Biofuels
U.S. Biofuels Exports in 2023
Total Export Value
$5.34 Billion
Total Volume
869,479 Metric Tons
3-Year Average
$4.66 Billion
Compound Average Growth
8.5% (2014-2023)
| Market | Total Value (USD) |
|---|---|
| Canada | $3.17 Billion |
| United Kingdom | $409.94 Million |
| European Union | $336.48 Million |
| India | $245.93 Million |
| South Korea | $241.2 Million |
| Peru | $232.86 Million |
| Colombia | $223.42 Million |
| Mexico | $148.38 Million |
| Jamaica | $70.53 Million |
| Philippines | $69.61 Million |
Data and Analysis
In 2023, the value of U.S. tall oil exports to Finland and Sweden rose to nearly a quarter of a billion dollars. This is mainly due to a surge of the price of tall oil as the demand as feedstock for the production of advanced biofuels is increasing while the availability is limited.
Indonesia’s fuel grade ethanol consumption remains small and localized in 2024, a year after the restart of the ethanol program. The formation of a taskforce for sugarcane expansion is meant to advance Indonesia’s self-sufficiency goals in sugar and bioethanol.
Starting October 1, 2024, the Philippines moved to a B3 or 3 percent coco-methyl ester (CME) biodiesel mandate, from 2 percent previously. The blend will gradually increase to 4 percent in October 2025, and to 5 percent in October 2026.
News and Features
Japan ’s new biofuels policy will help promote a cleaner, more sustainable energy future and will expand U.S. ethanol producers’ producers’ access to the Japanese market.
The American agricultural sector posted its best export year ever in 2022 with international sales of U.S. farm and food products reaching $196 billion.
Foreign Agricultural Service Administrator Daniel Whitley led a USDA trade mission to the Philippines, July 18-21. He was joined by representatives from 29 U.S. agribusinesses and farm organizations and 10 state departments of agriculture, working...