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IV (Harmonized System 1992 for Section)

2023
World Trade $806BRnk 9 / 21
2023
Top Exporter | Top Importer $57.7B | $98.4BUnited States | United States
2023
Product Complexity -0.44Rnk 16 / 21
2022 - 2023
Export Growth (CAGR) 4.45%Rnk 3 / 21
2023
Share of World Trade 3.57%Rnk 9 / 21

About

Overview This page contains the latest trade data of Foodstuffs. In 2023, Foodstuffs were the world's 9th most traded product, with a total trade of $806B. Between 2022 and 2023 the exports of Foodstuffs grew by 4.45%, from $772B to $806B. Trade in Foodstuffs represent 3.57% of total world trade.

Foodstuffs include Beverages, spirits, & vinegar, Food residues & wastes; animal fodder, Miscellaneous edible preparations, Preparations of cereals, flour, starch or milk, Preparations of vegetables, fruit, nuts or other plant parts, Sugars & confectioneries, Preparations of fish, crustacenas, & molluscs, Tobacco & substitutes, and Cocoa & cocoa preparations.

Exports In 2023 the top exporters of Foodstuffs  were United States ($57.7B), Germany ($54.7B), France ($48.2B), Netherlands ($45.8B), and Italy ($41.7B).

Imports In 2023 the top importers of Foodstuffs were United States ($98.4B), Germany ($49.9B), United Kingdom ($42.6B), France ($35.8B), and China ($35.6B).

Ranking Foodstuffs ranks 16th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Foodstuffs. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

Explore Latest Trends

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)United States$57.7B
Top Destination (2023)United States$98.4B

In 2023 Foodstuffs were the world's 9th most traded product (out of 21).

In 2023, the top exporters of Foodstuffs were United States ($57.7B), Germany ($54.7B), France ($48.2B), Netherlands ($45.8B), and Italy ($41.7B).

In 2023, the top importers of Foodstuffs were United States ($98.4B), Germany ($49.9B), United Kingdom ($42.6B), France ($35.8B), and China ($35.6B).

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Exporters of Foodstuffs (2023)
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Importers of Foodstuffs (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Brazil$6.16B
Top Destination Growth (2022 -  2023)Germany$5.74B

Between 2022 and 2023, the exports of Foodstuffs grew the fastest in Brazil ($6.16B), Germany ($6.02B), Belgium ($4.79B), Poland ($4.27B), and Netherlands ($3.08B).

Between 2022 and 2023, the fastest growing importers of Foodstuffs were Germany ($5.74B), United Kingdom ($3.7B), France ($3.69B), Italy ($2.85B), and China ($2.15B).

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Exporters of Foodstuffs (2022 - 2023)

Importers of Foodstuffs (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Foodstuffs.

In 2023, market concentration measured using Shannon Entropy, was 5.53. This means that most of the exports of Foodstuffs are explained by 46 countries.

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Value of Exports in Foodstuffs

Net Trade

TOP NET EXPORTER (2023)Brazil$37.8B
TOP NET IMPORTER (2023)United States$40.7B

This map shows which countries export or import more of Foodstuffs. Each country is colored based on the difference in exports and imports of Foodstuffs during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Foodstuffs were Brazil ($37.8B), Italy ($20.2B), Thailand ($17.4B), Mexico ($16.2B), and Poland ($13.3B).

In 2023, the countries that had a largest trade value in imports than in exports of Foodstuffs were United States ($40.7B), Japan ($22B), United Kingdom ($20.5B), Hong Kong ($7.94B), and Saudi Arabia ($6.66B).

Net Trade (2023)

Disaggregation

Value
Disaggregation

In 2023, the world most traded Foodstuffs, disaggragated by their HS6 level were Beverages, spirits, & vinegar ($152B), Food residues & wastes; animal fodder ($114B), Preparations of cereals, flour, starch or... ($105B), Miscellaneous edible preparations ($105B), and Preparations of vegetables, fruit, nuts or... ($83.2B)

HS6 Disaggregation for Foodstuffs (2023)
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Country Comparison

Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Foodstuffs.
It is possible to select the main countries that export or import Foodstuffs in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Foodstuffs by percentage of total exports

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALCanada+ $166M
TOP IMPORT POTENTIALFrance+ $92.8M

Foodstuffs’s highest export potential is Canada. With an export gap of $166M.  Foodstuffs’s highest import potential is France with an import gap of $92.8M.

See methodology.

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Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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