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2023
Exports $139MWorld Rnk 15 / 79
Flag Rnk 641 / 1217
2023
Destination $30.7M Canada
2022 - 2023
FASTEST GROWING MARKET $30.7MCanada
2023
PRODUCT COMPLEXITY IN Rapeseed-0.22Rnk 622 / 1025
2023
Imports $263MWorld Rnk 11 / 125
Flag Rnk 680 / 1215
2023
Origin $18.3M Canada
2022 - 2023
FASTEST GROWING ORIGIN $18.3MChile
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $139M in Rapeseed, making it the 15th largest exporter of Rapeseed in the world. At the same year, Rapeseed was the 641st most exported product in United States. The main destination of Rapeseed exports from United States are: Canada ($124M), Mexico ($7.73M), Australia ($2.86M), Brazil ($1.79M), and Paraguay ($628k).

The fastest growing export markets for Rapeseed of United States between 2022 and 2023 were Canada ($30.7M), Mexico ($7.27M), and Brazil ($1.79M).

Imports In 2023, United States imported $263M in Rapeseed, becoming the 11th largest importer of Rapeseed in the world. At the same year, Rapeseed was the 680th most imported product in United States. United States imports Rapeseed primarily from: Canada ($203M), Chile ($33.4M), Argentina ($17.2M), Uruguay ($4.09M), and France ($1.26M).

The fastest growing import markets in Rapeseed for United States between 2022 and 2023 were Chile ($18.3M), Uruguay ($1.23M), and New Zealand ($572k).

COMPANIES In 2023, leading companies such as Goya Foods (1) were at the forefront of shipping Rapeseed to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Rapeseed exports accounted up to $17.7M and imports accounted up to $7.39M, resulting in a positive trade balance of $10.3M. Between November 2023 and November 2024 the exports of United States'   Rapeseed have increased by $473k (2.75%) from $17.2M to $17.7M, while imports decreased by $-5.52M (-42.7%) from $12.9M to $7.39M.

Destinations In November 2024, Rapeseed were exported mostly to Canada ($12.5M), Mexico ($5.22M), United Arab Emirates ($0), Chinese Taipei ($0), and Germany ($0), and were imported mostly from Canada ($5.57M), France ($1.45M), Chile ($254k), Uruguay ($106k), and Australia ($18.5k).

Growth In November 2024, the increase in Rapeseed's year-by-year exports was explained primarily by an increase in exports to Canada ($7.28M or 114%). In November 2024, the decrease in Rapeseed's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$473k(2.75%)
IMPORT GROWTH (November 2023 - November 2024)$-5.52M(-42.7%)
MAIN EXPORTER (November 2024)North Dakota$28.7M
MAIN DESTINATION (November 2024)Canada$12.5M

This section shows Rapeseed'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 Rapeseed over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$139M
IMPORTS (2023)$263M
NET TRADE (2023)-$124M

In 2023, United States exported $139M in Rapeseed. The main destinations of United States exports on Rapeseed were Canada ($124M), Mexico ($7.73M), Australia ($2.86M), Brazil ($1.79M), and Paraguay ($628k).

In 2023, United States imported $263M in Rapeseed, mainly from Canada ($203M), Chile ($33.4M), Argentina ($17.2M), Uruguay ($4.09M), and France ($1.26M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Rapeseed EXPORT MARKETS FOR United States WERE (2022 - 2023):
Canada$30.7M (32.8%)
Mexico$7.27M (1.58k%)
Brazil$1.79M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rapeseed BY United States WERE (2022 - 2023):
Australia-$4.04M (-58.6%)
Austria-$1.39M (-99.8%)
Kazakhstan-$429k (-100%)
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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 Rapeseed were:
Canada $4.57B
Australia $4.03B
Romania $1.49B
In 2023, United States's main importing competitors in Rapeseed were:
Germany $3.36B
China $3.27B
Japan $1.29B

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Trade Value of Rapeseed by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $1.54M
TOP IMPORT POTENTIALCanada+ $104M

Rapeseed’s highest export potential is Mexico. With an export gap of $1.54M.   Rapeseed’s highest import potential is Canada with an import gap of $104M.

See methodology.

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