Biofuels
U.S. Biofuels Exports in 2023
Total Export Value
$5.34 Billion
3-Year Average
$4.66 Billion
Compound Average Growth
8.5% (2014-2023)
| Market | Total Value (USD) |
|---|---|
| Canada | $3.17 Billion |
| United Kingdom | $409.94 Million |
| European Union | $336.48 Million |
| India | $245.93 Million |
| South Korea | $241.2 Million |
| Peru | $232.86 Million |
| Colombia | $223.42 Million |
| Mexico | $148.38 Million |
| Jamaica | $70.53 Million |
| Philippines | $69.61 Million |
Data and Analysis
Thailand’s newly proposed National Energy Plan (NEP) lowered the on-road biofuel consumption target to reflect the lower mandated blend rate for biodiesel and set a target for Sustainable Aviation Fuel (SAF) from 2026.
In order to support the introduction of sustainable aviation fuel (SAF), the Ministry of Economy, Trade and Industry (METI) is going to hold expert committee meetings to discuss the framework of upcoming SAF regulations.
This report provides an overview of the biofuel use mandates in EU-27 member states, including temporary changes to alleviate inflationary pressure stemming from Russia’s invasion in Ukraine. It supplements the EU Biofuels Annual Report for 2024.
News and Features
Japan ’s new biofuels policy will help promote a cleaner, more sustainable energy future and will expand U.S. ethanol producers’ producers’ access to the Japanese market.
The American agricultural sector posted its best export year ever in 2022 with international sales of U.S. farm and food products reaching $196 billion.
Foreign Agricultural Service Administrator Daniel Whitley led a USDA trade mission to the Philippines, July 18-21. He was joined by representatives from 29 U.S. agribusinesses and farm organizations and 10 state departments of agriculture, working...