FY 2019 U.S. Agricultural Exports Forecast Remains at $141.5 Billion; Imports Rise to $128.0 Billion
Fiscal year 2019 agricultural exports are projected at $141.5 billion, unchanged from the November forecast as decreases in grain and oilseed exports are offset by higher livestock and dairy exports. Grain and feed exports are forecast down $100 million to $33.7 billion. Oilseeds and products exports are projected at $27.8 billion, down $100 million from November expectations, driven by lower soybean volumes. Livestock, poultry, and dairy exports are raised $300 million from the November forecast to $30.4 billion, largely as gains in beef, pork, poultry, dairy, and other products offset declines for hides, skins, and furs. Cotton is forecast unchanged from November at $5.9 billion. Horticultural product exports are unchanged at $35.3 billion. U.S. agricultural imports in fiscal year 2019 are forecast at $128.0 billion, up $1.0 billion from the November forecast. This increase is led by horticultural products, livestock and meats, and grains and feed imports. The U.S. agricultural trade surplus is forecast at $13.5 billion, down $1.0 billion from the November forecast.