Thursday, January 16, 2025
HomeAg NewsMexico Now Top U.S. Export Customer, China Drops to Third

Mexico Now Top U.S. Export Customer, China Drops to Third

U.S. food and ag sales to Mexico surged by 7% during the 2024 fiscal year, making the North American neighbor the No. 1 ag export customer, according to Census Bureau data tracked by the USDA. China fell to third place behind Canada in export purchases.

Shipments to Mexico totaled $30 billion, an increase of $2 billion from 2023, with purchases that included a record 24.5 million metric tons of corn, 40% of all U.S. corn exports for the year. Canada bought $29 billion and China $25.7 billion of American-grown food and ag products. Together, Mexico and Canada accounted for one-third of U.S. food and ag exports of $173 billion for the year. And they were forecast to repeat as the top two markets in fiscal 2025, with China again in third place.

Brazil has gained a larger share of the ag import market in China.

RELATED ARTICLES
- Advertisment -

Latest Stories