The Importance of Exports

President Obama is expected to sign the agreement on Feb. 4.

The subject of trade seems to be a daily topic in the national and agricultural media in recent weeks. The President appears to be determined to create an environment for “fairer” trade between the U.S. and many of our trading partners. Thus far, negotiations between the U.S. and other countries have yielded few results, tough talk, and the threat of tariffs.

Much of the uncertainty surrounding the issue of trade has created a level of anxiety within several U.S. industries. Agriculture is certainly one of those industries. Many agricultural commodities play an important role in our overall trade balance. The beef industry is greatly impacted by exports across the globe.

Annual U.S. beef exports have risen significantly over the past decade according to statistical data from the U.S. Meat Export Federation. In 2008, the U.S. exported 984,712 metric tons of beef at a total value $3.619 billion dollars. In 2017, U.S. beef exports were at 1,263,456 metric tons for a total value of $7.269 billion dollars. The top six destinations for U.S. beef exports in 2017 were:

  1. Japan, $1,890 billion 
  2. South Korea, $1,220 billion 
  3. Mexico, $980 million 
  4. Hong Kong, $884 million 
  5. Canada, $796 million
  6. Taiwan, $410 million

Exports of beef have continued their strong run thus far in 2018. Beef export volume was 111,213 metric tons in April, up 11 percent year-over-year. Export value was $676.7 million, up 23 percent and the fourth-highest on record. Through the first four months of 2018, exports were up 10 percent in volume to 429,286 metric tons. Export value was $2.59 billion, 20 percent above last year’s record pace.

Exports accounted for 14.1 percent of total beef production in April, up from 13.6 percent a year ago. Beef export value averaged $328.46 per head of fed slaughter in April, up 16 percent from a year ago. Through April, per-head export value averaged $318.91, up 17 percent. To put these figures in perspective, $318.91 on a 1,400-pound market steer equals an added 22.8 cents per pound.

The figures listed above should indicate the importance of exports to the beef industry. It certainly would be beneficial to the beef industry and many other agricultural commodities for our U.S. trade negotiators to make some agreements with our key trading partners sooner rather than later. To say a lot is at stake would be an understatement.

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Submitted by David Jackson on Sun, 07/08/2018 - 09:21

Informative article. Definitely this is very knowledgeable article on importance of export. Here you explain some valuable information about export business. I am also totally agree with this article and appreciate you for publishing it. Anyway I am david an professional researcher and writer in a writing agency. As usually I am providing any type of custom research papers for our clients. I have been works in this sector more than seven years. My passion is writing and helping people for their writing solution.

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My name is Victoria , I never thought I will smile again, My husband left
me with two kids for one year, All effort to bring him back failed I
thought I’m not going to see him again not until I met a lady called
Jesse who told me about a spell caster called dr.alusistanley, She
gave me his email address and mobile number and I contacted him and he
assured me that within 3days my husband will come back to me, In
less than 3days my husband came back started begging for forgiveness
saying it is the devils work, so I’m still surprise till now about
this miracle,i couldn’t conceive but as soon as the spell was cast,i
became pregnant and gave birth to my third child(Michelle) if you need
any assistance from him you can contact him via:email
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Submitted by Victoria on Thu, 07/12/2018 - 02:00

My name is Victoria , I never thought I will smile again, My husband left
me with two kids for one year, All effort to bring him back failed I
thought I’m not going to see him again not until I met a lady called
Jesse who told me about a spell caster called dr.alusistanley, She
gave me his email address and mobile number and I contacted him and he
assured me that within 3days my husband will come back to me, In
less than 3days my husband came back started begging for forgiveness
saying it is the devils work, so I’m still surprise till now about
this miracle,i couldn’t conceive but as soon as the spell was cast,i
became pregnant and gave birth to my third child(Michelle) if you need
any assistance from him you can contact him via:email
dr.alusistanley@gmail.com

Submitted by Jessica Page on Wed, 07/18/2018 - 01:26

The Exports of products always give significance rise in the level of country’s economic growth, employment and the balance of payments. In the UK and US, there is a huge amount of profit coming from exporting beef to other countries. Please also visit: Outsourcing Finance