Foodstuffs (HS: IV) Product Trade, Exporters and Importers | The Observatory of Economic Complexity (2024)

FAQs

Which 3 countries are the world's largest exporters and importers of goods and services? ›

Leading countries worldwide by value of agricultural products imported in 2020. In 2020, China was the leading importer of agricultural goods worldwide, followed by the United States, and Germany. Chinese imports were worth 193.5 billion U.S. dollars.

The U.S. is the world's top food exporter thanks to high crop yields and extensive agricultural infrastructure. Brazil is the world's fourth-largest food producer and second-largest importer; it is heavily dependent on imports by China.

Canada was the leading chocolate exporting country worldwide in 2023. The country exported over 2.06 billion dollars worth of chocolate.

China is Still the “World's Factory”

The country has been the largest exporter of goods in the world since 2009.

Which Countries are the Net Importers of Food in the World? In 2021, United States led the way in importing food, spending $86.6 billion. Following closely were Germany with $44.3 billion, the United Kingdom with $34.2 billion, France with $30.9 billion, and China with $30.4 billion.

In 2022, the top importers of Foodstuffs were United States ($97.3B), Germany ($45.3B), United Kingdom ($36.3B), Netherlands ($32.3B), and France ($32.1B).

Canada and Mexico are the United States' first and third largest suppliers of agricultural products (averaging $30.9 billion and $25.5 billion in 2017–21, respectively). Mexico supplied the United States with 31 percent of imported horticultural products including fruit, vegetables, and alcoholic beverages.

Soybeans

Soybeans are the largest food and beverage export from the United States. In fact, soybeans also fall into the United States' top 10 exports across all industries. Soybeans are primarily grown in the upper mid-west states⁶, and they are used to creating a variety of food products.

The United States of America-based Walmart Inc is the leading food & grocery retailer in the world (by retail sales).

What is the most traded food commodity? ›

The Hershey Company (NYSE:HSY) is the most popular brand in America for chocolate confectionery, having more than 33% share of the entire chocolate market in the country.

Switzerland holds the distinction of consuming the most chocolate per capita.

In 2023, Mars Wrigley Confectionery was the leading chocolate and cocoa manufacturer worldwide, with net sales of 22 billion U.S. dollars. Ferrero Group and Mondelēz rounded out the top three companies, both exceeding ten billion U.S. dollars in net sales.

World's 10 Largest Importers

The United States is the world's largest importer of goods, followed by China and Germany.

Countries In 2022, world biggest exporters were China ($3.73T), United States ($1.95T), Germany ($1.6T), Japan ($728B), and South Korea ($705B) and world biggest importers were United States ($3.12T), China ($2.16T), Germany ($1.49T), Japan ($819B), and France ($799B).

Exports The top exports of United States are Refined Petroleum ($138B), Crude Petroleum ($118B), Petroleum Gas ($116B), Cars ($57.5B), and Integrated Circuits ($49.8B), exporting mostly to Canada ($308B), Mexico ($294B), China ($151B), Japan ($79.5B), and United Kingdom ($75.4B).