US apple exports increased 47% compared to the previous season

Published Mar 20, 2024

Tridge summary

U.S. apple exports have seen a significant increase of 47% from last year, exceeding 1 billion pounds between August and January, according to USDA data. This surge is primarily due to increased demand from Mexico and India, the latter having removed a 20% tariff on US-grown apples. Other markets such as Taiwan and China also showed growth. Despite a record harvest of over 10.5 billion pounds leading to excess supply, the expansion into markets like India has helped to stabilize prices.

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

Original content

U.S. apple exports surpassed 1 billion pounds between August and January, according to the latest USDA data released Tuesday. The volume represents an increase of 47% compared to the same period last year. The increase in export volume was led by Mexico, the main destination for American apples, which went from 205 million pounds in 2022-23 to 299 million in the current season. Another market that is driving export growth is India. After India removed 20% tariffs on US-grown apples for the 2023-24 season, mid-season export volumes grew 16 times the total for the 2022-23 season. Before the tariffs were imposed, Washington state exported $120 million worth of apples to India. At the lowest point, Washington producers exported less than $1 million. As of January 2024, the U.S. had exported nearly 39 million pounds of apples to India, compared to 584,000 pounds in the same period last season. In 2023, several trade policies negotiated by the U.S. government, including the elimination ...

Source: MXfruit