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2022
Exports $1.75BWorld Rnk 5 / 176
Flag Rnk 177 / 1217
2022
Destination $69.7M Japan
2021 - 2022
FASTEST GROWING MARKET $69.7MColombia
2022
PRODUCT COMPLEXITY IN Rice-1.95Rnk 998 / 1025
2022
Imports $1.22BWorld Rnk 4 / 221
Flag Rnk 356 / 1216
2022
Origin $100M Thailand
2021 - 2022
FASTEST GROWING ORIGIN $100MThailand
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $1.75B in Rice, making it the 5th largest exporter of Rice in the world. At the same year, Rice was the 177th most exported product in United States. The main destination of Rice exports from United States are: Japan ($331M), Canada ($233M), Haiti ($232M), Mexico ($203M), and South Korea ($121M).

The fastest growing export markets for Rice of United States between 2021 and 2022 were Colombia ($69.7M), Japan ($36.5M), and Canada ($31.8M).

Imports In 2022, United States imported $1.22B in Rice, becoming the 4th largest importer of Rice in the world. At the same year, Rice was the 356th most imported product in United States. United States imports Rice primarily from: Thailand ($652M), India ($309M), Pakistan ($40.5M), China ($35.7M), and Canada ($26.8M).

The fastest growing import markets in Rice for United States between 2021 and 2022 were Thailand ($100M), India ($91.7M), and Australia ($24.3M).

COMPANIES In 2023, leading companies such as Riviana Foods (1.33k), Walong Marketing (547), and Loblaws Supermarkets (248) were at the forefront of shipping Rice to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Rice exports accounted up to $172M and imports accounted up to $107M, resulting in a positive trade balance of $65.1M. Between August 2023 and August 2024 the exports of United States'   Rice have increased by $44.3M (34.6%) from $128M to $172M, while imports increased by $14.4M (15.5%) from $93M to $107M.

Destinations In August 2024, Rice were exported mostly to South Korea ($30.5M), Mexico ($25.2M), Japan ($20.6M), Haiti ($20.1M), and Canada ($14.4M), and were imported mostly from Thailand ($55.1M), India ($34.6M), Pakistan ($3.24M), Brazil ($2.48M), and Vietnam ($2.32M).

Growth In August 2024, the increase in Rice's year-by-year exports was explained primarily by an increase in exports to Japan ($11.8M or 37.6%), Saudi Arabia ($7.9M or 260%), and United Kingdom ($7.47M or 4.03k%). In August 2024, the increase in Rice's year-by-year imports was explained primarily by an increase in imports from India ($9.88M or 51.8%), Thailand ($3.02M or 5.75%), and Pakistan ($2.64M or 105%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$44.3M(34.6%)
IMPORT GROWTH (August 2023 - August 2024)$14.4M(15.5%)
MAIN EXPORTER (August 2024)Louisiana$132M
MAIN DESTINATION (August 2024)South Korea$30.5M

This section shows Rice'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 Rice over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.75B
IMPORTS (2022)$1.22B
NET TRADE (2022)$534M

In 2022, United States exported $1.75B in Rice. The main destinations of United States exports on Rice were Japan ($331M), Canada ($233M), Haiti ($232M), Mexico ($203M), and South Korea ($121M).

In 2022, United States imported $1.22B in Rice, mainly from Thailand ($652M), India ($309M), Pakistan ($40.5M), China ($35.7M), and Canada ($26.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rice EXPORT MARKETS FOR United States WERE (2021 - 2022):
Colombia$69.7M (1.13k%)
Japan$36.5M (12.4%)
Canada$31.8M (15.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rice BY United States WERE (2021 - 2022):
Mexico-$110M (-35.2%)
Venezuela-$79.7M (-98.9%)
Jordan-$45.1M (-68.3%)
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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 Rice were:
India $11.1B
Thailand $4.29B
Vietnam $3.18B
In 2022, United States's main importing competitors in Rice were:
China $2.46B
Philippines $1.63B
Saudi Arabia $1.23B

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Trade Value of Rice by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $12.4M
TOP IMPORT POTENTIALIndia+ $163M

Rice’s highest export potential is Canada. With an export gap of $12.4M.   Rice’s highest import potential is India with an import gap of $163M.

See methodology.

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