According to data released by the USDA, exports of US grains in all forms increased by 26% to 109.4 million tonnes in the 2023-24 marketing year.
The increase in exports were bolstered by a record 1,746,490,298 gallons of ethanol sold internationally and a single-market record 23.4 million metric tons (924 million bushels) shipped to Mexico.
Grain Export Values by Year
According to the U.S. Grains Council (USGC), "The new ethanol record does not include an estimated 140.5 million gallons of ethanol exported to Japan in the form of ethyl tert-butyl ether (ETBE)".
“We applaud US farmers and producers for their outstanding efforts in increasing exports this marketing year, and especially to ethanol producers who continue their trajectory of outstanding growth to meet global market demands,” said Ryan LeGrand, USGC president and chief executive officer.
Mexico remained U.S. agriculture’s number one overall trading partner, purchasing 35,016,923 metric tons (1,378,546,224 bushels) of all forms of grains. While Japan moved into second place over China, a sign of success from the ongoing efforts of the USGC and its partners to defend and expand the Japanese market from competing origins.
Colombia skyrocketed into becoming the fourth largest trading partner for U.S. agriculture thanks to a 129.9% increase in purchases. Canada, South Korea, Taiwan, the European Union, Guatemala and Vietnam rounded out the top 10 markets in MY 2023/2024.
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