Biofuels
U.S. Biofuels Exports in 2023
Total Export Value
$5.34 Billion
Total Volume
869,479 Metric Tons
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
Fossil fuel CI reduction requirements came into effect on July 1, 2023, but an early carbon credit creation mechanism operating June 2022 to June 2023 incentivized growth in ethanol use and blending in 2022 under Canada's CFR.
Peruvian total ethanol production in 2024 is forecast at 210 million liters, a slight decrease compared to the previous year. Total ethanol consumption for 2024 is forecast at 290 million liters, remaining at the same levels compared to the previous year.
As part of a broad push towards reducing carbon emissions in the aviation sector, the newly elected Labour government is seeking to bolster the United Kingdom’s (UK) Sustainable Aviation Fuel (SAF) industry, which builds on initiatives and policies from the prior administration.
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...