Copy Section

{{articledata.title}}

{{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment

%Agriculture exports from the U.S. got a big boost in 2024, with total shipments rising 22%, the largest annual increase in a decade.

The growth in America’s agriculture exports was largely driven by lower prices for commodities and food staples such as grain, oilseeds, and livestock.

At the same time, pork exports benefited from strong global demand, with shipments increasing to destinations such as Mexico, South Korea, and Japan.

Notably, U.S. agriculture exports to South Korea more than doubled, rising 107%, during 2024.

China remained the largest destination for U.S. agriculture exports last year, accounting for 24% of total shipments overseas.

That said, agriculture shipments to China declined 5% from 2023 levels and hit an 11-year low.

The slowdown in Chinese demand resulted from an ongoing economic slump in the nation of 1.4 billion people.

U.S. agriculture export revenue totaled $191 billion U.S. in 2024, down from a record $213 billion U.S. in 2022.

The U.S. Department of Agriculture (USDA) said higher pork and beef prices helped to offset lower grain revenue, with total livestock, poultry, and dairy exports reaching $39.3 billion U.S.

Looking ahead, the USDA forecasts that U.S. agriculture exports will reach $170 billion U.S. in 2025, a decline from levels seen last year.

The livestock sector is once again expected to drive growth, with pork, beef, and dairy exports continuing to expand at a brisk clip, according to the federal government department.


More from @{{articledata.company.replace(" ", "") }}

Menu