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U.S. agricultural exports to China in fiscal year (FY) 2022 were $36.4 billion and surpassed the previous year’s record with China as the largest export market for the second consecutive year. Significantly higher agricultural prices and resilient demand helped drive exports above the previous year’s record despite lower volumes for most products.
Strong foreign demand and reduced competition have sharply boosted exports to record levels for U.S. corn in 2020/21.
China’s announcement of tariff exclusions following the Phase One agreement had an immediate impact on U.S. sorghum exports mainly because of the sheer volume China purchases and its effect on prices.
At a combined $23.8 billion, China and Hong Kong represent 18 percent of U.S. agricultural exports to the world, up from 10 percent just a decade ago.
The United States exported 836 million gallons of non-beverage ethanol in 2015, nearly all of which was used for fuel.
Over the past decade, the United States' agricultural exports to China have risen sharply, propelling China into its position as the fastest-growing and highest-value export destination...
U.S. exports of corn-based products have experienced rapid growth in the past decade, reaching a value of $7.6 billion in fiscal year 2014, up 16 percent from the previous year.
A rapidly growing middle class in North Asia is expected to boost demand for U.S. agricultural exports over the next decade.
Production of distillers dried grains (DDG) has soared in recent years as ethanol production has grown.
Rising global demand and higher prices drove U.S. hay exports to a record $1.25 billion in 2012.