Corn
U.S. Corn Exports in 2022
Total Export Value
$18.61 Billion
Total Volume (Millions)
58 Metric Tons
3-Year Average
$15.49 Billion
Compound Average Growth
11.3% (2013-2022)
Top 10 Markets for Corn in 2022
Market | Total Value (USD) |
---|---|
China | $5.26 Billion |
Mexico | $4.92 Billion |
Japan | $2.98 Billion |
Canada | $1.33 Billion |
Colombia | $979.03 Million |
South Korea | $507.79 Million |
Honduras | $293.4 Million |
Guatemala | $292.6 Million |
Taiwan | $268.38 Million |
Saudi Arabia | $247.85 Million |
Data and Analysis
The Philippines maintains a Tariff Rate Quota (TRQ) for corn (H.S. 1005). Following the reduction of tariffs in 2022 and their extension in 2023, significant interest in how to access the in-quota tariff ensued, and in turn, so followed widespread concern among local stakeholders for the process being anti-competitive, outdated, and potentially inconsistent with the Philippines' commitments with trading partners.
Due to continued elevated agricultural input costs, Mexico’s corn production in marketing year (MY) 2023/24 is forecast at 27.4 million metric tons (MMT), unchanged from the year prior. Lower than expected planting intentions data accounts for slightly lower rice and wheat production forecasts.
FAS Tel Aviv (Post) forecasts Israel’s wheat imports to reach 1.70 million metric tons (MMT) in marketing year (MY) 2023/24, a 2.8 percent decrease from Post’s MY 2022/23 figure.
News and Features
March 28, 2023
Export Sales to China
Private exporters reported sales of 136,000 metric tons of corn for delivery to China during the 2022/2023 marketing year. ### The U.S. Department of Agriculture is required by law to publicly release summary sales data obtained from U.S. exporters...
March 27, 2023
Export Sales to Unknown Destinations
Private exporters reported sales of 112,800 MT of corn for delivery to unknown destinations during MY 2022/2023.
March 24, 2023
Export Sales to China
Private exporters reported sales of 204,000 MT of corn for delivery to China during MY 2022/2023.
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