The United States’ exports of agricultural and related products hit record levels by value in 2022, though higher prices played a big role as volumes across some major items like grain and meat were down on the year.
U.S. farm exports were valued at $213 billion last year, up from the prior high of $192 billion set in 2021. Last year’s total accounted for an above-average 7.1% of all U.S. exports in 2022, which reached a record $3 trillion across goods and services.
China was the top destination for U.S. agricultural products in 2022 at a record 19.2% of the value, led by increased purchases of soybeans, cotton and beef. Canada, Mexico and Japan rounded out the top four at 16%, 14% and 8%, respectively, of the 2022 U.S. export total.
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