Mexico, Canada, and China account for over 40% of U.S. agricultural exports

Published 2025년 2월 7일

Tridge summary

Analysts at APK-Inform have highlighted that Mexico, Canada, and China are significant agricultural trading partners of the US, with their combined share among suppliers and buyers of American agricultural products reaching 43% and 47% respectively from 2019 to 2023. The US has seen an increase in agricultural imports by 4% more than exports, with Mexico being the leading supplier and Canada the main buyer of US agricultural products. The impact of the proposed US tariffs on these countries and various trade sectors remains uncertain, although it is perceived as a strategy by the new American administration for strengthening negotiation positions. The reaction in Canada, particularly in border regions, has been strong, with residents expressing willingness to abandon American goods.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to analysts at APK-Inform, the countries on whose imports tariffs are planned are key US trading partners in the agricultural sector. Thus, in 2019–2023, the average annual combined share of Mexico, Canada and China among suppliers of agricultural products to the US was 43%. At the same time, their share among buyers of American agricultural products during this period reached 47%, the International Trade Center reports. It is worth noting that during the specified period, the US imported 4% more agricultural products in monetary terms than it exported, and in 2023 this figure increased to 13%. Mexico dominates among the main suppliers of agricultural products to the US, whose share in the total volume of US imports in monetary terms exceeds 20% every year, and in 2023 it reached a record 23%. Among importers of American agricultural products, Canada is the leader, to which the United States annually supplies about 17% of its exports in this segment (in monetary ...

Source: Graintrade