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In 2024, Mexico was the largest market for U.S. agricultural products and the only market to reach over $30 billion in agricultural exports. Market opportunities continue to expand with U.S. consumer-oriented products increasing by 13 percent.
Marketing year (MY) 2025/26 rice production in the Republic of Korea (ROK) is forecast further down on reduced planted area approaching half of the government’s reduction target of 80,000 hectares.
Australia is the world’s second-largest producer and exporter of almonds, behind only the United States, and the industry continues to grow.
In 2024, Mexico imported more than 35 million metric tons of grains from the United States. The North American freight rail network is an increasingly important mode of transport for handling the growth in this trade.
Stronger local white corn prices and rising demand for rice and sorghum are expected to drive increased production in marketing year 2025/2026.
Australia is a prosperous, industrialized nation with a stable economy that fosters an open and transparent trade and investment environment.
Mexico’s potato production is estimated at 2.28 million metric tons (MMT) in marketing year (MY) 2025/26 (July 1 – June 30), four percent higher than the estimated MY 2024/25 production due to seasonal rains in several potato-producing states in mid-2024, easing drought conditions.
Australia’s milk production in 2025 is estimated to decline to 8.6 million metric tons (MMT), following a significant 2.3 percent increase in 2024. The growth experienced in 2024 has stalled, primarily due to very dry conditions across southwest Victoria and South Australia.
Mexico’s 2025 tomato production is forecast at 3.1 million metric tons (MMT), a three percent decrease year-on-year based on continuing drought conditions in the main production areas and lower projected planting for the autumn-winter season.
The 2024 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2024 calendar year.
South Korea’s whiskey imports experienced a compound annual growth rate (CAGR) of 17.1% in value from 2020 to 2024, totaling $249 million.
With limited domestic production and increasing consumer demand, Korean imports of tree nuts continue to grow steadily, recording a compound annual growth rate of six percent over the last five years.