IARN — The American agriculture sector posted its best export year ever in 2022.
USDA says international sales of America’s farm and food products reached $196 billion. Final trade data from the U.S. Commerce Department showed U.S. ag exports increased 11 percent, or $19.5 billion, from the previous record set in 2021.
The value of sales increased in all of America’s top ten ag export markets, including China, Mexico, Canada, Japan, the European Union, South Korea, Taiwan, the Philippines, Columbia, and Vietnam. Sales in seven of the ten countries set new records.
The top U.S. commodity exports in 2022 were soybeans, corn, beef, dairy, cotton, and tree nuts. International sales of many products, including soybeans, cotton, dairy, beef, ethanol, poultry, soybean meal, distilled spirits, and distillers’ grains, all reached record values. “Overall, there were 30 markets where U.S. exports exceeded $1 billion in 2022, up from 27 in 2021,” says Ag Secretary Tom Vilsack.
Story courtesy of the Iowa Agribusiness Radio Network.
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