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    Home»Commodities»U.S. Ag Export Volumes Surged in 2024
    Commodities

    U.S. Ag Export Volumes Surged in 2024

    February 22, 20251 Min Read


    Last year, most global importers took advantage of plentiful and cheaper U.S. bulk agricultural commodities, including soybeans and corn, the top ticket items. Reuters says milestones were notched among the top U.S. bulk grain destinations in 2024 as average export prices fell by more than one-fifth versus 2023. Lower prices meant this group of commodities pulled in five percent less revenue than the previous year, but the quantity was up significantly. By volume, U.S. bulk agricultural exports in 2024 surged 22 percent on the year, the largest annual rise in a decade. By value, U.S. agricultural and related product exports totaled $191 billion in 2024, up fractionally from 2023. That’s the third-largest on record in nominal dollar terms, down from 2022’s high of $213 billion. Canada, China, and Mexico are the top three markets for U.S. agriculture. Canada was the number one destination for U.S. farm goods in 2024.



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