Five destinations accounted for 59 percent of all U.S. agricultural exports, by value, in 2017
The United States exported $138 billion worth of agricultural goods in 2017. Since 2015, annual export value has increased each year, but is still down from a record of $150 billion in 2014. Although the United States exports agricultural goods to most countries worldwide, for the last 3 decades, close to 60 percent of the value of U.S. agricultural exports has gone to five major trading partners: Canada, China, Mexico, the European Union (EU-28), and Japan. In 2017, this pattern persisted, with 59 percent going to these five markets. The dominance of key U.S. markets occurs for a number of reasons. In the cases of Canada and Mexico, proximity to the United States plays a large role in their trade relationships, and regional trade agreements have further increased trade between the United States and these neighbors. In the cases of China, Japan, and the EU-28, the sheer size of the economies involved is the key factor determining trade shares: after the United States, the EU-28, China, and Japan have the highest gross domestic products, and each of these countries accounts for a significant share of global imports of agricultural goods. While 2018 calendar year data are not yet available, exports for fiscal year 2018 increased to $141.5 billion. This chart is drawn from data in the Foreign Agricultural Trade of the United States (FATUS) data product, updated in February 2019. See also Outlook for U.S. Agricultural Trade: November 2018.
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