Export Value Up 14% In 2017
The total value of U.S. dairy exports reached $5.48 billion in 2017, up 14% from 2016 and the most in three years, according to the U.S. Dairy Export Council (USDEC).
In terms of volume, shipments of powder, cheese, butterfat, whey and lactose were up 6%, surpassing the previous high reached in 2014. On a total solids basis, USDEC says U.S. exports were equivalent to 14.7% of U.S. production, up from 14.2% in 2016 and the highest since 2014. Imports were equivalent to 3.4% of production.
Mexico remained the top market, up 8% over 2016 levels with sales of $1.3 billion. Other notable countries included China, up 49%; Japan, up 41%, Oceania, up 50%; South Korea, up 21% and the Middle East/North Africa region up 21%.
According to USDEC, nonfat dry milk/skim milk powder, whey and cheese made up more than two-thirds of U.S. dairy exports. Powder exports were up 1% over 2016, while cheese shipments increased 19%. Butterfat exports increased 14% in 2017.
For a full export report, click here.