Overview In December 2023 United States' Coffee exports accounted up to $102M and imports accounted up to $507M, resulting in a negative trade balance of $405M. Between December 2022 and December 2023 the exports of United States' Coffee have increased by $8.98M (9.71%) from $92.5M to $102M, while imports decreased by $-220M (-30.3%) from $727M to $507M.
Destinations In December 2023, Coffee were exported mostly to Canada ($67.3M), South Korea ($12.5M), Saudi Arabia ($3.92M), China ($3.42M), and Taiwan ($2.64M), and were imported mostly from Colombia ($122M), Brazil ($104M), Switzerland ($85.3M), Peru ($44M), and Canada ($39.1M).
Growth In December 2023, the increase in Coffee's year-by-year exports was explained primarily by an increase in exports to Canada ($17.1M or 37.4%), Mexico ($674k or 17.9%), and Dominican Republic ($549k or 18.2k%). In December 2023, the decrease in Coffee's year-by-year imports was explained primarily by a decrease in imports from Switzerland ($-21.5M or -21.6%), Colombia ($-20M or -11.3%), and Peru ($-15.8M or -41.2%).
