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2022
Exports $119MWorld Rnk 11 / 152
Flag Rnk 708 / 1217
2022
Destination $6.54M Mexico
2021 - 2022
FASTEST GROWING MARKET $6.54MMexico
2022
PRODUCT COMPLEXITY IN Fermented Milk Products-0.22Rnk 622 / 1025
2022
Imports $117MWorld Rnk 11 / 219
Flag Rnk 857 / 1216
2022
Origin $10.8M Canada
2021 - 2022
FASTEST GROWING ORIGIN $10.8MFrance
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $119M in Fermented Milk Products, making it the 11th largest exporter of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 708th most exported product in United States. The main destination of Fermented Milk Products exports from United States are: Mexico ($31.7M), Philippines ($28.9M), Canada ($6.66M), Chinese Taipei ($4.68M), and South Korea ($4.11M).

The fastest growing export markets for Fermented Milk Products of United States between 2021 and 2022 were Mexico ($6.54M), Philippines ($4.3M), and Canada ($1.95M).

Imports In 2022, United States imported $117M in Fermented Milk Products, becoming the 11th largest importer of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 857th most imported product in United States. United States imports Fermented Milk Products primarily from: Canada ($49M), France ($41.9M), Netherlands ($5.32M), Chile ($5.22M), and Mexico ($4.1M).

The fastest growing import markets in Fermented Milk Products for United States between 2021 and 2022 were France ($10.8M), Canada ($6.83M), and Chile ($2.15M).

COMPANIES In 2023, leading companies such as IKEA Group (53), Heineken (41), and Walong Marketing (25) were at the forefront of shipping Fermented Milk Products to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Fermented Milk Products exports accounted up to $12.3M and imports accounted up to $11.8M, resulting in a positive trade balance of $425k. Between June 2023 and June 2024 the exports of United States'   Fermented Milk Products have increased by $2.28M (22.8%) from $9.99M to $12.3M, while imports decreased by $-673k (-5.38%) from $12.5M to $11.8M.

Destinations In June 2024, Fermented Milk Products were exported mostly to Mexico ($4.88M), Philippines ($2.07M), Saudi Arabia ($641k), South Korea ($565k), and Dominican Republic ($427k), and were imported mostly from Canada ($7.11M), France ($3.05M), Mexico ($658k), Australia ($553k), and Colombia ($159k).

Growth In June 2024, the increase in Fermented Milk Products's year-by-year exports was explained primarily by an increase in exports to Philippines ($3.87M or 3.09k%), Mexico ($1.43M or 65.6%), and Malaysia ($235k or 1.28k%). In June 2024, the decrease in Fermented Milk Products's year-by-year imports was explained primarily by a decrease in imports from Greece ($-6.68k or -72.4%), Poland ($-1.25k or -18.6%), and Russia ($-161 or -2.68%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$2.28M(22.8%)
IMPORT GROWTH (June 2023 - June 2024)$-673k(-5.38%)
MAIN EXPORTER (June 2024)California$3.4M
MAIN DESTINATION (June 2024)Mexico$4.88M

This section shows Fermented Milk Products'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 Fermented Milk Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$119M
IMPORTS (2022)$117M
NET TRADE (2022)$2.65M

In 2022, United States exported $119M in Fermented Milk Products. The main destinations of United States exports on Fermented Milk Products were Mexico ($31.7M), Philippines ($28.9M), Canada ($6.66M), Chinese Taipei ($4.68M), and South Korea ($4.11M).

In 2022, United States imported $117M in Fermented Milk Products, mainly from Canada ($49M), France ($41.9M), Netherlands ($5.32M), Chile ($5.22M), and Mexico ($4.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Fermented Milk Products EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$6.54M (26%)
Philippines$4.3M (17.5%)
Canada$1.95M (41.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fermented Milk Products BY United States WERE (2021 - 2022):
South Korea-$3.64M (-46.9%)
Cayman Islands-$1.9M (-87.1%)
Malaysia-$941k (-40.5%)
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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 Fermented Milk Products were:
Germany $1.01B
France $597M
Belgium $347M
In 2022, United States's main importing competitors in Fermented Milk Products were:
Italy $477M
United Kingdom $452M
Netherlands $348M

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Trade Value of Fermented Milk Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $929k
TOP IMPORT POTENTIALMexico+ $2.4M

Fermented Milk Products’s highest export potential is Netherlands. With an export gap of $929k.   Fermented Milk Products’s highest import potential is Mexico with an import gap of $2.4M.

See methodology.

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