In 2022, the American agricultural sector enjoyed its best export year ever, with a whopping $196 billion international sales of U.S. farm and food products. This represented an 11 percent increase from the previous record, set in 2021. Impressively, the value of sales increased in all of the top 10 export markets for American agricultural products, with seven of those markets setting new records themselves.
“The achievement of a second consecutive year of record-breaking agricultural exports, alongside a historic $160.5 billion net farm income in 2022, is a testament to the effective efforts made by the Biden-Harris Administration to create new and better markets for America’s agricultural producers and businesses,” said Tom Vilsack. “We establish stronger connections with our trading partners and uphold their commitments. Furthermore, we are making significant investments in infrastructure to improve supply chains and prevent market disruptions. We are also eliminating trade barriers preventing American producers from accessing important markets. Finally, we continue to invest in programs to enhance export markets, working alongside the industry to offer worldwide consumers high-quality and cost-effective U.S. products.”
Soybeans, corn, beef, dairy, cotton, and tree nuts were the top commodities exported by the United States in 2022. Combined, they comprised more than half of the total agricultural export value. In addition, several products, including soybeans, cotton, dairy, and beef, achieved record values in international sales. The U.S. agricultural industry is committed to maintaining and growing its customer base globally, with exports exceeding $1 billion in 30 different markets in 2022.
“We are dedicated to maintaining our current customer base worldwide, but we are also exploring new prospects for growth in regions such as Africa, Latin America, the Middle East, and Southeast Asia,” said Tom Vilsack. “In 2022, exports from the United States exceeded $1 billion in 30 different markets, which is three more markets than the previous year. This clearly indicates the wide-ranging global demand for American agricultural products.”
The industry’s commitment to growth extends beyond established markets, with plans to explore new opportunities in Africa, Latin America, the Middle East, and Southeast Asia. Overall, the continued growth of U.S. agricultural exports is good news for farmers, agribusinesses, and the U.S. economy.
Photo by Andreas Strandman on UnsplashÂ
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