Source: USDA's Foreign Agricultural Service

Agricultural exports to China finished fiscal year 2010 at $15.1 billion as the country surpassed Mexico to become the number two market for U.S. agricultural exports. Record soybean shipments along with strong Chinese demand for cotton and distillers dried grains (DDG's) contributed to the overall record in U.S. exports to China. Moving forward, exports in FY 2011 are forecast to reach another record at $17.5 billion. 

China Grows Faster Than NAFTA Partners

Although agricultural exports to Mexico and Canada have grown impressively over the past decade, sales to China have grown faster, and finished the fiscal year up $4 billion over FY 2009's record exports of $11.1 billion. Total exports to China in FY 2010 hit $15.1 billion due primarily to record soybean shipments of $9.3 billion. Strong demand throughout the year combined with less competition from South American supplies early in the year, led to sustained soybean shipments. Increased demand from the pork and poultry industries spurred exports of soybeans along with some late-season corn shipments. Additionally, rising demand and high Chinese corn prices led to an increase in U.S. DDG shipments, which soared from a previous record of $35 million in FY 2009 to $447 million in FY 2010. 

More information