U.S. agricultural export values climb to third-highest level in 2024

U.S. agricultural export values, not adjusting for inflation, peaked in 2022 before declining in 2023. This decline was due to falling global commodity prices, a strong dollar, and shifting demand for some commodities such as corn and soybeans. In 2024, U.S. agricultural exports increased by $1.8 billion (1 percent) over 2023, reaching the third highest level on record. Four categories typically make up about 90 percent of exports: grains and feeds; oilseeds and products; livestock and animal products; and horticultural products. Within these categories, the top 10 U.S. exports in 2024 were soybeans, corn, beef and beef products, tree nuts, pork and pork products, dairy products, soybean meal, food preparations, wheat, and poultry meat and products. Together, these products comprised 57 percent of U.S. agricultural export value.