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U.S. Agricultural Exports Increased in Diverse Markets over the Last Decade

Between FY 2013 and 2023, U.S. agricultural exports increased by $33.7 billion, and many markets outside of the traditional top four saw significant export growth.
Growth markets 2013-2023 changes
Trade Spotlight

U.S. Soybean Meal Exports Expected to Reach Record High

U.S. soybean meal exports set a record at an estimated 13.2 million tons in MY 2022/23 (Oct-Sep), valued at nearly $7 billion, driven by increased soybean crush to supply feedstock oil for growing U.S. biomass-based diesel production.
Stacked column chart illustrating the growth of U.S. soybean meal exports which are forecasted to reach a record high in MY 2023/24
Trade Spotlight

Rice Export Prices Highest in More Than a Decade as India Restricts Trade

India, the world’s largest rice exporter, disrupted global rice markets by banning white rice exports in July 2023, before placing an export tax on parboiled rice exports in August 2023.
Line graph showing the changes in the exported price of rice per metric ton since 2013. Prices have increased sharply since India stopped rice exports.
Trade Spotlight

Growing Demand for Fats and Oils Due to Global Biodiesel Expansion

The production of biomass-based diesel (BBD) is expanding globally, driven by policies mandating and incentivizing its use as an alternative to petroleum-based diesel. BBD policies tend to support rural economies, lower greenhouse gas emissions in transportation, and improve air quality.
Stacked column chart illustrating that waste feedstock now accounts for one-third of total use of biomass diesel production
Trade Spotlight

Rapid Growth for U.S. Pet Food Exports to China

U.S. dog and cat food exports to China reached a record $264 million in 2022, with China becoming the second-largest U.S. export market.
Column chart showing the rise of U.S. pet food exports to China. After years of stagnation from 2012 to 2018, exports began to rise in 2019 and skyrocketed to a record more than $250 million 2022
Trade Spotlight

The Growing Importance of U.S. Ethanol Exports for Industrial Uses

The United States transitioned from a net importer of ethanol in 2009 to the world’s largest supplier, exporting a record 1.7 billion gallons in 2018. While the use of ethanol as a fuel for blending with gasoline accounted for three-fourths of the export expansion, ethanol for other nonfuel industrial applications has seen slower but steady growth.
Line graph comparing US ethanol exports by their end use. Historically more of the ethanol has been used for fuel, but in recent years other industrial uses have nearly caught fuel.