Export Gains: What commodities made progress last year?

Agricultural exports and imports both declined last year in the U.S.

Agricultural exports and imports both declined last year in the U.S.

Ag exports for 2023 came in at $174.9 billion, which is down 11 percent from the previous year. Imports were down 2 percent at $194.9 billion, and that leaves an ag trade deficit of around $20 billion.

USDA economist Bart Kenner shares some high-value products that made export gains in 2023.

“Animal feeds and oil meal are up 6% from last year at $18 billion. Prepared and preserved vegetables were up 10% from last year at $5.4 billion. Fresh fruits were up 5% from last year at $4.3 billion. Vegetables and their products overall were up 6% from last year at $8.1 billion, and distilled spirits were up 8% at $2.2 billion.”

Kenner says total bulk commodity exports went down 23 percent last year.

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