Agricultural Exports Shattered Records in 2021

U.S. Agriculture posted its highest annual export levels ever recorded in 2021. The final 2021 trade data published by the Department of Commerce Tuesday shows that exports of U.S. farm and food products totaled $177 billion. The total beat the 2020 figure by 18 percent and eclipsed the previous record set in 2014, by 14.6 percent. Agriculture Secretary Tom Vilsack says, “These record-breaking trade numbers demonstrate that U.S. agriculture is incredibly resilient.” The United States’ top ten export markets saw gains in 2021, with six of the ten – China, Mexico, Canada, South Korea, the Philippines and Colombia – setting new records. Worldwide exports of many U.S. products, including soybeans, corn, beef, pork, dairy, distillers grains and pet food, also reached all-time highs. China remained the top export destination, with a record $33 billion in purchases, up 25 percent from 2020, while Mexico inched ahead of Canada to capture the number two position with a record $25.5 billion, up 39 percent from last year.

Related articles

Tuesday, September 27th, 2022 Video and Audio Podcast

We saw a mostly "risk-on" type day in the grain trade on Tuesday although it was a bit of a see-saw type trade. The U.S. dollar started lower allowing all commodities to move higher...

Senate Could Vote This Week on Key USDA Nominees

The Senate could vote this week on Biden nominees for key USDA posts, as it wraps up most pre-election business but for a week or so in October. Senate Ag Republicans last week complained about...

USDA Announces Action to Spur Competition, Protect Producers and Reduce Costs

The Biden administration Monday announced two new Department of Agriculture efforts to support fair and competitive meat and poultry markets. The efforts include publishing the proposed Inclusive Competition and Market Integrity Rules Under the...

Mixed Week for Fuel Prices

Ending the 14-week stretch of gas prices declining, the nation’s average gas price posted a rise of 3.2 cents from a week ago to $3.67 per gallon. The national average is down 17.5 cents...

USMCA Partners Host Environmental Committee Meeting

Officials from the United States, Mexico and Canada met last week as part of the U.S.-Mexico-Canada Agreement’s Environment Committee. The committee was established as part of the USMCA to oversee the Environment Chapter’s implementation...

Latest articles

%d bloggers like this: