The latest report from the International Agribusiness Center at DATCP shows Wisconsin export of food, forestry, and agricultural products reached an all-time record of $3.96 billion in 2021. Q2 2022 year-to-date exports are $2.18 billion, up 14.1 percent from the same period in 2021.
Wisconsin’s top five export markets posted gains in the second quarter, with Canada, China, and Korea recording double digit gains and Mexico showing sluggish growth in the first half. Dairy is up over 37 percent, crops are up 14 percent and meat is up nearly 2 percent.
Wisconsin agricultural exports remain strong in light of headwinds from inflation, a strong U.S. dollar, conflict between Russia and Ukraine, high logistics costs, low container availability, high fuel costs, continued tariffs on agricultural products, and COVID-19 lockdowns in China. International Agribusiness Center Director Mark Rhoda-Reis shares more:
Strong demand and global shortages of some key commodities continue to push growth for U.S. food, forestry, and agriculture products despite the headwinds.
Wisconsin exported $2.18 billion in agricultural and food products to 134 countries by the end of the second quarter of 2022, an increase of 14.1 percent, or $270 million, in value compared to last year. U.S. agricultural and food exports were valued at $112 billion year to date, an increase of 15 percent, or nearly $15 billion, compared to 2020 year to date quarter two.
Wisconsin’s top ten export markets make up about 78 percent of the total $2 billion. Of the top ten markets, UK and Germany posted declines while Canada, China, Mexico, Korea, Japan, Finland, Italy, and Australia increased, nearly all by double digits.
The top ten individual products exported from Wisconsin make up more than 66 percent of total exports totaling over $1.45 billion. The top ten product showing the highest increase from 2021 to 2022 are Beverages, Spirits, and Vinegar, up 66 percent or $74 million. Miscellaneous food preparations, dairy, prepared cereals, flour and starch, and food waste products also all showed double digit growth over
last year. Four of the top ten products posted a decline.
Wisconsin currently ranks 13th among U.S. states in total agricultural exports and first for the export of ginseng roots, prepared/preserved cranberries, raw furskins, bovine semen, whey and milk products, specialty cheeses, and prepared/preserved sweet corn. Wisconsin also ranks sixth in cheese.
See the report: https://datcp.wi.gov/Documents2/20220816IABCQ2ExportStatistics.pdf
Learn more about the International Agribusiness Center: https://datcp.wi.gov/Pages/AgDevelopment/InternationalAgribusiness.aspx
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