Forecast for U.S. Exports Exceeds 2014’s Record by 8%

This fiscal year’s U.S. export forecasts are projected at $11.7 billion — nearly 8% more than the 2014 record. High foreign demand for meat, corn and soybeans are favorites among the farm production category. China remains the top consumer and accounts for 20% of all U.S. export sales. The commodity boom began last fall but analysts predict the demand will likely ease soon as supply chains catch up from COVID-19 backlogs. The most lucrative crop thus far has been soybeans, which sales have already come to $28.9 billion this year. See more forecasted numbers and trends.