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While the United States holds a 5-year average of less than 1 percent market share ($20.7 million in 2023 exports), Senegal has a growing food manufacturing industry that seeks cost-competitive ingredients and is expanding its exports to neighboring countries.
In 2021, despite advantages offered through the United States-Colombia Trade Promotion Agreement (TPA), U.S. rice exports to Colombia have declined to just $5 million through July. The significantly lower exports to this market are a result of a larger Colombian crop and lower domestic prices, plus increased competition from South American exporters.
Global prices for wheat and rice have risen during the past year due to lower production, export restrictions among major suppliers, and strong foreign demand.
Mexico is the second-largest export market of agricultural products from the United States. Over the last decade, U.S. agricultural exports to Mexico grew 48 percent to $19.1 billion.
Kenya is an emerging middle-income country and has one of the best performing economies in sub-Saharan Africa.
Since the Trade Sanctions Reform and Export Enhancement Act (TSRA) was implemented in 2000, the United States has exported nearly $5 billion worth of agricultural products to Cuba.
In recent years, India’s exports have demonstrated phenomenal growth – especially to developing countries, which now account for nearly 80 percent of Indian exports.
In the past decade, India has emerged as a major agricultural exporter, with exports climbing from just over $5 billion in 2003 to a record of more than $39 billion in 2013.
A strong economic outlook, growing middle class and surging demand for consumer-oriented foods make Sub-Saharan Africa one of the fastest-growing regions for U.S. agricultural exports.
Venezuela offers growing opportunities for U.S. agricultural exports, despite strong competition and other challenges.
Brazilian exports continue to surge and provide growing competition for U.S. farm products.