A new report by the USDA shows U.S. export values climbed to a new high in 2021.
On average, all exports except re-exports of foreign-origin goods have grown 6 percent annually since 2002, reaching $1.4 trillion in 2021. The report shows the value of U.S. ag exports rose by an average of 11 percent each year between 2002 and 2021, accounting for 12 percent of total export value.
It goes on to say growth in agricultural exports has been fairly resilient to market shocks that came with the COVID-19 pandemic, and ag exports are forecast to reach a record $196 billion in 2022.
