Seed Oils in United States | The Observatory of Economic Complexity

About

Exports In 2022, United States exported $215M in Seed Oils, making it the 16th largest exporter of Seed Oils in the world. At the same year, Seed Oils was the 574th most exported product in United States. The main destination of Seed Oils exports from United States are: Canada ($107M), Mexico ($29.2M), Spain ($23.2M), Belgium ($18.2M), and Netherlands ($9.42M).

The fastest growing export markets for Seed Oils of United States between 2021 and 2022 were Canada ($37.7M), Spain ($19.7M), and Belgium ($17.9M).

Imports In 2022, United States imported $430M in Seed Oils, becoming the 13th largest importer of Seed Oils in the world. At the same year, Seed Oils was the 582nd most imported product in United States. United States imports Seed Oils primarily from: France ($116M), Spain ($66.8M), Ukraine ($63.4M), Argentina ($48.4M), and Turkey ($46.2M).

The fastest growing import markets in Seed Oils for United States between 2021 and 2022 were France ($63.6M), Spain ($42M), and Argentina ($32.6M).

COMPANIES In 2023, leading companies such as HEINEKEN USA INC. (2) were at the forefront of shipping Seed Oils to the United States.

Latest Trends

February 2024

About

Overview In February 2024 United States' Seed Oils exports accounted up to $5.83M and imports accounted up to $22.2M, resulting in a negative trade balance of $16.4M. Between February 2023 and February 2024 the exports of United States' Seed Oils have decreased by $-6.2M (-51.6%) from $12M to $5.83M, while imports decreased by $-7.65M (-25.6%) from $29.9M to $22.2M.

Destinations In February 2024, Seed Oils were exported mostly to Canada ($4.33M), Mexico ($589k), South Korea ($311k), Uzbekistan ($162k), and Cuba ($78.2k), and were imported mostly from Turkey ($4.64M), Hungary ($3.82M), Mexico ($3.4M), Spain ($3.23M), and Ukraine ($2.75M).

Growth In February 2024, the decrease in Seed Oils's year-by-year exports was explained primarily by a decrease in exports to Canada ($-5.08M or -33.6%), Mexico ($-2.71M or -58.8%), and Chinese Taipei ($-141k or -42.3%). In February 2024, the decrease in Seed Oils's year-by-year imports was explained primarily by a decrease in imports from Ukraine ($-11.9M or -96.4%), France ($-228k or -3.42%), and Russia ($-134k or -88.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-6.2M(-51.6%)

IMPORT GROWTH (February 2023 - February 2024)$-7.65M(-25.6%)

MAIN EXPORTER (February 2024)North Dakota$1.57M

MAIN DESTINATION (February 2024)Canada$4.33M

This section shows Seed Oils'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 Seed Oils over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$215M

IMPORTS (2022)$430M

NET TRADE (2022)-$215M

In 2022, United States exported $215M in Seed Oils. The main destinations of United States exports on Seed Oils were Canada ($107M), Mexico ($29.2M), Spain ($23.2M), Belgium ($18.2M), and Netherlands ($9.42M).

In 2022, United States imported $430M in Seed Oils, mainly from France ($116M), Spain ($66.8M), Ukraine ($63.4M), Argentina ($48.4M), and Turkey ($46.2M).

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