USA's Agricultural & Poultry Market: Stats & Figures

 

Agriculture and poultry are the major revenue driven industries of the USA. Some of the leading agricultural exports of the USA are grains, soybeans, corn, fruits, vegetables, tree nuts and livestock products. In 2023, the USA's overall agricultural exports remained at $178 billion. Further, according to the experts, the USA's agricultural exports might see a fall to $170 billion in 2024. 

According to the US import export data, the country's agricultural exports hit an all time high of $196 billion in 2022. China remained the biggest market for USA's agricultural exports with a record 19% market share. China's major interest came in the USA's soybeans, beef and cotton items. Along with China, Canada, Mexico and Japan were other significant markets.

Soybeans are the top revenue generating commodity for the USA. In 2023, the exports of soybeans from the USA were recorded to be $28 billion. Although, there was a steep decline of 18% in the USA’s soybeans exports. China was the top importer of soybeans as it represents 50% of the overall soybean exports of the USA.  Mexico, Germany and Japan were other significant markets for the USA's agricultural exports.

Also, the corn exports dropped to 28% last year. According to the US export data, the corn exports of the country were $13.5 billion in FY 2023. USA’s majority of the corn exports went to Mexico which imported around $5.6 billion worth of corn from the USA. Whereas, 15% of the US corn exports went to Japan with an estimated worth of $2 billion. China, Colombia and Canada were among the fastest growing markets for USA’s agricultural exports in 2023.

Cargill Corporation, CHS INC, Zen-Noh Grain Corporation Convent, Bartlett Grain Company and Archer Daniels Midland are the top food exporting companies from the USA responsible for the maximum number of shipments last year. In terms of livestock exports, the USA recorded $1.2 billion revenue in 2023. 45% of the USA's livestock exports went to Canada which imported around $545 million last year. Other significant markets for USA's livestock exports were Mexico, Japan, United Kingdom and Ireland.

Whereas, there was a 1% rise in the USA’s exports of fruits in 2023. As per US bill of lading database, the fruits exports of the USA were $15 billion. Apples, Grapes, Citrus Fruits, Apricots, Bananas, Dates and Melons were the most exported fruits from the USA. Canada was the leading destination for the USA's fruits exports worth $4 billion in 2023. Among the fastest growing markets for USA's fruits exports were Mexico, China, India and Japan. 

On the other hand, the USA’s vegetable exports accounted for $5 billion with a 5% rise during FY 2023. Dried legumes were the most exported vegetables from the USA with exports worth over $1.2 billion last year. USA’s other key vegetable exports were lettuce, cabbages, cauliflowers, potatoes, onions, tomatoes and beetroots.

The top destinations for USA’s vegetable exports were Canada ($3.2 billion) followed by Mexico ($690 million), Japan ($150 million) and Dominican Republic ($90 million). Olam International, Blue Diamond Growers, Taylor Farms, Cooperative Elevator, Summit Almonds and Chelan Fresh were the leading fruits and vegetables export companies from the USA with higher shipment volumes last year.

On the other hand, the USA’s poultry meat exports were recorded to be $20 billion in 2023. There was a decline of 6% compared to the previous year. Pork and bovine meat were the most exported meat items from the USA with $6 billion and $4.3 billion exports respectively. In terms of export value, the top markets were Mexico ($4.3 billion), China ($3.3 billion) and Japan ($3 billion). 

Whereas per US import data, the meat imports of the USA were recorded to be $12 billion in 2023. Canada, Australia and Mexico were the leading destinations for USA’s meat imports. JBS Foods, Minerva Meats and Wild Bull Services are some of the major poultry import companies from the United States.

Through global import export data providers, US companies can gain intelligence over the global poultry market and export opportunities. This could help companies drive genuine international clients for their business and global expansion.