Data and Analysis

In 2024, Indonesia was the 11th-largest market for U.S. agricultural exports, valued at $2.9 billion. In July 2025, President Donald J. Trump announced a landmark trade deal with Indonesia that would expand U.S. businesses’ access to markets in Indonesia and has the potential to facilitate substantial expansion for U.S. agricultural exports. The United States was the fourth-largest supplier of agricultural products to Indonesia in 2024, accounting for 10 percent of Indonesia’s import market, following Brazil, China, and Australia.

Latin America (South America and the Caribbean) is the third-largest market for U.S. dog and cat food. The region is currently experiencing disinflation, lower interest rates, favorable export commodity prices, and increased tourism, all driving economic activity.

The Mexican market offers continued opportunities for U.S. farmers, ranchers, and food processors to further expand sales across the agricultural spectrum. Mexico is a top market for primary U.S. grains and oilseeds, as well as consumer-oriented groceries. An expanding population, coupled with continued economic growth and geographic proximity, makes Mexico an attractive market for U.S. food and agricultural producers.

Major bulk commodities, as a share of total U.S. agricultural exports, have risen and fallen dramatically since 2020. Beyond short-term price volatilities that have largely driven these developments, changes to the largest overseas market and an increasingly competitive landscape also affect the prospect for major U.S. bulk exports.