U.S. agricultural exports rose to $53 billion in calendar year 2002, an increase of $30 billion in nominal dollars since 1976. In real terms, the average rate of export growth was 1.7%/year. U.S. export gains occurred mainly in high-value products (HVPs); bulk exports rose slightly, but suffered a significant loss of market share. Of the total HVP exports, processed HVPs (meats and grain products) accounted for the most growth; semiprocessed HVPs (feeds, hides, and oilseed products) were relatively stable; and raw HVPs (fruits, vegetables, and live animals) expanded slightly. Asia and the Americas surpassed Europe as the largest U.S. agricultural markets.
To view the full report, log on to the Web and check out these sites: