While it is typically obvious when a team wins, loses or ties (although ties are a rarity in sports these days), in the commodity export world, a win depends on how you define it.
In 2022, China was ranked No. 1 in U.S. exports of agricultural products. The total export value has increased significantly every year since 2018, rising 14% most recently from 2021 to 2022.
U.S. dairy exports set new volume and value records again in 2022. This feat was accomplished despite high inflation and a host of other challenges to international trade, according to the U.S. Dairy Export Council (USDEC), Arlington, Va.
U.S. dairy exports in 2022 will mostly continue to speed down the expressway, albeit with different drivers. First, let’s talk about how 2021 has played out because some of the trends from this year will extend into the next.