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2022
Exports $105MWorld Rnk 17 / 78
Flag Rnk 732 / 1217
falsefalse Canada
2021 - 2022
FASTEST GROWING MARKETfalseCanada
2022
PRODUCT COMPLEXITY IN Rapeseed-0.31Rnk 652 / 1025
2022
Imports $354MWorld Rnk 12 / 122
Flag Rnk 637 / 1216
2021 - 2022
FASTEST GROWING ORIGINfalseN/A
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $105M in Rapeseed, making it the 17th largest exporter of Rapeseed in the world. At the same year, Rapeseed was the 732nd most exported product in United States. The main destination of Rapeseed exports from United States are: Canada ($98.3M), Australia ($4.46M), South Africa ($580k), Mexico ($459k), and Kazakhstan ($429k).

The fastest growing export markets for Rapeseed of United States between 2021 and 2022 were Canada ($11.2M), Australia ($3.06M), and Germany ($262k).

Imports In 2022, United States imported $354M in Rapeseed, becoming the 12th largest importer of Rapeseed in the world. At the same year, Rapeseed was the 637th most imported product in United States. United States imports Rapeseed primarily from: Canada ($263M), Australia ($33.8M), France ($28.6M), Argentina ($19.6M), and Uruguay ($2.9M).

COMPANIES In 2023, leading companies such as Goya Foods (1) were at the forefront of shipping Rapeseed to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Rapeseed exports accounted up to $3.84M and imports accounted up to $20.4M, resulting in a negative trade balance of $16.5M. Between June 2023 and June 2024 the exports of United States'   Rapeseed have increased by $3.28M (582%) from $563k to $3.84M, while imports increased by $262k (1.3%) from $20.1M to $20.4M.

Destinations In June 2024, Rapeseed were exported mostly to Canada ($3.84M), Mexico ($0), and Australia ($0), and were imported mostly from Canada ($19.5M), Moldova ($503k), Germany ($202k), Chile ($131k), and France ($0).

Growth In June 2024, the increase in Rapeseed's year-by-year exports was explained primarily by an increase in exports to Canada ($7.28M or 114%). In June 2024, the increase in Rapeseed's year-by-year imports was explained primarily by an increase in imports from Canada ($2.65M or 17.4%) and Ukraine ($1.62M or 522%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$3.28M(582%)
IMPORT GROWTH (June 2023 - June 2024)$262k(1.3%)
MAIN EXPORTER (June 2024)New Jersey$15M
MAIN DESTINATION (June 2024)Canada$3.84M

This section shows Rapeseed'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 Rapeseed over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$105M
IMPORTS (2022)$354M
NET TRADE (2022)-$249M

In 2022, United States exported $105M in Rapeseed. The main destinations of United States exports on Rapeseed were Canada ($98.3M), Australia ($4.46M), South Africa ($580k), Mexico ($459k), and Kazakhstan ($429k).

In 2022, United States imported $354M in Rapeseed, mainly from Canada ($263M), Australia ($33.8M), France ($28.6M), Argentina ($19.6M), and Uruguay ($2.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rapeseed EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$11.2M (12.8%)
Australia$3.06M (219%)
Germany$262k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rapeseed BY United States WERE (2021 - 2022):
Austria-$1.81M (-100%)
Paraguay-$1.12M (-100%)
France-$664k (-100%)
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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 Rapeseed were:
Australia $5.3B
Canada $4.38B
Ukraine $1.55B
In 2022, United States's main importing competitors in Rapeseed were:
Germany $3.9B
Japan $1.78B
China $1.73B

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Trade Value of Rapeseed by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $1.54M
TOP IMPORT POTENTIALCanada+ $104M

Rapeseed’s highest export potential is Mexico. With an export gap of $1.54M.   Rapeseed’s highest import potential is Canada with an import gap of $104M.

See methodology.

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