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Southeast Asia is a major market for U.S. agricultural products, ranking as the third-largest regional market in 2017, behind East Asia and North America.
In the past decade, one of the most apparent trends agricultural trade patterns has been the growth in agricultural trade between developing countries or so-called “South-South trade.”
U.S. agricultural exports to Southeast Asia have experienced extremely rapid growth in recent years and, in FY 2014, they climbed to a record $11.5 billion – up 11 percent from FY 2013.
In recent years, India’s exports have demonstrated phenomenal growth – especially to developing countries, which now account for nearly 80 percent of Indian exports.
Indonesia is one of the most dynamic growth markets for U.S. agricultural exports, with strong economic performance and rapid urbanization propelling changes in consumption and trade.