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The Liquid Joy of the American Economy
The Liquid Joy of the American Economy
As you sip your “Morning Joe,” “afternoon pick-me-up” or “rocket fuel,” think about where that java might have come from. In this blog, we will talk about the impact of this popular beverage on international trade.
Last year, the United States imported $5.9 billion in coffee and exported close to $1.0 billion. Brazil, Colombia, Vietnam, Guatemala and Canada were the top five countries importing coffee to the United States.
Because coffee comprises nearly $6.0 billion in imports, we took a magnifying glass to the trade data to find some recent trends. Brazil served as the leading source of coffee imports with $1.3 billion, accounting for 22.8 percent of the coffee import market. Of note, is the increase of coffee imports from Colombia. From 2010 to 2015, Colombia experienced an average annual increase of $67.7 million in coffee imports. This establishes Colombia as the largest expanding market over the past five years.
This blog provides a snapshot of how coffee impacts international trade. For more details, visit USA Trade Online today.
Page Last Revised - August 29, 2023
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