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U.S. agricultural exports to South America nearly doubled in the past four years, reaching a record of more than $8 billion in calendar year 2014.
U.S. ethanol exports rebounded in 2014, with value and volume both up approximately 35 percent from the previous year, although still below the record set in 2011.
The United States exported a record $9.7 billion of forest products in fiscal year 2014. Among U.S. agricultural exports, only corn and soybeans had higher export values.
Central America and the Caribbean, with their close geographical and economic ties to the United States, have always been an important market for U.S. agricultural exports.
In the past decade, one of the most apparent trends agricultural trade patterns has been the growth in agricultural trade between developing countries or so-called “South-South trade.”
U.S. exports of corn-based products have experienced rapid growth in the past decade, reaching a value of $7.6 billion in fiscal year 2014, up 16 percent from the previous year.
U.S. exports of fish and seafood reached a record $5.3 billion in FY 2014. Recent growth in U.S. exports has primarily been due to increased volume rather than higher prices.
During the past decade, Turkey has emerged as a major exporter of agricultural products, both to the Middle East and other markets.
U.S. agricultural exports to Southeast Asia have experienced extremely rapid growth in recent years and, in FY 2014, they climbed to a record $11.5 billion – up 11 percent from FY 2013.
In recent years, India’s exports have demonstrated phenomenal growth – especially to developing countries, which now account for nearly 80 percent of Indian exports.
In the past decade, India has emerged as a major agricultural exporter, with exports climbing from just over $5 billion in 2003 to a record of more than $39 billion in 2013.
On August 6, 2014, Russia issued an order banning certain agricultural imports from the United States, the EU-28, Canada, Australia, and Norway for one year.