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2022
Exports $45.9MWorld Rnk 15 / 143
Flag Rnk 876 / 1217
2022
Destination $2.18M Canada
2021 - 2022
FASTEST GROWING MARKET $2.18MMexico
2022
PRODUCT COMPLEXITY IN Other Fermented Beverages0.091Rnk 525 / 1025
2022
Imports $437MWorld Rnk 1 / 218
Flag Rnk 579 / 1216
2022
Origin $4.45M Canada
2021 - 2022
FASTEST GROWING ORIGIN $4.45MJapan
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $45.9M in Other Fermented Beverages, making it the 15th largest exporter of Other Fermented Beverages in the world. At the same year, Other Fermented Beverages was the 876th most exported product in United States. The main destination of Other Fermented Beverages exports from United States are: Canada ($18.2M), South Korea ($3.63M), Mexico ($3.61M), United Kingdom ($2.15M), and Bahamas ($1.85M).

The fastest growing export markets for Other Fermented Beverages of United States between 2021 and 2022 were Mexico ($2.18M), South Korea ($1.62M), and Bahamas ($1.05M).

Imports In 2022, United States imported $437M in Other Fermented Beverages, becoming the 1st largest importer of Other Fermented Beverages in the world. At the same year, Other Fermented Beverages was the 579th most imported product in United States. United States imports Other Fermented Beverages primarily from: Canada ($123M), Japan ($95.6M), Italy ($94.9M), Mexico ($56.5M), and Ireland ($8.67M).

The fastest growing import markets in Other Fermented Beverages for United States between 2021 and 2022 were Japan ($4.45M), South Korea ($750k), and Australia ($689k).

COMPANIES In 2023, leading companies such as Walong Marketing (41), Kobrand Wine and Spirits (33), and Wismettac Asian Foods (32) were at the forefront of shipping Other Fermented Beverages to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Other Fermented Beverages exports accounted up to $3.34M and imports accounted up to $34.1M, resulting in a negative trade balance of $30.8M. Between August 2023 and August 2024 the exports of United States'   Other Fermented Beverages have decreased by $-2.05M (-38%) from $5.39M to $3.34M, while imports increased by $1.01M (3.06%) from $33.1M to $34.1M.

Destinations In August 2024, Other Fermented Beverages were exported mostly to Canada ($1.46M), Mexico ($457k), South Korea ($239k), United Kingdom ($135k), and Chinese Taipei ($135k), and were imported mostly from Canada ($11.1M), Japan ($6.46M), Mexico ($5.16M), Italy ($3.16M), and Ireland ($1.75M).

Growth In August 2024, the decrease in Other Fermented Beverages's year-by-year exports was explained primarily by a decrease in exports to Canada ($-125k or -9.88%), South Korea ($-105k or -44.2%), and Guatemala ($-64.2k or -81.1%). In August 2024, the increase in Other Fermented Beverages's year-by-year imports was explained primarily by an increase in imports from Canada ($1.99M or 24.8%), United Kingdom ($432k or 127%), and France ($407k or 295%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-2.05M(-38%)
IMPORT GROWTH (August 2023 - August 2024)$1.01M(3.06%)
MAIN EXPORTER (August 2024)Illinois$3.04M
MAIN DESTINATION (August 2024)Canada$1.46M

This section shows Other Fermented Beverages'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 Other Fermented Beverages over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$45.9M
IMPORTS (2022)$437M
NET TRADE (2022)-$391M

In 2022, United States exported $45.9M in Other Fermented Beverages. The main destinations of United States exports on Other Fermented Beverages were Canada ($18.2M), South Korea ($3.63M), Mexico ($3.61M), United Kingdom ($2.15M), and Bahamas ($1.85M).

In 2022, United States imported $437M in Other Fermented Beverages, mainly from Canada ($123M), Japan ($95.6M), Italy ($94.9M), Mexico ($56.5M), and Ireland ($8.67M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Fermented Beverages EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$2.18M (152%)
South Korea$1.62M (81.1%)
Bahamas$1.05M (131%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Fermented Beverages BY United States WERE (2021 - 2022):
Canada-$1.86M (-9.27%)
Singapore-$273k (-41.5%)
Dominican Republic-$253k (-67.2%)
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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 Other Fermented Beverages were:
Japan $385M
Italy $132M
Ireland $127M
In 2022, United States's main importing competitors in Other Fermented Beverages were:
United Kingdom $234M
China $128M

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Trade Value of Other Fermented Beverages by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $1.16M
TOP IMPORT POTENTIALCanada+ $4.79M

Other Fermented Beverages’s highest export potential is United Kingdom. With an export gap of $1.16M.   Other Fermented Beverages’s highest import potential is Canada with an import gap of $4.79M.

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