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2022
Exports $747MWorld Rnk 2 / 181
Flag Rnk 308 / 1217
2022
Destination $100M Canada
2021 - 2022
FASTEST GROWING MARKET $100MCanada
2022
PRODUCT COMPLEXITY IN Prepared Cereals-0.43Rnk 681 / 1025
2022
Imports $1.03BWorld Rnk 1 / 223
Flag Rnk 389 / 1216
2022
Origin $43M Canada
2021 - 2022
FASTEST GROWING ORIGIN $43MCanada
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $747M in Prepared Cereals, making it the 2nd largest exporter of Prepared Cereals in the world. At the same year, Prepared Cereals was the 308th most exported product in United States. The main destination of Prepared Cereals exports from United States are: Canada ($538M), Mexico ($46.8M), United Kingdom ($12.8M), Dominican Republic ($11.6M), and Honduras ($7.93M).

The fastest growing export markets for Prepared Cereals of United States between 2021 and 2022 were Canada ($100M), Mexico ($6.72M), and United Kingdom ($3.77M).

Imports In 2022, United States imported $1.03B in Prepared Cereals, becoming the 1st largest importer of Prepared Cereals in the world. At the same year, Prepared Cereals was the 389th most imported product in United States. United States imports Prepared Cereals primarily from: Canada ($407M), Mexico ($241M), South Korea ($64.9M), Spain ($44.6M), and Thailand ($38M).

The fastest growing import markets in Prepared Cereals for United States between 2021 and 2022 were Canada ($43M), South Korea ($19.7M), and Spain ($13.5M).

COMPANIES In 2023, leading companies such as Riviana Foods (502), Walong Marketing (144), and Storck (74) were at the forefront of shipping Prepared Cereals to the United States.

Latest Trends

September 2024

About

Overview In September 2024 United States' Prepared Cereals exports accounted up to $64.5M and imports accounted up to $84.4M, resulting in a negative trade balance of $19.9M. Between September 2023 and September 2024 the exports of United States'   Prepared Cereals have increased by $4.02M (6.66%) from $60.4M to $64.5M, while imports increased by $3.8M (4.71%) from $80.6M to $84.4M.

Destinations In September 2024, Prepared Cereals were exported mostly to Canada ($47.3M), Mexico ($7.82M), Honduras ($899k), Burkina Faso ($853k), and Dominican Republic ($726k), and were imported mostly from Canada ($37.5M), South Korea ($13M), Mexico ($11.6M), Spain ($4.32M), and Thailand ($3.56M).

Growth In September 2024, the increase in Prepared Cereals's year-by-year exports was explained primarily by an increase in exports to Canada ($9.22M or 28.4%), Mexico ($1.53M or 65.6%), and Dominican Republic ($382k or 117%). In September 2024, the increase in Prepared Cereals's year-by-year imports was explained primarily by an increase in imports from Mexico ($3.29M or 21.2%), South Korea ($1.78M or 33.1%), and Spain ($1.04M or 28.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$4.02M(6.66%)
IMPORT GROWTH (September 2023 - September 2024)$3.8M(4.71%)
MAIN EXPORTER (September 2024)Pennsylvania$7.65M
MAIN DESTINATION (September 2024)Canada$47.3M

This section shows Prepared Cereals'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 Prepared Cereals over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$747M
IMPORTS (2022)$1.03B
NET TRADE (2022)-$284M

In 2022, United States exported $747M in Prepared Cereals. The main destinations of United States exports on Prepared Cereals were Canada ($538M), Mexico ($46.8M), United Kingdom ($12.8M), Dominican Republic ($11.6M), and Honduras ($7.93M).

In 2022, United States imported $1.03B in Prepared Cereals, mainly from Canada ($407M), Mexico ($241M), South Korea ($64.9M), Spain ($44.6M), and Thailand ($38M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Prepared Cereals EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$100M (23%)
Mexico$6.72M (16.8%)
United Kingdom$3.77M (41.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Prepared Cereals BY United States WERE (2021 - 2022):
Ethiopia-$6.25M (-54.7%)
Japan-$1.7M (-26.5%)
Singapore-$1.5M (-20%)
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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 Prepared Cereals were:
Germany $784M
United Kingdom $648M
In 2022, United States's main importing competitors in Prepared Cereals were:
Canada $606M
Germany $513M

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Trade Value of Prepared Cereals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $6.77M
TOP IMPORT POTENTIALGermany+ $15.7M

Prepared Cereals’s highest export potential is United Kingdom. With an export gap of $6.77M.   Prepared Cereals’s highest import potential is Germany with an import gap of $15.7M.

See methodology.

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