ($7.65M), Ghana ($2.39M), Brazil ($1.73M), and Mexico ($1.18M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Oil Seed Flower EXPORT MARKETS FOR United States WERE (2022 - 2023):
South Korea$34.8M (30.7k%)
Canada$16M (46.8%)
Burma$13M (774%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Oil Seed Flower BY United States WERE (2022 - 2023):
Dominican Republic-$16.7M (-14.5%)
Guyana-$9.62M (-55.7%)
Thailand-$2.94M (-99.7%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Oil Seed Flower were:
South Africa $92.3M
Netherlands $90.3M
In 2023, United States's main importing competitors in Oil Seed Flower were:
Vietnam $142M
Dominican Republic $98.5M
South Korea $81.9M

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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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