U.S. farm and food product exports create a lot of value and generate economic activity within and outside of the agricultural sector. In general, increased exports of agricultural products lead to higher demand for transportation services, packaging materials, and the additional employment and activities required to ship exports. In 2023, the value of U.S. ag exports, comprising commodities and food products, reached $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 in 2023. Including the value of the exports themselves, U.S. agricultural exports generated a total economic output of $362.4 billion in 2023. Put another way, every $1 of U.S. agricultural products exported generated a total of $2.06 of domestic economic activity, on average.
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