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USDA report reveals ag export trends

USDA report reveals ag export trends

By Jamie Martin

A recent report from the U.S. Department of Agriculture (USDA) sheds light on the dynamics of agricultural exports, crucial for American food and agricultural industries. Over the past decade, export markets have become increasingly significant for U.S. non-manufactured products, including grains, oilseeds, and produce.

The report highlights a notable trend of growth in the export volume of these commodities, averaging a 1.4 percent annual increase since 2008. Notably, food grains and fruits/tree nuts stand out, with exports constituting a substantial portion—65 percent and 44 percent of their production value, respectively.

In contrast, the export share of manufactured goods, such as sweeteners, bakery products, and dairy items, has been comparatively lower. However, the overall export share has been on a decline since 2012, indicating a shift towards retaining more production for domestic consumption.

This trend underscores the evolving dynamics of global trade in agricultural products and the increasing importance of export markets for U.S. agricultural producers. The USDA report provides valuable insights into these trends, aiding stakeholders in making informed decisions and strategies to navigate the evolving landscape of international trade.

Photo Credit: usda

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