Trade Spotlight

U.S. Cranberries on the Up

The United States is one of the world’s leading cranberry producers and exporters. In fiscal year (FY) 2024, the United States exported $351.0 million of cranberries and related products, performing 2 percent higher than the 5-year average (FY 2019 through FY 2023).
Trade Spotlight

The Billion Dollar Club

As one of the world’s top agricultural exporters, the United States boasts a vast global trading network. In 2023, U.S. agricultural exports reached 23 markets valued at least $1.0 billion. These markets account for 88 percent of total agricultural exports and are primarily located in North America, Central America, Europe, Asia, and Oceania.
India is expected to reach record corn consumption of 37.4 million tons for marketing year (MY) 2023/24 (Nov-Oct). This increase is driven by the government’s ethanol policy and the growth of the poultry sector, which have significantly reduced corn...
The United States is the leading exporter of tree nuts in the global market, specifically almonds, walnuts, and pistachios.
U.S. wheat exports are forecast to rebound by more than a million tons in the 2024/25 marketing year (June – May), after dipping to the lowest volume in more than 50 years in 2023/24.
U.S. agricultural exports are a critical source of farm income. The USDA Economic Research Service estimates that on average 23 percent of the output of nonmanufactured agricultural products were exported between 2013 and 2022.
Agricultural exports continue to play an important role in the U.S. economy, with every state contributing.
Trade Spotlight

A Sweet Boon for U.S. Trade and Economic Activity

The United States is one of the top three exporters of chocolate and candy products in the world. In 2023, the United States exported $1.9 billion of chocolate and cocoa products and $838 million of confectionery products, a combined $2.7 billion, reaching all-time records.
Between FY 2013 and 2023, U.S. agricultural exports increased by $33.7 billion, and many markets outside of the traditional top four saw significant export growth.
U.S. soybean meal exports set a record at an estimated 13.2 million tons in MY 2022/23 (Oct-Sep), valued at nearly $7 billion, driven by increased soybean crush to supply feedstock oil for growing U.S. biomass-based diesel production.
India, the world’s largest rice exporter, disrupted global rice markets by banning white rice exports in July 2023, before placing an export tax on parboiled rice exports in August 2023.
The production of biomass-based diesel (BBD) is expanding globally, driven by policies mandating and incentivizing its use as an alternative to petroleum-based diesel. BBD policies tend to support rural economies, lower greenhouse gas emissions in transportation, and improve air quality.