America’s farm and food product exports create value and generate economic activity within and outside of the agricultural sector. Increased exports of agricultural products lead to higher demand for transportation services, packaging materials, or financial services across the supply chain, with additional employment services and economic activities required for exports. In 2023, the value of U.S. agricultural exports, comprising both commodities and food products, hit $175.5 billion. In turn, these exports generated an additional $186.9 billion in economic activity. Exports of bulk, unprocessed commodities like soybeans and corn, valued at $74.2 billion, generated an additional $66.2 billion in economic activity during 2023. Including the value of the exports themselves, U.S. agricultural exports generated a total economic output of $362.4 billion in 2023. That means every one dollar of ag product exports generated a total of $2.06 of domestic economic activity, on average. Non-bulk exports generated $120.7 billion in additional economic activity.
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