Forage Crops in United States | The Observatory of Economic Complexity

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Exports In 2022, United States exported $2.03B in Forage Crops, making it the 1st largest exporter of Forage Crops in the world. At the same year, Forage Crops was the 154th most exported product in United States. The main destination of Forage Crops exports from United States are: China ($786M), Japan ($599M), South Korea ($328M), Saudi Arabia ($141M), and Chinese Taipei ($67.9M).

The fastest growing export markets for Forage Crops of United States between 2021 and 2022 were China ($150M), Saudi Arabia ($66.3M), and South Korea ($56.7M).

Imports In 2022, United States imported $147M in Forage Crops, becoming the 6th largest importer of Forage Crops in the world. At the same year, Forage Crops was the 808th most imported product in United States. United States imports Forage Crops primarily from: Canada ($120M), Mexico ($24.5M), Netherlands ($792k), China ($529k), and Germany ($444k).

The fastest growing import markets in Forage Crops for United States between 2021 and 2022 were Canada ($10.1M), Mexico ($9.76M), and Netherlands ($638k).

COMPANIES In 2023, leading companies such as COSTCO WHOLESALE COPRORATION (116), AGCO CORPORATION (23), and TRACTOR SUPPLY COMPANY OF (18) were at the forefront of shipping Forage Crops to the United States.

Latest Trends

January 2024

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Overview In January 2024 United States' Forage Crops exports accounted up to $106M and imports accounted up to $13.2M, resulting in a positive trade balance of $93M. Between January 2023 and January 2024 the exports of United States' Forage Crops have decreased by $-10.7M (-9.14%) from $117M to $106M, while imports decreased by $-4.07M (-23.5%) from $17.3M to $13.2M.

Destinations In January 2024, Forage Crops were exported mostly to China ($39.1M), Japan ($34.3M), South Korea ($17.8M), Taiwan ($5.38M), and United Arab Emirates ($3.77M), and were imported mostly from Canada ($12.3M), Mexico ($771k), Bulgaria ($48k), Ecuador ($30.4k), and Peru ($17.1k).

Growth In January 2024, the decrease in Forage Crops's year-by-year exports was explained primarily by a decrease in exports to Japan ($-17.5M or -34.5%), South Korea ($-7.41M or -32.1%), and China ($-1.06M or -2.31%). In January 2024, the decrease in Forage Crops's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-10.7M(-9.14%)

IMPORT GROWTH (January 2023 - January 2024)$-4.07M(-23.5%)

MAIN EXPORTER (January 2024)Washington$39.6M

MAIN DESTINATION (January 2024)China$39.1M

This section shows Forage Crops'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 Forage Crops over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$2.03B

IMPORTS (2022)$147M

NET TRADE (2022)$1.89B

In 2022, United States exported $2.03B in Forage Crops. The main destinations of United States exports on Forage Crops were China ($786M), Japan ($599M), South Korea ($328M), Saudi Arabia ($141M), and Chinese Taipei ($67.9M).

In 2022, United States imported $147M in Forage Crops, mainly from Canada ($120M), Mexico ($24.5M), Netherlands ($792k), China ($529k), and Germany ($444k).

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