Coconut Oil in United States | The Observatory of Economic Complexity

About

Exports In 2022, United States exported $86.1M in Coconut Oil, making it the 11th largest exporter of Coconut Oil in the world. At the same year, Coconut Oil was the 768th most exported product in United States. The main destination of Coconut Oil exports from United States are: Canada ($63.5M), Mexico ($10.4M), United Arab Emirates ($993k), Costa Rica ($987k), and Saudi Arabia ($975k).

The fastest growing export markets for Coconut Oil of United States between 2021 and 2022 were Canada ($8.74M), United Arab Emirates ($576k), and Saudi Arabia ($559k).

Imports In 2022, United States imported $1.51B in Coconut Oil, becoming the 1st largest importer of Coconut Oil in the world. At the same year, Coconut Oil was the 313th most imported product in United States. United States imports Coconut Oil primarily from: Indonesia ($860M), Philippines ($426M), Malaysia ($119M), Sri Lanka ($26.1M), and Canada ($20.3M).

The fastest growing import markets in Coconut Oil for United States between 2021 and 2022 were Indonesia ($266M), Philippines ($83.6M), and Malaysia ($19.6M).

COMPANIES In 2023, leading companies such as BARRY CALLEBAUT USA LLC (598) and WAL-MART INC. (201) were at the forefront of shipping Coconut Oil to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United States' Coconut Oil exports accounted up to $12.8M and imports accounted up to $83.8M, resulting in a negative trade balance of $71M. Between January 2023 and January 2024 the exports of United States' Coconut Oil have increased by $5.49M (74.7%) from $7.34M to $12.8M, while imports increased by $19.6M (30.6%) from $64.2M to $83.8M.

Destinations In January 2024, Coconut Oil were exported mostly to Mexico ($6.36M), Canada ($5.4M), Philippines ($159k), Costa Rica ($145k), and Panama ($129k), and were imported mostly from Indonesia ($38.6M), Philippines ($28.7M), Malaysia ($11.5M), Sri Lanka ($2.23M), and Vietnam ($1.12M).

Growth In January 2024, the increase in Coconut Oil's year-by-year exports was explained primarily by an increase in exports to Canada ($806k or 15%), Honduras ($96.3k or 427%), and Dominican Republic ($67.6k or 45.5%). In January 2024, the increase in Coconut Oil's year-by-year imports was explained primarily by an increase in imports from Malaysia ($7.41M or 59%), Vietnam ($398k or 33.4%), and India ($30.4k or 7.24%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$5.49M(74.7%)

IMPORT GROWTH (January 2023 - January 2024)$19.6M(30.6%)

MAIN EXPORTER (January 2024)Missouri$6.32M

MAIN DESTINATION (January 2024)Mexico$6.36M

This section shows Coconut Oil'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 Coconut Oil over time.

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