November 17, 2017

Dairy Exports Grew 17% in FY17

 |  By: Mike Opperman

U.S. dairy exports grew 17 percent in fiscal year 2017 to reach $5.3 billion dollars. According to USDA, total ag exports hit $140.5 billion, up 8% over last fiscal year. That's the third highest on record. 

China is still our largest customer, purchasing $22 billion worth of ag products. Canada followed closely behind with $20.4 billion and Mexico at $18.6 billion. Coincidentally, Mexico is the largest customer of dairy products with Canada trading between second and third with southeast Asia. 

U.S. Dairy Export Council figures show that U.S. dairy exports account for between 15 and 16% of total milk production. In total, exports of all ag products account for 20% of U.S. farm income, according to USDA data. That's a big driver of rural economic activity, including supporting more than one million jobs both on and off the farm.