Farm Exports Hit Record $152.5 Billion for FYE September 30, 2014

The USDA announced earlier this month that total US farm exports for the fiscal year ended September 30, 2014 hit a new record of $152.50 billion.  This is up from the previous record set the year before of $141 billion (almost a 10% increase).  It was the first time that exports for any month exceeded $15 billion (October and November 2013).

Breakdown of the major exported products is as follows:

• Soybeans $20.7 billion
• Animal feeds and oil meal $14.0 billion
• Red Meat $12.6 billion
• Wheat $10.1 billion
• Tree nuts $7.8 billion
• Poultry $6.3 billion
• Dairy Products $6.2 billion

Out of 45 million metric tons of soybean exports for FYE 2014, 27.9 million tons went to China with Mexico a very distant second at 2.6 million tons.  Our top Wheat export market was Brazil at 3.3 million tons with Japan a close 2nd at 3.1 million tons (out of a total of 27.1 million tons).  Our number 1 corn market was Japan @ 12.3 million tons with Mexico in 2nd at 10.9 million tons (out of a total 50.6 million tons).

These numbers reflect direct farm exports.  The amount related to food products exported in a finished goods format would most likely add to these totals.

Here is a link to additional tables from the USDA on these exports and imports.