Bangkok Shipowners and Agents Association

Bangkok Shipowners and Agents Association
To represent and promote the views and policies of the Association to the Thai Government and all other governmental official and non-governmental bodies which may be concerned with shipping.
Home News World Shipping News US agriculture exports reach US$140.5b in FY 2017
US agriculture exports reach US$140.5b in FY 2017 PDF Print E-mail
Sunday, 26 November 2017 10:40

 

THE United States exported a total of US$140.5 billion worth of agricultural exports for fiscal year 2017, ending September 30, an increase of $10.9 billion over the previous fiscal year, according to recent data from the US Department of Agriculture (USDA).

 

China was the largest export market for US agricultural goods, totalling $22 billion, USDA said. Canada was the second largest US export market at $20.4 billion, while Mexico imported $18.6 billion worth of US agricultural goods. Japan was the fourth largest export market at $11.8 billion. The remainder of the top 10 overseas markets for US agricultural goods include the European Union ($11.6 billion), South Korea ($6.9 billion), Hong Kong ($4 billion), Taiwan ($3.4 billion), Indonesia ($3 billion) and the Philippines ($2.6 billion).

 

US bulk commodity exports overall set a volume record at 159 million metric tonnes, up 11 per cent from fiscal year 2016, with a value of $51.4 billion, according to USDA figures. Soybeans was the top US bulk agricultural export at 60 million metric tonnes, with a value $24 billion. The value of cotton exports increased 70 per cent to $5.9 billion, while wheat exports rose 21 per cent to $6.2 billion and corn exports bumped up 6 per cent to $9.7 billion.

Meanwhile, US dairy exports during fiscal year 2017 grew 17 per cent to $5.3 billion, beef exports were up 16 per cent to $7.1 billion, and pork exports increased 14 per cent to $6.4 billion, according to American Shipper.