Browse Data and Analysis

U.S. agricultural exports to China in fiscal year (FY) 2022 were $36.4 billion and surpassed the previous year’s record with China as the largest export market for the second consecutive year. Significantly higher agricultural prices and resilient demand helped drive exports above the previous year’s record despite lower volumes for most products.

In the first quarter of 2021, U.S. soybean exports reached the second-highest value ever at $7.7 billion, nearly double the same period last year.

While trade tensions and China’s retaliatory tariffs slashed U.S. agricultural exports to China in 2018 and 2019,

At a combined $23.8 billion, China and Hong Kong represent 18 percent of U.S. agricultural exports to the world, up from 10 percent just a decade ago.

Over the past decade, the United States' agricultural exports to China have risen sharply, propelling China into its position as the fastest-growing and highest-value export destination...

While EU demand for imported soybeans has fallen, the U.S. industry adjusted to meet rising demand elsewhere in the world.

A rapidly growing middle class in North Asia is expected to boost demand for U.S. agricultural exports over the next decade.

Production of distillers dried grains (DDG) has soared in recent years as ethanol production has grown.