Baked Goods in United States | The Observatory of Economic Complexity

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Exports In 2022, United States exported $2.47B in Baked Goods, making it the 7th largest exporter of Baked Goods in the world. At the same year, Baked Goods was the 126th most exported product in United States. The main destination of Baked Goods exports from United States are: Canada ($1.5B), Mexico ($257M), South Korea ($54.7M), Japan ($50.3M), and Australia ($43.8M).

The fastest growing export markets for Baked Goods of United States between 2021 and 2022 were Canada ($208M), Mexico ($31.1M), and Philippines ($11.6M).

Imports In 2022, United States imported $9.29B in Baked Goods, becoming the 1st largest importer of Baked Goods in the world. At the same year, Baked Goods was the 67th most imported product in United States. United States imports Baked Goods primarily from: Canada ($4.6B), Mexico ($2.16B), Italy ($383M), France ($251M), and Germany ($175M).

The fastest growing import markets in Baked Goods for United States between 2021 and 2022 were Canada ($938M), Mexico ($463M), and Italy ($55.5M).

COMPANIES In 2023, leading companies such as WISMETTAC ASIAN FOODS,INC. (237), COSTCO WHOLESALE COPRORATION (215), and GOYA FOODS INC (206) were at the forefront of shipping Baked Goods to the United States.

Latest Trends

February 2024

About

Overview In February 2024 United States' Baked Goods exports accounted up to $211M and imports accounted up to $818M, resulting in a negative trade balance of $608M. Between February 2023 and February 2024 the exports of United States' Baked Goods have increased by $22.2M (11.8%) from $188M to $211M, while imports increased by $105M (14.8%) from $713M to $818M.

Destinations In February 2024, Baked Goods were exported mostly to Canada ($125M), Mexico ($29.6M), Australia ($3.81M), Japan ($3.57M), and South Korea ($3.05M), and were imported mostly from Canada ($399M), Mexico ($213M), Italy ($27.9M), France ($18.3M), and Israel ($14.6M).

Growth In February 2024, the increase in Baked Goods's year-by-year exports was explained primarily by an increase in exports to Canada ($28.8M or 31.8%), Mexico ($7.87M or 44.6%), and Argentina ($1.69M or 290%). In February 2024, the increase in Baked Goods's year-by-year imports was explained primarily by an increase in imports from Canada ($89.7M or 29.5%), Mexico ($29M or 18.6%), and France ($6.03M or 36.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$22.2M(11.8%)

IMPORT GROWTH (February 2023 - February 2024)$105M(14.8%)

MAIN EXPORTER (February 2024)California$26.8M

MAIN DESTINATION (February 2024)Canada$125M

This section shows Baked Goods'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 Baked Goods over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$2.47B

IMPORTS (2022)$9.29B

NET TRADE (2022)-$6.82B

In 2022, United States exported $2.47B in Baked Goods. The main destinations of United States exports on Baked Goods were Canada ($1.5B), Mexico ($257M), South Korea ($54.7M), Japan ($50.3M), and Australia ($43.8M).

In 2022, United States imported $9.29B in Baked Goods, mainly from Canada ($4.6B), Mexico ($2.16B), Italy ($383M), France ($251M), and Germany ($175M).

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