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U.S. exports outpaced U.S. imports in 2014

U.S. exports outpaced U.S. imports in 2014
Exports grew by 8 percent on average annually from 2000 to 2014 while imports increased by 7.8 percent. Rising global demand, primarily in developing country markets, along with the dollar's competitive exchange rate helped U.S. exports grow faster than imports on average during the past decade. As a result, the U.S. agricultural trade surplus widened to $38.8 billion in 2014. Population growth, ethnic diversity, changing taste preferences, and high incomes are behind U.S. food import demand. (U.S. agricultural exports are forecast to decline in 2015, however, as a result of lower exports of high-value products and low prices for bulk commodities.)

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Last updated: Tuesday, April 08, 2014

For more information contact: Lewrene Glaser