WASHINGTON, Feb. 10, 2023 – The American agricultural sector posted its greatest export yr ever in 2022 with worldwide gross sales of U.S. farm and meals merchandise reaching $196 billion, Agriculture Secretary Tom Vilsack introduced in the present day. Closing 2022 commerce knowledge launched earlier this week by the Commerce Division exhibits that U.S. agricultural exports elevated 11 %, or $19.5 billion, from the earlier report set in 2021.
“This second consecutive yr of record-setting agricultural exports, coupled with a report $160.5 billion in internet farm earnings in 2022, demonstrates the success of the Biden-Harris Administration’s efforts to create new and higher markets for America’s agricultural producers and companies,” Vilsack stated. “We’re strengthening relationships with our buying and selling companions and holding these companions accountable for his or her commitments. We’re making historic investments in infrastructure to strengthen provide chains and stop market disruptions. We’re pulling down commerce limitations that hamper U.S. producers’ entry to key markets. And we’re persevering with to spend money on export market growth packages, partnering with trade to convey high-quality, cost-competitive U.S. merchandise to customers all over the world.”
The worth of gross sales elevated in the entire United States’ prime 10 agricultural export markets – China, Mexico, Canada, Japan, the European Union, South Korea, Taiwan, the Philippines, Colombia and Vietnam, with gross sales in seven of the ten markets (China, Mexico, Canada, South Korea, Taiwan, the Philippines and Colombia) setting new data.
“Whereas we stay dedicated to our established buyer base all over the world, we’re additionally setting our sights on new progress alternatives in locations like Africa, Latin America, the Center East and Southeast Asia. Total, there have been 30 markets the place U.S. exports exceeded $1 billion in 2022 – a rise from 27 markets in 2021 – demonstrating the broad international enchantment of American-grown merchandise,” Vilsack famous.
The highest commodities exported by the US in 2022 had been soybeans, corn, beef, dairy, cotton and tree nuts, which collectively comprised greater than half of U.S. agricultural export worth. Worldwide gross sales of many U.S. merchandise – together with soybeans, cotton, dairy, beef, ethanol, poultry, soybean meal, distilled spirits and distillers’ grains – reached report values.
“On the finish of the day, agricultural commerce is all about alternatives – for America’s farmers and ranchers, for our rural communities, for the U.S. financial system and for our international prospects. We prolong our gratitude to the Individuals throughout the agricultural trade who create and help these alternatives by rising, processing, promoting and transport our farm and meals merchandise to the world,” Vilsack stated.
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